1418 8th Ter Cape Coral, FL 33993-7271
Property profile & analytics
1418 8th Ter Cape Coral, FL 33993-7271
- Commercial land
- 0.23 lot acres
Property ID
US19-0712646
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.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1418 8th Ter
- Lot size
- 0.23 lot acres
- Zone code
- P1
- Property type
- Commercial land
- APN
- 03-44-23-C4-02842.0210
- APU
- 034423C4028420210
Description
This exceptional 7-unit apartment building presents a compelling value-add investment opportunity in Cape Coral, Florida. The property, situated on a 0.46-acre lot at 1418 SE 8th Terrace, boasts 6,622 square feet of rentable space within a single, one-story building constructed in 1979. The unit mix includes four one-bedroom/one-bathroom and three two-bedroom/two-bathroom apartments, currently enjoying 100% occupancy. The asking price is $1,365,000, translating to $195,000 per unit and $206.13 per square foot. The property generates a current NOI of $74,625, representing a 5.47% cap rate, with a pro-forma NOI of $83,156 and a pro-forma cap rate of 6.09%. Its prime location near Viscaya Parkway and Del Prado Boulevard S offers convenient access to Cape Coral Hospital, Sun Splash Family Waterpark, Tarpon Point Marina, Cape Coral Historical Museum, Gulf Coast Town Center, and major employers like Lee Health Cape Coral Hospital and Publix Super Markets. The property's strong cash flow and potential for rental increases make it an attractive investment prospect in a desirable, family-oriented community known for its extensive canal system. The property is offered fee simple. This is a rare opportunity to acquire a well-located multifamily property in Cape Coral's thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -82.0043
- Latitude
- 26.6677
- 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
$2,853
$25,000
$0.00
$25,000
-
$25,000
$0.00
$25,000
