Property profile

847 9th Ter Cape Coral, FL 33990

OFF-MARKET
Flex space
Property ID
US19-0587254
52,188 SF 1.89 ac lot Built 1979
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 50,000-square-foot industrial property in Cape Coral, Florida, presents a unique investment opportunity. Located in the desirable Mid-Cape Industrial area, this single-story, 1979-built building offers three available spaces ranging from 2,500 to 10,650 square feet, perfect for a variety of businesses. The property features a 24-foot ceiling height, 12' x 14' overhead doors, and abundant natural light enhanced by 66 new skylights. The building is fully sprinklered and equipped with 3-phase 400 AMP power. Recent upgrades include a new TPO roof, energy-efficient LED lighting, fresh exterior paint, and new overhead doors. Its convenient drive-thru design and location near Cape Coral City Hall and the Police Department, just west of Del Prado Boulevard, ensures easy access to major roadways. The property is zoned IL (Industrial Light) and sits within Lee County, Florida, at 847 SE 9th Terrace, Cape Coral, FL 33990. This professionally managed facility offers a combination of warehouse and flex space, making it an ideal choice for businesses seeking a functional and well-maintained space in a prime location. The property's strategic location and recent improvements make it a highly attractive option for businesses seeking a modern and efficient workspace.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1979
Construction STEEL FRAME
Total area 52,188 SF
Lot 1.89 ac (82,500 SF)
Zoning code I-1
APN 19-44-24-C1-00766.0200
UPID US19-0587254

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Computer & Electronic Repair Tech Support Center
  • Auto Repair Shop

Location

847 9th Ter Cape Coral, FL 33990-3098
Cape Coral metro Census 10307 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.71M
Blend (final) Blend
$4.29M

Owner & transaction history

since 2019
5 recorded transactions
2019
$4.1M
2005
$2.9M
2003
$2.0M
1994
$578,000
1969
Price N/A

Zoning & alternative use

I-1 · 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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