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    Kurt Melzer, Cape Coral, FL

    License ID: 252011310
    Select Realty Associates, Inc.
    Years of Experience
    17

    Contact details

    Phone:
    (239) 822-8878

    Performance

    Listings
    13
    Total transactions
    176
    Total transactions amount
    $14M
    Price range
    $53k - 120k
    Average price
    $80k

    Listings

    For Sale (13)

    View map
    • $70,000

      Cape Coral Canal Lot

      Canal lot in Cape Coral, new construction nearby.
      4103 Old Burnt Store Rd N, Cape Coral, FL 33993
      View Details
    • $120,000

      Commercial Land Parcel For Sale

      Commercial land parcel in a sought-after, high-traffic area.
      1307+1311 Skyline Blvd, Cape Coral, FL 33991
      View Details
    • $45,000

      Buildable Lot on Gator Slough

      Parcel on Gator Slough Canal with preserve behind it.
      815 Wilmington Pkwy, Cape Coral, FL 33993
      View Details
    • $85,000

      Commercial Lot in Central Location

      Commercial lot with city services in a central location.
      611 SW 4Th St, Cape Coral, FL 33991
      View Details
    • $260,000

      Commercial Lot in Growing Area

      Commercial lot in a superb location with high visibility.
      1462 Ceitus Ter, Cape Coral, FL 33991
      View Details
    • $55,000

      Waterfront Lot on Aldo Canal

      Waterfront lot with Western exposure in sought after area.
      1426 NE 21St Ave, Cape Coral, FL 33909
      View Details
    • $115,000

      Waterfront Lot at Canal Intersection

      Waterfront lot with southwest exposure and wide canal views.
      324 SW 13Th Ct, Cape Coral, FL 33991
      View Details
    • $95,000

      Cape Coral Land Parcel

      Land parcel in a desirable Cape Coral location.
      1310 SW 5Th Pl, Cape Coral, FL 33991
      View Details
    • $45,000

      Waterfront Land in Gator Circle

      Waterfront land in a rapidly developing community near Fort Myers.
      3912 NE 9Th Pl, Cape Coral, FL 33909
      View Details
    • $55,000

      Waterfront Land in Gator Circle

      Waterfront land in a developing community near Fort Myers.
      3729 NE 14Th Pl, Cape Coral, FL 33909
      View Details
    • $50,000

      Commercial Lot in Cape Coral

      Commercial land available in Northeast Cape Coral.
      1804 Kismet Pkwy E, Cape Coral, FL 33909
      View Details
    • $55,000

      Waterfront Land in Gator Circle

      Waterfront property in a developing community near Fort Myers.
      3923 NE 12Th Ave, Cape Coral, FL 33909
      View Details
    • $255,000

      Gulf Access Lot For Sale

      Southern exposure gulf access lot with no lock.
      208 SE 31St Ter, Cape Coral, FL 33904
      View Details

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    • For Sale

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    Kurt Melzer, Cape Coral, FL
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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.

    Alternative use

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

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    Kurt Melzer, Cape Coral, FL
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