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    Property profile & analytics

    4429 15Th Pl Cape Coral, FL 33914

    • Commercial real estate
    • 0.23 lot acres
    For Sale
    View listing
    $140,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0107961
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4429 15Th Pl

    Lot size
    0.23 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.23-acre residential lot presents a fantastic opportunity in the desirable Cape Coral, Florida, market. Located at 4429 SW 15th Pl, zip code 33914, this vacant land is perfectly situated within Lee County, offering convenient access to local amenities and attractions. The property's address is clearly defined as 4429 SW 15th Pl, Cape Coral, FL 33914, providing ease of location verification. With its generous 0.23 acres of land, this parcel provides ample space for building your dream home. The lot is classified as residential, making it ideal for single-family home construction. Buyers will appreciate the convenience of this location within Cape Coral, a vibrant city known for its beautiful waterways and thriving community. The asking price for this prime piece of real estate is $140,000, representing a compelling investment opportunity in a sought-after Florida location. This property is ready for immediate development, allowing for quick construction and occupancy. The coordinates for the property are latitude 26.5680027 and longitude -82.0054757. This is a rare chance to acquire a residential lot in a highly desirable area of Cape Coral, offering a blank canvas for your future home. Don't miss this chance to build your dream home in sunny Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -82.0054757
    Latitude
    26.5680027

    Comparable in this City

    • $1,350,000
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      Prime Cape Coral Development Land

      1.17-Acre Residential Lot, Gulf Access
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      Cape Coral Multi-Family Land

      Freshwater canal multi-family land suitable for up to 5 units.
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    • $249,000
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      Cape Coral R3-D Zoned Land

      Oversized corner lot zoned R3-D in Southwest Cape Coral.
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    • $250,000
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      Cape Coral Oversized Corner Lot

      Oversized corner lot with approved plans for five apartments.
      3915 Skyline Blvd, Cape Coral, FL 33914
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    • $2,800,000
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      Multifamily Building with Vacant Lot

      Six-unit building with vacant lot near Cape Coral Pkwy.
      415/421 SW 47Th Ter, Cape Coral, FL 33914
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    • $263,000
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      Cape Coral Multi-Family Land

      Freshwater canal multi-family land suitable for up to 5 units.
      1001 Gleason Pkwy, Cape Coral, FL 33914
      View Details

    Similar Nearby for Sale

    • $140,000
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      Cape Coral Residential Land for Sale

      Build Your Dream Home on 0.24 Acres
      4627 15Th Pl, Cape Coral, FL 33914
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    • $1,400,000
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      Cape Coral Land Opportunity

      Residential land approved for 18 units with gulf access.
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    • $175,000
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      Cape Coral Double Lot

      Prime double lot zoned for 2-3 units in Cape Coral.
      1211 Gleason Pkwy, Cape Coral, FL 33914
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    • $1,350,000
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      Prime Cape Coral Development Land

      1.17-Acre Residential Lot, Gulf Access
      3117 Santa Barbara Blvd, Cape Coral, FL 33914
      View Details
    • $250,000
      0.36 Acres

      Cape Coral Oversized Corner Lot

      Oversized corner lot with approved plans for five apartments.
      3915 Skyline Blvd, Cape Coral, FL 33914
      View Details
    • $263,000
      0.34 Acres

      Cape Coral Multi-Family Land

      Freshwater canal multi-family land suitable for up to 5 units.
      929 Gleason Pkwy, Cape Coral, FL 33914
      View Details

    Similar Nearby for Lease

    • $565 /Mo
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      Class A Office Suites Available

      Executive suites with included amenities in a prime location.
      4706 Chiquita Blvd S, Cape Coral, FL 33914
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    • Contact for pricing
      23,740 SF

      Office Suites in Cape Coral

      Office suites available with included amenities in a prime location.
      725 Cape Coral Pkwy W, Cape Coral, FL 33914
      View Details
    • $24 SF/Yr
      1,100 SF

      Downtown Cape Coral Commercial Space

      1,100 SF commercial space in high-traffic downtown Cape Coral.
      1303 SE 47Th Ter, Cape Coral, FL 33914
      View Details
    • $22 SF/Yr
      1,284 SF

      Office Space in Bidwell Plaza

      Office space available for rent in high-traffic Bidwell Plaza.
      1715 Cape Coral Pkwy W, Cape Coral, FL 33914
      View Details
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    4429 15Th Pl
    Cape Coral, FL 33914
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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.

    More about this property
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