Two-Story Restaurant Building with
862 Lafayette St Cape Coral, FL 33904
862 Lafayette St, Cape Coral, FL, 33904
$2,970,000
For Sale
$2,970,000
Two-story restaurant building with multiple commercial kitchens, walk-in coolers and freezers, and phase-3 power.
Property Size17,500 SF
Price / SF$169.71
Days on Market385
Property Features for 862 Lafayette St
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing Agency
Cornerstone Coastal Properties
(239) 202-1801
Listed by
Daryl Simms · License #258026217
(239) 202-1801
Source
Bartleyrealty
Added: Jun 30, 2025 Checked: Jul 19 at 5:12 am
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 Cornerstone Coastal Properties
Investment Insights
Based on property information with market context.
This two-story restaurant building offers substantial commercial kitchen infrastructure, including two commercial kitchens, a butcher room, six walk-in coolers, and three walk-in freezers. The property also includes multiple restrooms and includes phase-3 power. A second-floor office includes a small balcony overlooking the main floor, which features a soaring ceiling.
The offering includes 862 Lafayette St., with the building and some parking, plus an additional off-street entrance from the south and parking via 859 Miramar St. The property is described as located one block south of Cape Coral Parkway and one block east of Coronado Parkway.
Additional operational support includes on-site FFE available for consideration of sale. Outdoor space includes a large screened area with power shutters and a patio seating setup tied to the kitchen configuration, supporting year-round foodservice use.
The offering includes 862 Lafayette St., with the building and some parking, plus an additional off-street entrance from the south and parking via 859 Miramar St. The property is described as located one block south of Cape Coral Parkway and one block east of Coronado Parkway.
Additional operational support includes on-site FFE available for consideration of sale. Outdoor space includes a large screened area with power shutters and a patio seating setup tied to the kitchen configuration, supporting year-round foodservice use.
Key Highlights
- Two‑story restaurant building built in 2002 with over 17,500 SF of space
- Includes 862 Lafayette St and 859 Miramar St with building, some parking, and an additional south off‑street entrance
- 6 walk‑in coolers, 3 walk‑in freezers, plus 2 commercial kitchens and a butcher room
Local Financial Insights For Industrial
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 | $241.5k | $13.80 |
| − Vacancy | −$13.3k | −$0.76 |
| EGI | $228.2k | $13.04 |
| − OpEx | −$68.5k | −$3.91 |
| NOI | $159.8k | $9.13 |
17,500 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.97M
$3.47M – $4.63M
NOI $277,830 @ 7.0% cap · market cap 9.35%
Second Best
Industrial
$2.28M
$2.00M – $2.66M
NOI $159,752 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$4.54M
$3.97M – $5.30M
NOI $317,856 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two-story restaurant building with multiple commercial kitchens, walk-in coolers and freezers, and phase-3 power.
Where is this conventional restaurant located?
The property is located at 862 Lafayette St Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,970,000.
What are key features of this property?
This property features: Two‑story restaurant building built in 2002 with over 17,500 SF of space; Includes 862 Lafayette St and 859 Miramar St with building, some parking, and an additional south off‑street entrance; 6 walk‑in coolers, 3 walk‑in freezers, plus 2 commercial kitchens and a butcher room
