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Property profile & analytics
OFF-MARKET Estimated value $4,285,000
Flex space

847 9th Ter Cape Coral, FL 33990-3098

52,188 SF 1.89 ac lot Built 1979
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US19-0587254
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CrossFit Salvation Gym & Fitness Center
  • Harvard Marine Boat Part Supply House Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • creative canvas & cushion (Bike/Boat/Book/etc) Store
  • Miromar Screen Service LLC Computer & Electronic Repair Tech Support Center
  • Next level auto shop Auto Repair Shop
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
R & R Engineering Properties LLC · 6 yrs held
R & R Engineering Properties LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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