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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1327 Lafayette St Cape Coral, FL 33904-9709

    • Strip malls
    • 3,500 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2022
    $455,000
    Value Estimations
    $465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0765131
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Billing Gurus / Medical Billing Service
    • Lee County Laundromat / Laundromat / Laundry Service
    • Estrella Beauty Salon / Beauty Salon
    • Plug and Play office / Corporate Office
    • Refuge Salon & Beauty Lounge / Beauty Salon

    Property Details for 1327 Lafayette St

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    3,500 SF
    Zone code
    SC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    18-45-24-C2-00067.0330
    APU
    184524C2000670330

    Description

    This exceptional retail opportunity is situated in the vibrant heart of downtown Cape Coral, Florida. The property, located at 1327 Lafayette Street, boasts a total of 3,500 square feet across three suites, offering a flexible layout ideal for a variety of service-based businesses. One suite, measuring 1,200 square feet, is currently available for lease. This space presents a fantastic chance to establish a presence in a high-traffic area. The building, constructed in 1972, sits on a sizable 1.4-acre lot and provides ample parking with 5 spaces available. The zoning is commercial, ensuring a wide range of permitted uses. The minimum divisible space is 1,200 square feet, and the maximum contiguous space available is also 1,200 square feet. This location in Lee County, Florida (zip code 33904), offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving downtown location. The property's convenient location and ample space make it an ideal choice for businesses looking to expand or establish themselves in a bustling commercial area. The 1,200 square foot unit is ready for immediate occupancy. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $475,000
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $425,000
      Market price range: $213k - $848k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9476
    Latitude
    26.5619
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,739
    $98,681
    $469,650
    $568,331
    -
    $98,681
    $469,650
    $568,331

    Comparable in this City

    • Value Estimation
      $1,700,000
      6,455 SF

      4635 Coronado Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,455 SF
      4635 Coronado Pkwy, Cape Coral, FL 33904-8809
      View Details
    • Value Estimation
      $305,000
      2,460 SF

      2816 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 2,460 SF
      2816 Del Prado S Blvd, Cape Coral, FL 33904-7285
      View Details
    • Value Estimation
      $2,525,000
      800 SF

      4515 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 800 SF
      4515 Del Prado S Blvd, Cape Coral, FL 33904-7464
      View Details
    • Value Estimation
      $3,240,000
      17,882 SF

      4720 15th Ave

      SHOPPING CENTER, STRIP CENTER • 17,882 SF
      4720 15th Ave, Cape Coral, FL 33904-9654
      View Details
    • Value Estimation
      $325,000
      3,450 SF

      1017-1021 Cpe Coral E Pkwy

      SHOPPING CENTER, STRIP CENTER • 3,450 SF
      1017-1021 Cpe Coral E Pkwy, Cape Coral, FL 33904
      View Details
    • Value Estimation
      $400,000
      7,040 SF

      516 47th Ter

      SHOPPING CENTER, STRIP CENTER • 7,040 SF
      516 47th Ter, Cape Coral, FL 33904-8589
      View Details

    Similar Nearby for Sale

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      Cape Coral Car Wash Business

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      Cape Coral Retail Investment Property

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      Cape Coral Commercial Opportunity

      Versatile commercial property in thriving Cape Coral location.
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    • $1,195,000
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      Cape Coral Retail Building For Sale

      Turnkey retail building in downtown Cape Coral with high traffic.
      1220 Lafayette St, Cape Coral, FL 33904
      View Details
    • $2,000,000
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      Cape Coral Restaurant Investment Opportunity

      High CAP Rate restaurant property with stable tenants in Cape Coral.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Del Prado

      Retail space with high visibility on a major thoroughfare.
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      View Details
    • $25 SF/Yr
      12,857 SF

      Retail Space in Downtown Cape

      Retail space available in a busy Cape Coral shopping center.
      1000 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • $15 SF/Yr
      4,000 SF

      Retail Space on Del Prado

      Retail space with high visibility and traffic count.
      4515 Del Prado Blvd S, Cape Coral, FL 33904
      View Details
    • $3,500 /Mo
      6,839 SF

      Retail Space in Cape Coral

      Retail space available with signage on Cape Coral Parkway.
      1025 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • Contact for pricing
      3,919 SF

      Cape Coral Retail Opportunity

      Retail space with drive-thru and ample parking available for rent.
      915 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • $3,800 /Mo
      Pending

      Cape Coral Commercial Space Available

      Restaurant/Bar space for rent in South Cape District.
      1307 SE 47Th Ter, Cape Coral, FL 33904
      View Details
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    1327 Lafayette St
    Cape Coral, FL 33904-9709
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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