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

    1036 NE Pine Island Rd Cape Coral, FL 33909

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Investment opportunity with significant upside and development potential.

    Lot size:
    2.85 Acres

    Property Features for 1036 NE Pine Island Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.85 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Phil Deems
    Source: Elliman

    Listing Agent: Phil Deems

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multifamily Property with Development Potential

    This multifamily property presents an ideal investment opportunity with exceptional upside potential. Rents are currently below market rates, and the property exhibits minimal deferred maintenance. A significant asset is the 50,000 square foot outparcel, offering various opportunities for the buyer, including leasing, selling, or constructing various types of buildings. 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 square feet. 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. This direct access is a rare and valuable benefit for tenants, deliveries, and customers.
    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
    -81.9536417
    Latitude
    26.6607498

    Nearby Similar for Sale

    • $899,000
      2,100 SF

      Cape Coral Investment Opportunity

      Prime commercial building in Downtown Cape location with immediate income.
      820 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse development suitable for various business uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse units suitable for various business uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • New
      $1,350,000
      5,920 SF

      Cape Coral Mixed-Use Opportunity

      Two-story building in downtown Cape Coral, ideal for various businesses.
      1313 SE 47Th Ter, Cape Coral, FL 33904
      View Details
    • $2,400,000
      8,600 SF

      Versatile Commercial Building in Cape Coral

      Two-story building in downtown Cape Coral suitable for various uses.
      917 SE 47Th Ter, Cape Coral, FL 33904
      View Details
    • $399,000
      1,324 SF

      Cape Coral Flex Space Available

      Flex space in downtown Cape Coral, ready for occupancy.
      4519 SE 16Th Pl, Cape Coral, FL 33904
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Flex warehouse development suitable for business, storage, and professional uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse development in Cape Coral, Florida.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $450,000
      1,470 SF

      New Flex Warehouse Development

      Modern flex warehouse development suitable for various business uses.
      1520/1526 SW 9Th Pl, Cape Coral, FL 33991
      View Details
    • $650,000
      0.74 Acres

      Medical Office Condo Opportunity

      Medical office condo in grey shell condition with impact fees paid.
      217 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $1,072,000
      3,634 SF

      Cape Coral Two-Unit Building For Sale

      Two-unit building in Cape Coral's CRA district with flexible zoning.
      1615 SE 47Th Ter, Cape Coral, FL 33904
      View Details
    • $374,999
      0.50 Acres

      Established Print and Graphics Company

      Turn-key print and graphics company for sale in Cape Coral.
      229 Del Prado Blvd N, Cape Coral, FL 33909
      View Details

    FAQs

    What type of property is this?
    Apartment building - Investment opportunity with significant upside and development potential.
    Where is this apartment building located?
    The property is located at 1036 NE Pine Island Rd Cape Coral, FL.
    What are key features of this property?
    This property features: - Significant upside potential with below-market rents.; - Large 50,000 sq. ft. outparcel offers leasing, sale, or development possibilities.; - Direct access with a curb cut providing convenient right-in/right-out from Pine Island Road.
    Request Owner's contact information
    1036 NE Pine Island Rd Cape Coral, FL 33909
    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.
    1036 NE Pine Island Rd
    Cape Coral, FL 33909
    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
    1036 NE Pine Island Rd Cape Coral, FL 33909
    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
    Phil Deems
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!