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    1302 Cape Coral, FL 33990

    For Sale
    $850,000

    Four lots, build eight units, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity encompasses four contiguous lots totaling 40,992 square feet in desirable Cape Coral, Florida. Ideally situated for multifamily development, this property is zoned to allow the construction of four duplexes, resulting in a total of eight residential units. The lots are conveniently located with easy access to Country Club Blvd, Cultural Parkway, and Nicholas Parkway, offering excellent connectivity and visibility. A significant advantage is the property's location outside of any designated flood zone (X-500), mitigating potential flood-related risks and reducing insurance costs. All necessary infrastructure is in place, with water and sewer services readily available and all associated assessments fully paid, eliminating upfront infrastructure expenses. Each lot possesses its own individual strap number, simplifying the development process. This combined offering presents a rare chance to acquire a substantial parcel of land perfectly suited for immediate development, promising a strong return on investment. The asking price for all four lots is $850,000. The property is located at 1302 in Cape Coral, Lee County, Florida, zip code 33990.

    Property Features for 0 1302

    General Information

    Property type
    Specialty properties

    HighLights

    • Asking price: $850,000
    • Property type: Special Purpose, four contiguous lots totaling 40,992 square feet, suitable for four duplexes.
    • Located in Cape Coral, FL (Lee County, zip code 33990), with easy access to major roadways.
    • Not in a designated flood zone (X‑500); water and sewer available, assessments paid.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9425701
    Latitude
    26.6272788

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    FAQs

    What type of property is this?
    Specialty property - Four lots, build eight units, prime location
    Where is this specialty property located?
    The property is located at 1302 Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Asking price: $850,000; Property type: Special Purpose, four contiguous lots totaling 40,992 square feet, suitable for four duplexes.; Located in Cape Coral, FL (Lee County, zip code 33990), with easy access to major roadways.
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    Realmo Value Estimation

    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.

    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.

    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
    1302 Cape Coral, FL 33990
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