Downtown Storefront
For Sale
$899,000
820 Cape Coral Pkwy E, Cape Coral, FL 33904
Leased commercial building along Cape Coral Parkway with recent roof and interior improvements.
Property Size2,100 SF
Lot Size0.07 Acres
Price / SF$428.10
Days on Market364
Property Features for 820 Cape Coral Pkwy E
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.07 Acres
Property subtype
Commercial
Zoning
South Cape Zoning District
Building Details
Year Built
1965
Buildings
1
Tenancy
Single
Listing Agency:
The Keyes Company
Listed By:
Ellen Stinson · License #258020980
(239) 470-0591
Source:
Naplesareahomesearch
Added: Oct 15, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company
Investment Insights
Based on property information with market context.
This 2,100-square-foot storefront property occupies a 3,115-square-foot lot at 820 Cape Coral Pkwy E. Built in 1965, the building is leased to a vape shop under a 5-year lease. Property improvements include a new roof completed in 2-2023 and a recent remodel.
The site is positioned along Cape Coral Parkway in Downtown Cape, within the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District. The property may also be acquired with 817 and 819 Lafayette St, which are located behind the subject property, creating an assemblage option for future expansion or redevelopment.
The site is positioned along Cape Coral Parkway in Downtown Cape, within the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District. The property may also be acquired with 817 and 819 Lafayette St, which are located behind the subject property, creating an assemblage option for future expansion or redevelopment.
Key Highlights
- 2,100 SF commercial building on a 3,115 SF lot
- Leased to a vape shop under a 5‑year lease
- New roof completed in 2‑2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,668
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,360
$633.4K
Cap Rate 7%
$452,400
$452.4K
Cap Rate 9%
$351,867
$351.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$46.1K $21.96/SF
− Vacancy
−$876 −$0.42/SF
EGI
$45.2K $21.54/SF
− OpEx
−$13.6K −$6.46/SF
NOI
$31.7K $15.08/SF
Area
Cape Coral, FL
Vacancy
1.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,360
Cap Rate 7%
$452,400
Cap Rate 9%
$351,867
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
13,437 visits/mo
0.0 miles
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Leased commercial building along Cape Coral Parkway with recent roof and interior improvements.
Where is this storefront property located?
The property is located at 820 Cape Coral Pkwy 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: 2,100 SF commercial building on a 3,115 SF lot; Leased to a vape shop under a 5‑year lease; New roof completed in 2‑2023
