Versatile Commercial Building in Cape
917 SE 47th Terrace, Cape Coral, FL 33904
COMMERCIAL - Cape Coral, FL
Type:Office
Property size:
8,600 SFLot size:
0.14 AcresPrice / SF:
$279/SF- Added:
- Jan 26, 2026
- Days on Market:
- 127
- Last Refresh:
- Jun 2 at 12:06 am
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
- Size
- 8,600 SF
- 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 agent Jack Martin License #278007007 (239) 707-9015
Listing office Century 21 Selling Paradise 3409 Del Prado Blvd S No. 103, FL (239) 542-5777
Listing date Jan 26, 2026
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.
HighLights
- Prime downtown Cape Coral location in a rapidly growing area with high visibility.
- Versatile two‑story building (approx. 8,600 sq ft) suitable for investors, owner‑users, or developers with a flexible layout supporting various commercial uses.
- Two separate entrances and stairways allow for easy separation of the first and second floors, enabling owner occupancy and tenant leasing for supplemental income.
- Ample parking available in both the front and rear of the property, a rare and valuable feature in the downtown core.
- Recent capital improvements including a new roof (2023), new AC units, impact‑resistant glass, and new flooring/ceiling tiles on the second floor, reducing near‑term maintenance costs.
- First floor features a full commercial kitchen and banquet hall setup, ideal for events, hospitality, or restaurant use.
Overview
Located in downtown Cape Coral, this two-story concrete building offers approximately 8,600 square feet of space suitable for a range of uses. The first floor, currently operating as a banquet hall with a full commercial kitchen and pantry, is suited for events, hospitality, restaurant, or adaptive commercial use. Additional first-floor amenities include a conference room, reception/office area, four restrooms, and ample storage. The second floor features three large classrooms, additional office space, and two restrooms, making it suitable for professional offices, educational facilities, medical or wellness uses, or co-working space. The building has two separate entrances and two stairways, allowing the second floor to be separated from the first. Ample parking is available in the front and rear of the property. The building has concrete trusses and recent capital improvements, including a new roof (2023), new AC units, impact-resistant glass, and new flooring and ceiling tiles on the second floor. The seller is open to financing options and would consider a leaseback of a portion of the space.
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 5.69%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,687 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,204 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
America's Boating Club/Cape ...
Boat Club
Cape Coral Power ...
Association / Organization
Royal Portable Toilets
Production Facility
Royal Portable Toilet ...
Production Facility
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.953198
- Latitude
- 26.563989
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-story building in downtown Cape Coral suitable for various uses.
Where is this mixed-use property 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 $2,400,000.
What are key features of this property?
This property features: Prime downtown Cape Coral location in a rapidly growing area with high visibility.; **Versatile two‑story building (approx. 8,600 sq ft) suitable for investors, owner‑users, or developers** with a flexible layout supporting various commercial uses.; Two separate entrances and stairways allow for easy separation of the first and second floors, enabling owner occupancy and tenant leasing for supplemental income.
