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    1517 SW 11Th Ave, Unit unit 140 & 141 Cape Coral, FL 33991

    View on Map
    Sponsored
    For Sale
    $448,220

    COMMERCIAL - Cape Coral, FL

    Property size:
    1,352 SF
    Days on Market:
    41
    Last Refresh:
    Mar 23 at 8:06 pm

    Property Features for 1517 SW 11Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    22-44-23-C3-02000.0010
    Size
    1,352 SF

    Building Details

    Year built
    2025
    Floors in Building
    1

    We can help!

    Listing Contact
    Jake Stoutenburgh

    Royal Shell Real Estate, Inc.

    Listing agent Jake Stoutenburgh License #497500434

    Listing date Feb 10, 2026

    MLS# 2026006633

    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.

    Learn more

    Property Insight Report

    Overview

    Luxury Garage Community Units

    Units 140 & 141 at The Caves at Trafalgar offer a rare side-by-side opportunity within a luxury garage community in Cape Coral, designed for automotive, boating, and lifestyle enthusiasts. These combined units provide an expansive 52-foot width by 26-foot depth, totaling 1,352 square feet of versatile space. Featuring large overhead garage doors, the layout is ideal for boat storage, RV storage, oversized vehicles, trailers, or specialty collections. The wide configuration allows for access, maneuverability, and flexible use options. Located within a gated and secure compound, The Caves at Trafalgar provides access to shared amenities including a private owner's lounge, vehicle wash bay, security camera system, Wi-Fi and cable. Each garage includes large roll-up doors, private HVAC systems, and 50 AMP power outlets. Units 140 and 141 are mezzanine-capable, offering the option to add a walk-up mezzanine to create additional usable space for a lounge, office, or storage. Optional private bathrooms and utility sink configurations are available. The units are suitable for vehicle storage, workshops, entertaining, or business use. Located at 1007 Trafalgar Parkway, Cape Coral, the property has access to major roadways, marinas, and Southwest Florida amenities. Various upgrade options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Enterprise Rent-A-Car

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.997754
    Latitude
    26.623437

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    FAQs

    What type of property is this?
    Parking lot & garage - Rare side-by-side units in Cape Coral's premier garage community.
    Where is this parking lot & garage located?
    The property is located at 1517 SW 11Th Ave, Unit unit 140 & 141 Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $448,220.
    What are key features of this property?
    This property features: - Rare side-by-side units (140 & 141) offering a combined 1,352 sq ft of space (52' x 26').; - Ideal for boat, RV, and oversized vehicle storage with large overhead doors and easy access.; - Located in The Caves at Trafalgar, a fully gated and secure luxury garage community.
    (239) 745-5333
    Request Owner's contact information
    1517 SW 11Th Ave, Unit unit 140 & 141 Cape Coral, FL 33991
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    Cape Coral, FL 33991
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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
    1517 SW 11Th Ave, Unit unit 140 & 141 Cape Coral, FL 33991
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    We can help!
    Listing Contact
    Jake Stoutenburgh
    Real Estate License ID: 497500434
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