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    Fully Leased Retail Drug Store Title is generated by Realmo AI

    1751 NE Pine Island Road, Cape Coral, FL 33909

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    Fully leased retail drug store asset available for sale, offering a hands-on, stable investment profile for appropriate buyers.

    Type:Retail
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 7:22 am

    Property Features for 1751 NE Pine Island Road

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    Properties For Sale

    at 1751 NE Pine Island Road Contact us

    We can help!

    Listing Contact
    Bob Pekol
    Bob Pekol

    Listing agent Bob Pekol License #649251

    Listing office LQ Commercial - Corporate

    Listing date Jun 2, 2026

    Source Lqcre

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

    All listing content including descriptions, pricing, images are the copyrighted material of LQ Commercial - Corporate

    HighLights

    • Retail drug store asset built in 1998
    • Property is fully leased

    Overview

    This listing presents a fully leased retail drug store with convenience and grocery retail positioning. The property is offered for sale with current occupancy in place, making it suitable for investors seeking an income-producing commercial asset rather than a redevelopment or lease-up scenario.

    The property is located at 1751 NE Pine Island Road in Cape Coral, Florida. As marketed, it operates as a retail neighborhood destination aligned with drug store and convenience-focused shopping needs.

    Given the current “fully leased” status, this asset may appeal to buyers looking for steady cash flow backed by an operating retail tenant. Buyers and brokers will typically evaluate the lease terms, remaining term, rent structure, and tenant responsibility details during due diligence to confirm suitability for their investment objectives.
    Location Intelligence

    Current Use by Public Records

    FedEx Authorized ShipCenter Postal Service Supercuts Barber Shop TK Nails Nail Salon SW Florida Transporter ... Auto Repair Shop Hearing Centers of Southwest ... Hearing Aid Store

    Suggested Use

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

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

    Similar Places Nearby

    • Caloosa Pharmacy — 428 Del Prado Blvd N #111, Cape Coral, FL 33909
    • Maritza E. Perez, RPH — 505 Del Prado Blvd N, Cape Coral, FL 33909
    • CVS Pharmacy — 1611 Pine Island Rd, Cape Coral, FL 33909, United States
    • Jacob Peplow — 1890 NE Pine Island Rd, Cape Coral, FL 339091733
    • CVS Pharmacy — 1890 NE Pine Island Rd, Cape Coral, FL 33909

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9368915
    Latitude
    26.6713991

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    FAQs

    What type of property is this?
    Drug store - Fully leased retail drug store asset available for sale, offering a hands-on, stable investment profile for appropriate buyers.
    Where is this drug store located?
    The property is located at 1751 NE Pine Island Road Cape Coral, FL.
    What are key features of this property?
    This property features: Retail drug store asset built in 1998; Property is fully leased
    (239) 872-7777
    We can help!
    Listing Contact
    Bob Pekol
    Bob Pekol
    Real Estate License ID: 649251
    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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