Two-Story Commercial Building with Full
917 SE 47th Terrace Cape Coral, FL 33904
917 SE 47th Terrace, Cape Coral, FL, 33904
$2,100,000
For Sale
$2,100,000
COMMERCIAL - Cape Coral, FL
Property Size8,600 SF
Lot Size0.14 Acres
Price / SF$244.19
Days on Market172
Property Features for 917 SE 47th Terrace
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 07-45-24-C4-00356.0300
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 8 BLK 356 PB 13 PG 3 LOTS 30 + 31
- Tax Annual Amount
- 1592
Building Details
- Year built
- 1975
- Floors in Building
- 2
Listing Agency
Century 21 Selling Paradise
(239) 542-5777
3409 Del Prado Blvd S No. 103, FL
Listed by
Jack Martin · License #278007007
(239) 707-9015
Added: Jan 26 Checked: Jul 17 at 7:06 pm
MLS# 2026004766
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.
Located at 917 SE 47th Terrace in Cape Coral, Florida, this well-maintained two-story concrete commercial building offers approximately 8,600 square feet of versatile space designed to support a range of uses. The first floor is currently operated as a banquet hall and includes a full commercial kitchen with pantry, along with a conference room, reception/office area, four restrooms, and ample storage. The second floor features three large classrooms, additional office space, and two restrooms, with improvements including new flooring and ceiling tiles on that level.
The building provides two separate entrances and two stairways, allowing the second floor to be separated from the first floor for separate occupancy. Parking is described as plentiful, with ample spaces available in both the front and rear of the property.
Recent capital improvements include a new roof installed in 2023, new AC units, impact-resistant glass, and the above-mentioned interior updates on the second floor. The structure is described as having concrete trusses, supporting a durable build suitable for an owner-user or operator looking for multi-purpose flexibility. With the ability to occupy one level while leasing the other, this configuration may also fit tenants or buyers seeking a practical layout for hospitality, education, professional office, medical or wellness, or coworking-style uses, subject to applicable requirements.
The building provides two separate entrances and two stairways, allowing the second floor to be separated from the first floor for separate occupancy. Parking is described as plentiful, with ample spaces available in both the front and rear of the property.
Recent capital improvements include a new roof installed in 2023, new AC units, impact-resistant glass, and the above-mentioned interior updates on the second floor. The structure is described as having concrete trusses, supporting a durable build suitable for an owner-user or operator looking for multi-purpose flexibility. With the ability to occupy one level while leasing the other, this configuration may also fit tenants or buyers seeking a practical layout for hospitality, education, professional office, medical or wellness, or coworking-style uses, subject to applicable requirements.
Key Highlights
- Approx. 8,600 SF two‑story concrete commercial building built in 1975 in downtown Cape Coral
- First floor banquet hall setup with full commercial kitchen, pantry, conference room, reception/office, 4 restrooms, and ample storage
- Second floor offers 3 large classrooms, additional office space, and 2 restrooms; includes separation potential from the first floor
Local Financial Insights For Specialty Retail
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 | $185.8k | $21.60 |
| − Vacancy | −$3.7k | −$0.43 |
| EGI | $182.0k | $21.17 |
| − OpEx | −$45.5k | −$5.29 |
| NOI | $136.5k | $15.88 |
8,600 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,534 @ 7.0% cap · market cap 6.50%
Second Best
Office B
$1.74M
$1.52M – $2.03M
NOI $121,712 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,204 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
America's Boating Club/Cape ...
Boat Club
Cape Coral Power ...
Boating Instructor
Royal Portable Toilets
Production Facility
Royal Portable Toilet ...
Production Facility
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FAQs
What type of property is this?
Office building - Flexible two-level downtown building with a banquet-ready kitchen, classrooms, ample parking, and separable entrances.
Where is this office building located?
The property is located at 917 SE 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approx. 8,600 SF two‑story concrete commercial building built in 1975 in downtown Cape Coral; First floor banquet hall setup with full commercial kitchen, pantry, conference room, reception/office, 4 restrooms, and ample storage; Second floor offers 3 large classrooms, additional office space, and 2 restrooms; includes separation potential from the first floor
