Leased Retail
For Sale
$899,000
820 Cape Coral Parkway E, Cape Coral, FL 33904
CommercialSale, Cape Coral, FL
Property Size2,100 SF
Lot Size0.07 Acres
Price / SF$428.10
Days on Market280
Property Features for 820 Cape Coral Parkway E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SC
Directions
follow GPS
Subdivision
CC11 - Cape Coral Unit 1, 2, 4-6
Standard status
Active
APN
18-45-24-C1-00060.0330
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
Legal Description
CAPE CORAL UNIT 6 PART 3 BLK 60 PB 11 PG 77 LOT 33
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
The Keyes Company
(239) 323-2883
Listed By:
Ellen Stinson · License #258020980
(239) 470-0591
Added: Jan 9
Changed: Sep 30
Last Checked: Oct 16 at 12:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,100+/- SF commercial storefront occupies a 3,115+/- SF lot at 820 Cape Coral Parkway E in Cape Coral. Built in 1965, the property has been remodeled and received a new roof in 2-2023. The building is currently leased to a vape shop under a 5-year lease, with showings available by appointment only and no tenant disturbance requested.
The property is positioned along Cape Coral Parkway E within an active commercial corridor. Its land-use framework includes the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District. The site may also be acquired with 817 & 819 Lafayette St, located behind the property, as part of a larger assemblage.
The property is positioned along Cape Coral Parkway E within an active commercial corridor. Its land-use framework includes the Downtown Mixed-Use Future Land Use District and the South Cape Zoning District. The site may also be acquired with 817 & 819 Lafayette St, located behind the property, as part of a larger assemblage.
Key Highlights
- 2,100+/- SF commercial building on a 3,115+/- SF lot
- Currently leased to a vape shop under a 5‑year lease
- New roof completed 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,306
Businesses Nearby
203k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 30%
Groceries 14%
Home Improvements & Furnishings 8%
Winn-Dixie
Groceries
28,327 visits/mo
0.3 miles
McDonald's
Dining
18,781 visits/mo
0.4 miles
7-Eleven
Shops & Services
18,620 visits/mo
0.4 miles
Starbucks
Dining
16,098 visits/mo
0.1 miles
Vision Ace Hardware
Home Improvements & Furnishings
14,318 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Rosales Flowers — 403 Cape Coral Pkwy E, Cape Coral, FL 33904
Frequently Asked Questions
What type of property is this?
Storefront property - Existing five-year occupancy provides an established commercial use along Cape Coral Parkway E.
Where is this storefront property 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: 2,100+/- SF commercial building on a 3,115+/- SF lot; Currently leased to a vape shop under a 5‑year lease; New roof completed 2‑2023
