Two-Story Restaurant
For Sale
$2,970,000
862 Lafayette Street, Cape Coral, FL 33904
CommercialSale, Cape Coral, FL
Property Size17,500 SF
Lot Size0.90 Acres
Price / SF$169.71
Days on Market472
Property Features for 862 Lafayette Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SC
Directions
Cape Coral, 1 block south of Cape Coral Parkway, 1 block east of Coronado Parkway.
Subdivision
CC11 - Cape Coral Unit 1, 2, 4-6
Special listing conditions
Auction
Standard status
Active
APN
18-45-24-C1-00052.0590
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CAPE CORAL UNIT 6 PT.3 BLK.52 PB 11 PG 77 LOTS 55 THRU 62 and CAPE CORAL UNIT 6 PART 3 BLK.52 PB 11 PG 77 LOTS 36 THRU 39
Tax Annual Amount
22133
Legal Description
CAPE CORAL UNIT 6 PT.3 BLK.52 PB 11 PG 77 LOTS 55 THRU 62 and CAPE CORAL UNIT 6 PART 3 BLK.52 PB 11 PG 77 LOTS 36 THRU 39
Building Details
Year built
2002
Floors in Building
2
Listing Agency:
Cornerstone Coastal Properties
(239) 989-0111
Listed By:
Daryl Simms · License #258026217
(239) 202-1801
Added: Jun 30, 2025
Changed: Oct 8
Last Checked: Oct 14 at 9:06AM
MLS# 225058810
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 two-story restaurant property contains more than 17,500 square feet on a 0.8955-acre site. Food-service improvements include two commercial kitchens, six walk-in coolers, three walk-in freezers and a butcher room. The building also has multiple restrooms, a second-floor office with a balcony, and a screened patio area equipped with power shutters. Phase-three power is available, and furniture, fixtures and equipment on site may be considered for sale. The property was built in 2002 and is within the South Cape zoning district.
The offering includes 862 Lafayette Street and 859 Miramar Street, which provides a separate off-street entrance and additional parking. The property is one block south of Cape Coral Parkway and one block east of Coronado Parkway. Nearby residential projects include The Cove on 47th, with 327 units, and Madison Square, with 82 units. Bimini Square is also described as planned to include 218 apartments and a 500-space parking garage.
The offering includes 862 Lafayette Street and 859 Miramar Street, which provides a separate off-street entrance and additional parking. The property is one block south of Cape Coral Parkway and one block east of Coronado Parkway. Nearby residential projects include The Cove on 47th, with 327 units, and Madison Square, with 82 units. Bimini Square is also described as planned to include 218 apartments and a 500-space parking garage.
Key Highlights
- More than 17,500 square feet on a 0.8955‑acre site
- Two commercial kitchens, six walk‑in coolers and three walk‑in freezers
- Includes a butcher room and phase‑three power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,752
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,195,040
$3.2M
Cap Rate 7%
$2,282,171
$2.3M
Cap Rate 9%
$1,775,022
$1.8M
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$241.5K $13.80/SF
− Vacancy
−$13.3K −$0.76/SF
EGI
$228.2K $13.04/SF
− OpEx
−$68.5K −$3.91/SF
NOI
$159.8K $9.13/SF
Area
Cape Coral, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,195,040
Cap Rate 7%
$2,282,171
Cap Rate 9%
$1,775,022
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,280
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two commercial kitchens, walk-in cold storage and phase-three power support food-service operations.
Where is this conventional restaurant located?
The property is located at 862 Lafayette Street 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: More than 17,500 square feet on a 0.8955‑acre site; Two commercial kitchens, six walk‑in coolers and three walk‑in freezers; Includes a butcher room and phase‑three power
