Cape Coral Parkway Office
725 Cape Coral Parkway W, Cape Coral, FL 33914
Corner lot office building with high traffic exposure.
Type:Special Purpose
Property size:
7,000 SFLot size:
0.50 AcresPrice / SF:
$228/SF- Added:
- Sep 11, 2024
- Days on Market:
- 666
- Last Refresh:
- Jul 2 at 7:56 am
Property Features for 725 Cape Coral Parkway W
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.50 Acres
- Property subtype
- Special Purpose
Listing office CENTURY 21 SUNBELT REALTY
Listing date Sep 11, 2024
Source Crexi
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 CENTURY 21 SUNBELT REALTY
HighLights
- High‑traffic location: Corner lot at Cape Coral Pkwy and Skyline Blvd with over 30,000 cars passing daily.
- Large office space: Almost 7,000 sqft on over half an acre.
- Multiple access points: Turn lane on Cape Coral Pkwy and access from Skyline Blvd.
- First floor: 17 private offices, 2 conference rooms, 2 bathrooms, large breakroom, expansive lobby.
- Second floor: Open space with 2 bathrooms and a kitchen area.
- Desirable Cape Coral location.
Overview
Located in Cape Coral, this property offers almost 7,000 square feet of office space on over half an acre of land. The building occupies a corner lot at the intersection of Cape Coral Parkway and Skyline Boulevard, benefiting from high traffic volume, with Lee County traffic reports indicating an average of over 30,000 cars passing through the intersection daily. Access is available via a turn lane on Cape Coral Parkway and from Skyline Boulevard through an alley on the north side of the building. The first floor features 17 private offices, two conference rooms, two bathrooms, a large breakroom area, an expansive lobby with a sitting area, and a reception space. The second floor provides an open space layout with two bathrooms and a kitchen area. This corner lot location on Cape Coral Parkway presents various possibilities.
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 | $155.4k | $22.20 |
| − Vacancy | −$23.3k | −$3.33 |
| EGI | $132.1k | $18.87 |
| − OpEx | −$33.0k | −$4.72 |
| NOI | $99.1k | $14.15 |
7,000 SF · lease $22.20/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,068 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,142 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
George Long REALTOR
Real Estate Agency
Century 21 Sunbelt ...
Real Estate Agency
Monika Wilson, Century ...
Real Estate Agency
Rosemary Gale Whisner, ...
Real Estate Agency
FL Realtor - Kathryn ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.9901594
- Latitude
- 26.5630482
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Corner lot office building with high traffic exposure.
Where is this office building located?
The property is located at 725 Cape Coral Parkway W Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High‑traffic location: **Corner lot at Cape Coral Pkwy and Skyline Blvd with over 30,000 cars passing daily.**; Large office space: **Almost 7,000 sqft on over half an acre.**; Multiple access points: Turn lane on Cape Coral Pkwy and access from Skyline Blvd.
