Property profile

2901 Burnt Store Rd Cape Coral, FL 33993

FOR SALE
Commercial land
Property ID
US18-4720229
114.94 ac lot
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 17,800 square foot multi-tenant office building, located at 17 Watchung Avenue in Morris County, presents a fantastic opportunity for medical or professional businesses. The property boasts two immediately available suites: a 2,350 square foot first-floor space (Suite 100) featuring two restrooms and exam rooms, currently vacant as of June 30th, 2024, and a 950 square foot second-floor suite (Suite 202), also vacant. A total of 3,300 square feet is currently available for lease. The building includes a convenient elevator and ample parking on a large lot. A significant advantage is the all-inclusive rent structure; tenants will not incur separate charges for common area maintenance, property taxes, or utilities. This simplifies budgeting and provides predictable operating costs. The building's strategic location offers excellent accessibility to major transportation arteries, including Interstate 78 and Route 24, ensuring convenient commutes for employees and clients. This property is ideal for businesses seeking modern, well-maintained office space in a highly desirable Morris County location with a straightforward and cost-effective lease arrangement.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 114.94 ac (5,006,787 SF)
Zoning code NC NC NC
APN 29-43-23-C1-00001.0020
UPID US18-4720229

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2901 Burnt Store Rd Cape Coral, FL 33993
Cape Coral metro Census 10113 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2013
4 recorded transactions
2013
$673,300
2004
$7.1M
2002
$198,700
1969
Price N/A

Zoning & alternative use

NC NC NC · Cape Coral, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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