Leased Retail Building with New
820 Cape Coral Parkway E Cape Coral, FL 33904
820 Cape Coral Parkway E, Cape Coral, FL, 33904
$899,000
For Sale
$899,000
COMMERCIAL - Cape Coral, FL
Property Size2,100 SF
Lot Size0.07 Acres
Price / SF$428.10
Days on Market189
Property Features for 820 Cape Coral Parkway E
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 18-45-24-C1-00060.0330
- Size
- 2,100 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CAPE CORAL UNIT 6 PART 3 BLK 60 PB 11 PG 77 LOT 33
- Tax Annual Amount
- 2899
Building Details
- Year built
- 1965
- Floors in Building
- 1
Listing Agency
The Keyes Company
(239) 323-2883
4707 SE 9 place, Fort Myers, FL
Listed by
Ellen Stinson · License #258020980
(239) 470-0591
Added: Jan 9 Checked: Jul 17 at 4:06 am
MLS# 2025021113
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,100+/- SF commercial retail building is situated on a 3,115+/- SF lot and is currently leased to a vape shop. The lease is described as a 5-year term, providing an income stream for a buyer. The property has had recent improvements, including a new roof installed in February 2023, along with a recently remodeled interior project with a stated cost of $160,000.
Located in Downtown Cape Coral, the building falls within the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District. The property is positioned for visibility along Cape Coral Parkway, and showings are by appointment only with instructions not to disturb the tenant.
For investors, this is a straightforward option as a single-tenant retail asset that is leased at the time of sale. For buyers considering future planning, the noted future land use and zoning designations may help support redevelopment or expansion concepts. The listing also notes portfolio or assemblage potential, as the property can be sold together with 817 & 819 Lafayette St, located behind the subject property, for added flexibility in assembling adjacent holdings.
Located in Downtown Cape Coral, the building falls within the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District. The property is positioned for visibility along Cape Coral Parkway, and showings are by appointment only with instructions not to disturb the tenant.
For investors, this is a straightforward option as a single-tenant retail asset that is leased at the time of sale. For buyers considering future planning, the noted future land use and zoning designations may help support redevelopment or expansion concepts. The listing also notes portfolio or assemblage potential, as the property can be sold together with 817 & 819 Lafayette St, located behind the subject property, for added flexibility in assembling adjacent holdings.
Key Highlights
- Prime Downtown Cape location with exceptional visibility on Cape Coral Parkway.
- Immediate income from existing 5‑year lease with a vape shop.
- Downtown Mixed‑Use Future Land Use District and South Cape Zoning District support redevelopment potential.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $21.96 |
| − Vacancy | −$876 | −$0.42 |
| EGI | $45.2k | $21.54 |
| − OpEx | −$13.6k | −$6.46 |
| NOI | $31.7k | $15.08 |
2,100 SF · lease $21.96/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$452.4K
$395.9K – $527.8K
NOI $31,668 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fly High Vape ...
Distribution Center
Red Letters Marketing
Advertising Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant retail building in Cape Coral with a recently replaced roof and an active vape shop lease.
Where is this retail space located?
The property is located at 820 Cape Coral Parkway E Cape Coral, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime Downtown Cape location with exceptional visibility on Cape Coral Parkway.; Immediate income from existing 5‑year lease with a vape shop.; Downtown Mixed‑Use Future Land Use District and South Cape Zoning District support redevelopment potential.
