Cape Coral Commercial and/or Storage Development Site
Cape Coral, FL
Asking price
$103,000
Units
681
Cap rate
—
Price / unit
$151
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Cape Coral Commercial and/or Storage Development Site Back to Results Cape Coral, FL Call Broker for Price This offering presents an opportunity to acquire a fully entitled, permit-ready self-storage development site in Cape Coral. The project is approved for a 3-story, climate-controlled facility totaling approximately 87,000 GSF | 67,750 RSF with 681 units, designed to meet growing demand in the surrounding submarket. The commercially zoned parcel also offers flexibility for alternative uses, including retail, professional office/services, restaurant, pharmacy, daycare/educational facilities, and other permitted commercial uses, providing additional development optionality beyond self-storage. See Page 8 for a list of permitted and conditional uses. All are subject to applicable zoning verification, requirements, and approvals. The site offers direct frontage along Santa Barbara Boulevard with ±16,100 cars per day and is positioned within the heart of the residential corridor of the Mariner neighborhoods featuring canal-front properties. The immediate area includes approximately 60,000 residents with an average household income of $103,000 within 3 miles. Additionally, the area continues to see residential expansion, supported by over 3,600 new residential units with a mix of single and multi-family developments nearby. Located in proximity to several shopping corridors, the property also benefits from convenient access to major retailers and daily amenities. With no self-storage competition within a two-mile radius and fully approved plans with active permits, the project offers a true shovel-ready opportunity. Call Broker for Price View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info Call Broker for Price 87,000 GSF 3-Story Contact Listing Broker Listing Broker Josh Koerner Coastal Storage Group, LLC 904-591-0140 Email Listing Broker Carrie Stowell Coastal Storage Group, LLC 904-386-4976 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 info@argus-realestate.com Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $103,000 |
|---|---|
| Units | 681 |
| Price per unit | $151 |
| Building size | 67,750 sq ft |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
