CAPE CORAL INVESTMENT INCOME PROPERTY - SINGLE TENANT
Property Overview
1323 Viscaya Parkway Cape Coral, Florida 33990
High visibility, two story professional office/medical building. Cape Coral commercial zoning (C) in place. Situated on Viscaya Parkway between Country Club Blvd. and Del Prado Blvd. First Floor: Four private offices, open bullpen /cubicle /desk area, full kitchen/break room, two rest rooms, lobby/reception/file room and separate waiting area. Second Floor: Large central meeting/training area with wet bar, conference room with wet bar, one large private office, and two bathrooms.
- Building Size: 4,865 ± SF (two stories 2,240 sf per floor, 385 sf lobby)
- Year Built: 1991
- Lot Size: .34± Acres (15,000sqft)
- Taxes: $10,406 (2025)
- NOI: $74,865
- Cape Rate: 6%
- Property Use: Professional Office, Medical
- Current Tenant: Multi state, tax /accounting service
- Zoning: C - Commercial (City of Cape Coral)
- Parking: 21 Spaces
- Utilities: Water & Sewer
- Traffic Count: 61,500 AADT (Viscaya and Del Prado)
- Strap #: 19-44-24-C2-00798.0720
Current tenant, No Worries Tax, a multi-location operator has 24 years in business. 4.8 stars on Google Reviews. Locations are in Cape Coral, Fl, Racine and Milwaukee WI. This offering presents a value-add opportunity with the current tenant paying below market rent. The lease is up for a two-year renewal option at four percent annual increase, with renewal notice by October 31,2026, and the lease expiring December 31,2026. The tenant has three additional two-year options available on identical terms. Investors have the potential to significantly increase the NOI by repositioning the lease to a NNN lease, or negotiating a buyout under the current terms, and placing a new tenant at market rates. An owner user could also consider the buyout option and keep the building for their own use/business.
Property Details
| For Sale: | Yes |
|---|---|
| Subtype: | Office: Office Building |
| Use Type: | Investment |
| Status: | Active |
| Street Address: | 1323 VISCAYA PARKWAY |
| City: | CAPE CORAL |
| Postal Code: | 33990 |
| County: | Lee |
| Construction Status: | Existing |
| Asking Sale Price: | $1,250,000 |
| Cap Rate: | 6% |
| NOI: | $74,865 |
| Terms: | Owner Financing |
| Building Size: | 4865 SF |
| Tenancy: | Single Tenant |
| Percent Occupied: | 100% |
| Number of Stories: | 2 |
| Construction Siding: | Concrete |
| Year Built: | 1991 |
| Land Size: | 0.34 Acres |
| Zoning: | C - Commercial (City of Cape Coral) |
| Road Type: | Paved |
| Space Subcategory: | Office: Office Building |
| Conference Rooms: | 1 |
| Offices: | 4 |
| Kitchen: | Yes |
| Parking Spaces: | 21 |
Area Description
Convenient central Cape Coral location along one of Cape Coral’s
primary commercial corridors. The surrounding area offers a population
of approximately 40,000 within a 2-mile radius. Cape Coral
Hospital is just a few blocks away.
