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    2494 Liberty Park Dr Cape Coral, FL 33909
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    2494 Liberty Park Dr, Cape Coral, FL 33909

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    • Retail properties & Spaces
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2494 Liberty Park Dr

    Lot size
    4.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Drive through restaurants

    Description

    This exceptional commercial property presents a rare opportunity to establish a presence in the thriving Cape Coral market. Located at 2494 Liberty Pk Dr, Cape Coral, FL 33909, this development offers four freestanding retail suites available for lease or sale, perfect for businesses seeking high visibility and convenient access. The site boasts a total of 7,260 square feet of vacant space, divisible into units ranging from a minimum of 1,650 square feet to a maximum contiguous space of 4,950 square feet. The property sits on four acres of land, zoned for commercial use (APN: 04-44-24-C1-19000.0030), and is conveniently located at the intersection of Pine Island Rd & NE 24th Ave. This single-story Class B building is ideal for a variety of retail uses, and the design includes the potential for drive-thru capabilities, enhancing operational efficiency and customer convenience. The property's location within the Cape Coral submarket of Lee County, Florida, provides excellent access to a growing population and strong consumer base. This is a prime opportunity for businesses seeking a new build-to-suit option or a ready-to-occupy space in a high-traffic area. Don't miss this chance to secure your place in this dynamic retail corridor. Contact us today to learn more about this exciting development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9227
    Latitude
    26.6768

    Comparable in this City

    • Value Estimation by Request
      7,260 SF

      2494 Liberty Park Dr

      Day care centers
      2494 Liberty Park Dr, Cape Coral, FL 33909
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    • Value Estimation
      $1,350,000
      3,347 SF

      22 Pne Is Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      22 Pne Is Rd, Cape Coral, FL 33909-2560
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    • Value Estimation
      $660,000
      2,997 SF

      1652 Pne Is Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1652 Pne Is Rd, Cape Coral, FL 33909-1730
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    • Value Estimation
      $550,000
      2,499 SF

      3051 Pne Is Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      3051 Pne Is Rd, Cape Coral, FL 33909-6515
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    • Value Estimation
      $685,000
      3,348 SF

      1662 Pne Is Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1662 Pne Is Rd, Cape Coral, FL 33909-1730
      View Details
    • Value Estimation by Request
      2,123 SF

      1731 Pne Is Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1731 Pne Is Rd, Cape Coral, FL 33909-1731
      View Details

    Similar Nearby for Sale

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      Prime Commercial Property in Cape Coral

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      Cape Coral Retail Center For Sale

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      Cape Coral Commercial Opportunity

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    Similar Nearby for Lease

    • $26 SF/Yr
      20,269 SF

      Prime Retail/Office Space, Pine Island Rd

      Modern 20,269 SF building, 2,200 SF available
      1260 8Th St, Cape Coral, FL 33909
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      Pine Island Road Commercial Land

      Commercial land available on Pine Island Road.
      19 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
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      Retail Space Available For Rent

      Retail spaces available, ranging from 500 to 10,000 SqFt.
      3856 Del Prado Blvd N, Cape Coral, FL 33909
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      1,440 SF

      Retail Space in Cape Coral

      Retail space available in Cape Coral, Florida.
      2481 Del Prado Blvd N, Cape Coral, FL 33909
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      1,100 SF

      Retail Space in Cape Coral

      Retail space available for rent in Cape Coral, Florida.
      1260 NE Pine Island Rd, Cape Coral, FL 33909
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    • Contact for pricing
      1,750 SF

      Cape Coral Retail Space Available

      Retail space for lease in Cape Coral, Florida.
      3571 Del Prado Blvd N, Cape Coral, FL 33909
      View Details
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    Cape Coral, FL 33909
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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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