Industrial Zoned Two-Unit
For Sale
$1,300,000
918 SE 9TH LANE, Cape Coral, FL 33990
Two insulated warehouse units each feature a main bay with a high overhead door, plus private office and bathroom.
Property Size4,950 SF
Price / SF$260
Days on Market47
Property Features for 918 SE 9TH LANE
General Information
Standard status
Active
Size
4,950 SF
Property subtype
Commercial
Zoning
I
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$6,978
Building Details
Building Size
4,950 SF
Year Built
1988
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
LUXURY ORLANDO REAL ESTATE
(407) 271-0536
Listed By:
Anthony Giuffrida, PA · License #3316708
(407) 271-0536
Source:
Mbifloridarealty
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 23 at 9:56AM
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 LUXURY ORLANDO REAL ESTATE
Investment Insights
Based on property information with market context.
This industrial zoned property is set up as a two-unit warehouse building with approximately 5,000 total square feet. Each unit has its own main bay with a high overhead door opening into a fully insulated warehouse area. Both units also include dedicated office space and a bathroom, providing separated, self-contained layouts. The property is enclosed with a security fence and gate and is described as a low-maintenance building.
The site is centrally located in Cape Coral near Fort Myers and is waterfront on a saltwater canal. The surrounding area includes neighboring properties with boat docks and boat lifts already in place and permitted.
From a tenant-ready standpoint, the configuration supports independent warehouse access for each unit, with separate offices and restrooms within the building.
The site is centrally located in Cape Coral near Fort Myers and is waterfront on a saltwater canal. The surrounding area includes neighboring properties with boat docks and boat lifts already in place and permitted.
From a tenant-ready standpoint, the configuration supports independent warehouse access for each unit, with separate offices and restrooms within the building.
Key Highlights
- 1988‑built Cape Coral industrial warehouse set up as a 2‑unit building totaling almost 5,000 SF
- Each unit has its own fully insulated warehouse main bay with a high overhead door
- Each unit includes a private office and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,019,600
$1.0M
Cap Rate 7%
$728,286
$728.3K
Cap Rate 9%
$566,444
$566.4K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$63.0K $12.60/SF
− Vacancy
−$3.0K −$0.60/SF
EGI
$60.0K $12.00/SF
− OpEx
−$9.0K −$1.80/SF
NOI
$51.0K $10.20/SF
Area
Cape Coral, FL
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,019,600
Cap Rate 7%
$728,286
Cap Rate 9%
$566,444
Alternative Uses
Best Use
Warehouse
$728.3K
$637.3K – $849.7K
NOI $50,980 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,816 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- X-S Storage — SE 8th Pl, Cape Coral, FL 33990
- A1 Shelters Self Storage Inc — 1014 SE 12th Pl, Cape Coral, FL 33990, United States
- Attic Storage — 911 SE 9th Terrace, Cape Coral, FL 33990
- All In One Professional Services, Inc. — Del Prado Mall, 1516 SE 14th St, Cape Coral, FL 33990
- Frank and Sons Moving and Storage Inc. /Movers Cape Coral and Fort Myers Florida — 1117 SE 12th Pl, Cape Coral, FL 33990
Frequently Asked Questions
What type of property is this?
Warehouse - Two insulated warehouse units each feature a main bay with a high overhead door, plus private office and bathroom.
Where is this warehouse located?
The property is located at 918 SE 9TH LANE Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1988‑built Cape Coral industrial warehouse set up as a 2‑unit building totaling almost 5,000 SF; Each unit has its own fully insulated warehouse main bay with a high overhead door; Each unit includes a private office and bathroom
