Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    903-907 Cultural Park Boulevard Cape Coral, FL 33990

    View on Map
    Claim this Listing
    New
    For Sale
    $499,900

    LAND - Cape Coral, FL

    Lot size:
    0.64 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 23 at 5:06 pm

    Property Features for 903-907 Cultural Park Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-44-23-C2-00609.0090
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    CAPE CORAL UNIT 24 BLK 609 PB 14 PG 77 LOTS 7,8,9 THRU 11
    Tax Annual Amount
    4804

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    We can help!

    Listing Contact
    Otis Jonuskis
    Otis Jonuskis

    Listing agent Otis Jonuskis License #249514135

    Listing office Self Realty 9990 Coconut Road No. 254, Bonita Springs, FL

    Listing date Apr 22, 2026

    MLS# 2026018578 Listing URL

    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.

    Overview

    Cape Coral Gulf Access Land

    This commercial land is located in Cape Coral, Florida. The total vacant lot size is 27,990.00 square feet, which is approximately 0.64 acres. The property includes a gulf access lot with a seawall already installed. It is ready for a buyer to build a 10-unit project. The seller is willing to show a recently built 10-unit project as an example.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -81.958353
    Latitude
    26.635894

    Nearby Similar for Sale

    • $650,000

      Medical Office Condo Opportunity

      Medical office condo in grey shell condition with impact fees paid.
      217 Del Prado Boulevard S, Cape Coral, FL 33990
      View Details
    • $699,900

      Cape Coral Medical/Professional Office Condo

      6,300 SF medical/professional office condo in desirable Cape Coral location.
      1708 Cape Coral Parkway W, Cape Coral, FL 33914
      View Details
    • $899,000

      Cape Coral Investment Opportunity

      Prime commercial building in Downtown Cape location with immediate income.
      820 Cape Coral Parkway E, Cape Coral, FL 33904
      View Details
    • $12,495,000

      Historic Cape Coral Shopping Center

      Long-established shopping center with diverse tenants and redevelopment potential.
      1201-1317 Cape Coral Parkway E, Cape Coral, FL 33904
      View Details
    • $1,200,000

      Cape Coral Commercial Opportunity

      Well-maintained commercial property in a desirable Cape Coral location.
      434 SE 47th Terrace, Cape Coral, FL 33904
      View Details
    • $445,000

      Cape Coral Commercial Land Available

      Prime commercial C3 zoned industrial land in Cape Coral, Florida.
      2511 Diplomat Parkway E, Cape Coral, FL 33909
      View Details
    • $985,000

      Cape Coral Industrial Flex Opportunity

      Industrial flex building with two units and income potential.
      909 SE 13th Place, Cape Coral, FL 33990
      View Details
    • $860,000
      4,660 SF

      Cape Coral Four-Unit Investment Property

      Well-maintained four-unit property with income potential and recent upgrades.
      513 SE 24th Ave, CAPE CORAL, FL 33990
      View Details
    • $529,900

      Cape Coral Income-Producing Duplex

      Income-producing duplex near Skyline Blvd with city water and sewer.
      4137/4139 SW 8th Place, Cape Coral, FL 33914
      View Details
    • $499,999

      Prime Commercial Lot on Burnt

      Vacant commercial lot with high visibility and strong traffic exposure.
      528-600 Burnt Store Road N, Cape Coral, FL 33993
      View Details
    • $1,072,000

      Cape Coral Two-Unit Building For Sale

      Two-unit building in Cape Coral's CRA district with flexible zoning.
      1615 SE 47th Terrace, Cape Coral, FL 33904
      View Details
    • $1,700,000

      Established Restaurant with Upside Potential

      Successful Cape Coral restaurant with two bars and real estate.
      1303 Del Prado Boulevard S, Cape Coral, FL 33990
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot with seawall ready for 10-unit project.
    Where is this commercial land located?
    The property is located at 903-907 Cultural Park Boulevard Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Gulf access lot ready for your dream project.; Ready for buyer to build a 10‑unit project.; Seawall already installed.
    (239) 777-4741
    We can help!
    Listing Contact
    Otis Jonuskis
    Otis Jonuskis
    Real Estate License ID: 249514135
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!