Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4637/4639 Pine Island Rd Matlacha, FL 33993

    Sponsored
    For Sale
    $1,500,000

    Iconic Matlacha location, waterfront retail opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    354
    This exceptional waterfront commercial property in the heart of historic Matlacha, Florida, presents a unique investment opportunity. Priced at $1,500,000, this compound comprises two parcels totaling 0.31 acres at 4637/4639 Pine Island Road NW. The property boasts 140 feet of direct waterfront access to Matlacha Pass and the Gulf of Mexico, less than two minutes from open water. The compound includes a substantial art gallery, a large studio (originally a two-bedroom home), and a cabana. Extensive outdoor space features a stage, gardens, and patios offering stunning views. While previously damaged by Hurricane Ian, the property has undergone remediation and is ready for redevelopment. Its prime location in Matlacha, recently recognized by TripAdvisor as a top travel destination, offers significant potential. The property's history and prominent location make it ideal for a variety of commercial uses, including a wedding venue or retail gallery, capitalizing on Matlacha's growing tourism. Note that this sale includes only the real estate

    Property Features for 4637/4639 Pine Island Rd

    General Information

    Property type
    Retail properties
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Char Seuffert

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Matlacha
    County
    Lee
    State
    Florida
    Longitude
    -82.0184
    Latitude
    26.6833

    Nearby Comparable

    • $74,500
      0.29 Acres

      Waterfront Lot Near Burnt Store

      Oversized waterfront lot near marina and upcoming resort.
      2105 NW 14Th Ln, Cape Coral, FL 33993
      View Details
    • $115,000
      0.29 Acres

      Commercial Land on Diplomat Pkwy E

      Four-lot assemblage with 100' frontage in a developing commercial corridor.
      1972 Diplomat Pkwy E, Cape Coral, FL 33909
      View Details

    Nearby Similar for Sale

    • $3,300,000
      Pending

      Matlacha Restaurant and Marina Property

      Unique restaurant and marina property in the heart of Matlacha.
      4520 Pine Island Rd NW, Matlacha, FL 33993
      View Details
    • $1,485,000
      0.30 Acres

      Remodeled Commercial Property in Matlacha

      Remodeled commercial property with high visibility and accessibility in Matlacha.
      4574 Pine Island Rd NW, Matlacha, FL 33993
      View Details
    • $549,999
      0.11 Acres

      Waterfront Triplex in Matlacha

      Income-generating triplex with Gulf access in Matlacha, Florida.
      4874 Pine Island Rd NW, Matlacha, FL 33993
      View Details
    • $664,900
      0.23 Acres

      Waterfront Duplex in Matlacha, Florida

      Waterfront duplex with gulf access, pool, and boat lift.
      2859 Cheryl St, Matlacha, FL 33993
      View Details
    • $530,000
      0.15 Acres

      Waterfront Lot in Matlacha, Florida

      Cleared 0.15-acre waterfront lot with canal frontage and open water views.
      2864 Triggerfish St, Matlacha, FL 33993
      View Details
    • $599,900
      Pending

      Historic Matlacha Corner Retail Opportunity

      High-traffic corner property in historic Matlacha, ideal for retail.
      4573 Pine Island Rd NW, Matlacha, FL 33993
      View Details
    • $750,000
      0.21 Acres

      Waterfront Commercial Property in Matlacha

      Income-producing commercial property with waterfront appeal in Pine Island.
      4547 Pine Island Rd NW, Matlacha, FL 33993
      View Details
    • $599,900
      0.11 Acres

      Matlacha Retail Corner, Prime Location

      Historic Seafood Market, High Traffic
      4573 Pine Island Rd, Matlacha, FL 33993
      View Details
    • $599,000
      884 SF

      Matlacha Marina Business Opportunity

      Historic Matlacha waterfront business, redevelopment potential.
      4573 Pine Island Rd, Matlacha, FL 33993
      View Details

    FAQs

    What type of property is this?
    Retail property - Iconic Matlacha location, waterfront retail opportunity.
    Where is this retail property located?
    The property is located at 4637/4639 Pine Island Rd Matlacha, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (239) 790-1177
    Request Owner's contact information
    4637/4639 Pine Island Rd Matlacha, FL 33993
    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.
    4637/4639 Pine Island Rd
    Matlacha, FL 33993
    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
    4637/4639 Pine Island Rd Matlacha, FL 33993
    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

    We can help!
    Listing Contact
    Char Seuffert
    (239) 790-1177
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.