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    Cape Coral Duplex: Income Potential
    $399,000
    0.23 Acres

    Cape Coral Duplex: Income Potential

    Well-kept duplex in Cape Coral, ideal for investors or homeowners.

    518-520 SE 6Th Pl, Cape Coral, FL 33990
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    Lehigh Acres Oversized Lot
    $45,000
    0.50 Acres

    Lehigh Acres Oversized Lot

    Spacious lot in desirable Lehigh Acres neighborhood, ideal for building.

    814 Fitch Ave, Lehigh Acres, FL 33972
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    Lehigh Acres Corner Lot
    $37,000
    0.35 Acres

    Lehigh Acres Corner Lot

    Oversized corner lot, partially cleared, ready for new home.

    1000 Gleason St, Lehigh Acres, FL 33974
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    Port Charlotte Land For Sale
    Contact for pricing
    0.23 Acres

    Port Charlotte Land For Sale

    Land available in a rapidly growing Port Charlotte area.

    311 Craemer St, Port Charlotte, FL 33953
    View details
    Bonita Springs Cleared Oversized Lot
    $369,000
    0.36 Acres

    Bonita Springs Cleared Oversized Lot

    0.36-acre cleared lot in the heart of Bonita Springs.

    10010 W Terry St, Bonita Springs, FL 34135
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    Bonita Springs Multifamily Development Opportunity
    $549,800
    0.28 Acres

    Bonita Springs Multifamily Development Opportunity

    Cleared, build-ready multifamily lot near beaches in Imperial Shores.

    4418 Mariner Rd, Bonita Springs, FL 34134
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    Lehigh Acres Land For Sale
    Contact for pricing
    0.50 Acres

    Lehigh Acres Land For Sale

    Affordable 0.5 acre lot, close to shopping and Fort Myers.

    1114 Moore Ave, Lehigh Acres, FL 33972
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    Gulf Access Lot For Sale
    $185,000
    0.24 Acres

    Gulf Access Lot For Sale

    Residential land in NW Cape Coral, gulf access, build opportunity.

    1511 NW 34Th Ave, Cape Coral, FL 33993
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    Oversized Corner Lot in Cape Coral
    $160,000
    0.38 Acres

    Oversized Corner Lot in Cape Coral

    Desirable corner lot perfect for building a dream home.

    516 SW 30Th Ter, Cape Coral, FL 33914
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    Residential Lot in Port Charlotte
    Contact for pricing
    0.23 Acres

    Residential Lot in Port Charlotte

    0.23-acre residential lot near shopping, dining, schools, golf, beaches.

    12133 Judson Ave, Port Charlotte, FL 33953
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    Residential Land in Punta Gorda
    Contact for pricing
    0.17 Acres

    Residential Land in Punta Gorda

    Land for residential development in a serene Punta Gorda setting.

    13541 Sulky Dr, Punta Gorda, FL 33955
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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.25 Acres

    Residential Lot in Lehigh Acres

    Vacant land in a growing Southwest Florida community.

    2706 49Th St W, Lehigh Acres, FL 33971
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    Updated Townhouse in Cal Young
    $295,000

    Updated Townhouse in Cal Young

    Updated townhouse with wooded views in North Eugene's Cal Young.

    1726 Minda Dr, Eugene, OR 97401
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    Port Charlotte Land Opportunity
    Contact for pricing

    Port Charlotte Land Opportunity

    Land for sale in a rapidly growing Port Charlotte area.

    311 Craemer St, Port Charlotte, FL 33953
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    Land For Sale
    Contact for pricing

    Land For Sale

    Land available in Charlotte County.

    13541 Sulky Dr, Punta Gorda, FL 33955
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    Smart Realty of Florida
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Smart Realty of Florida
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