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    Cape Coral Investment Opportunity Title is generated by Realmo AI

    1036 NE Pine Island Road, Cape Coral, FL 33909

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    Claim this Listing
    Pending
    $4,250,000

    SINGLE_FAMILY - Cape Coral, FL

    Type:Office
    Property size:
    50,000 SF
    Lot size:
    2.85 Acres
    Added:
    Jul 10, 2025
    Days on Market:
    304
    Last Refresh:
    May 9 at 8:06 pm

    Property Features for 1036 NE Pine Island Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Pending
    APN
    07-44-24-C1-007Q0.0000
    Size
    50,000 SF
    Lot size
    2.85 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CAPE CORAL COMMERCIAL CTR PB 32 PG 123 - TRACT Q LESS R/W OR 2607 PG 0862
    Tax Annual Amount
    33364

    Building Details

    Year built
    1983
    Floors in Building
    1

    We can help!

    Listing Contact
    Phil Deems

    Listing agent Phil Deems License #252000244

    Listing office Phil Deems Real Estate 2804 Del Prado Boulevard No. 202, Cape Coral, FL

    Listing date Jul 10, 2025

    MLS# 225062577

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 50,000 sq. ft. out parcel offers opportunities for leasing, sale, or construction.
    • Direct access with a curb cut when traveling East on Pine Island Road (right in and right out).
    • Below‑market rents provide exceptional up‑side investment potential.
    • Very little deferred maintenance.
    • Buyer to negotiate lease with existing 'First Class Air Conditioning' tenant (occupying 4,000 sq. ft. +/-) prior to closing.
    • Built in 1983.

    Overview

    This property presents an ideal investment opportunity with considerable upside potential. Current rents are below market value, and the property requires minimal deferred maintenance. A significant asset is the 50,000 sq. ft. outparcel, offering various options for the buyer, including leasing, selling, or constructing new buildings. The property benefits from direct access with a curb cut for eastbound traffic on Pine Island Road, providing convenient right-in and right-out access, a rare and valuable feature for tenants, deliveries, and customers. The buyer will need to negotiate a lease, rate, terms and conditions to keep the existing "FIRST CLASS AIR CONDITIONG" tenant in place prior to closing. They occupy approximately 4,000 sq. ft. The property is located in Cape Coral, FL, and the lot size is 2.854 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C & D Auto ... Car Dealership Super Granite Corp Building Supply Cape Auto Air Auto Repair Shop Cape Tire Shop ... (Bike/Boat/Book/etc) Store C & D Auto ... Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.953642
    Latitude
    26.66075

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    FAQs

    What type of property is this?
    Office building - Investment property with significant upside and development potential.
    Where is this office building located?
    The property is located at 1036 NE Pine Island Road Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 50,000 sq. ft. out parcel offers opportunities for leasing, sale, or construction.; Direct access with a curb cut when traveling East on Pine Island Road (right in and right out).; Below‑market rents provide exceptional up‑side investment potential.
    (239) 822-1101
    We can help!
    Listing Contact
    Phil Deems
    Real Estate License ID: 252000244
    Learn More
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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.

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    1036 NE Pine Island Road, Cape Coral, FL 33909
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