923 Del Prado Boulevard S Cape Coral, FL 33990
SINGLE_FAMILY - Cape Coral, FL
Property Features for 923 Del Prado Boulevard S
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Pending
- APN
- 20-44-24-C1-00300.1070
- Size
- 864 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- CORAL PROFESSIONAL COMPLEX OR 1620 PG 1151 UNIT 106
- Tax Annual Amount
- 1930
Building Details
- Year built
- 1982
- Floors in Building
- 1
Listing agent Phil Deems License #252010067 (239) 945-4540
Listing office Phil Deems Real Estate 2804 Del Prado Boulevard No. 202, Cape Coral, FL (239) 945-4545
Listing date Sep 1, 2024
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Investment Insights
Based on property information with market context.
Located in Southeast Cape Coral along Del Prado Boulevard S, the unit has windows facing east along SE 16th Place. Access is described as easy from both Del Prado Boulevard S and SE 16th Place, with good signage. Parking and signage are noted as strong benefits for customer and staff convenience.
This layout supports a range of professional office uses that need both front-facing reception space and dedicated rooms for meetings and focused work. With its conference room, multiple office areas, and built-in storage plus plumbing for a sink or kitchenette, the condo is well suited for tenants seeking a move-in-ready, compartmentalized office environment.
Key Highlights
- Remodeled office condo with new paint and wood laminate flooring.
- Located on Del Prado Blvd S in Southeast Cape Coral.
- Includes a conference room, private office, and semi‑private office.
Local Financial Insights For Office B
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 | $19.2k | $22.20 |
| − Vacancy | −$2.9k | −$3.33 |
| EGI | $16.3k | $18.87 |
| − OpEx | −$4.1k | −$4.72 |
| NOI | $12.2k | $14.15 |
