Flex/Warehouse with New TPO
For Sale
Contact for pricing
837 Miramar St, Cape Coral, FL 33904
Flex/warehouse building just off Cape Coral Parkway with recent roof, A/C, and full sprinkler system upgrades.
Property Size8,300 SF
Price / SF$228.92
Days on Market208
Property Features for 837 Miramar St
General Information
Standard status
Active
Size
8,300 SF
Property subtype
INDUSTRIAL
Additional Details
Sprinkler System
Yes
Listing Agency:
Commercial Real Estate Services of SWFL, Inc.
(239) 980-0081
Listed By:
Carlos Acosta, CCIM · License ##BK3161197
(239) 823-0115
Source:
Moodyscre
Added: Apr 7
Changed: Oct 25
Last Checked: Oct 30 at 3:01PM
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 Commercial Real Estate Services of SWFL, Inc.
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 flex/warehouse property is designed to support a variety of business uses and includes recent major improvements. The building features a new TPO roof, new A/C systems, and a full sprinkler system, along with a flexible overall layout and functional design.
The property is located just off Cape Coral Parkway, placing it in a highly accessible Cape Coral setting. It is also described as being near Downtown Cape Coral, supporting convenient day-to-day operations.
With a total building size of 8,300 SF, the space is well suited for an owner-user or for an investor looking for a versatile commercial asset with long-term utility.
The property is located just off Cape Coral Parkway, placing it in a highly accessible Cape Coral setting. It is also described as being near Downtown Cape Coral, supporting convenient day-to-day operations.
With a total building size of 8,300 SF, the space is well suited for an owner-user or for an investor looking for a versatile commercial asset with long-term utility.
Key Highlights
- 8,300 SF flex/warehouse building
- New TPO roof
- New A/C systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,798
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,960
$1.8M
Cap Rate 7%
$1,297,114
$1.3M
Cap Rate 9%
$1,008,867
$1.0M
Market Conditions
NOI Build-Up for 8,300 SF
Gross rent
$149.4K $18.00/SF
− Vacancy
−$9.7K −$1.17/SF
EGI
$139.7K $16.83/SF
− OpEx
−$48.9K −$5.89/SF
NOI
$90.8K $10.94/SF
Area
Cape Coral, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,960
Cap Rate 7%
$1,297,114
Cap Rate 9%
$1,008,867
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.13M – $1.51M
NOI $90,798 @ 7.0% cap · market cap 4.78%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,626 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,755 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,280
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catering By Jack & Michael — 4708 SE 8th Ct, Cape Coral, FL 33904
- Taco Works — 1017B Cape Coral Pkwy E, Cape Coral, FL 33904
- Red Roc Cravings — 1413 Cape Coral Pkwy E, Cape Coral, FL 33904
Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse building just off Cape Coral Parkway with recent roof, A/C, and full sprinkler system upgrades.
Where is this flex space located?
The property is located at 837 Miramar St Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8,300 SF flex/warehouse building; New TPO roof; New A/C systems
