CAPE CORAL INVESTMENT INCOME PROPERTY - SINGLE TENANT

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.