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1002 SE 9Th St Cape Coral, FL 33990

Commercial land Google Maps
0.23 ac lot
Entity Owned Free & Clear
Estimated value (blended)
$1.13M
Range $1.01M – $1.24M (±10%)
Property ID US18-3153352

Property summary

AI-generated overview

This exceptional 4,500-square-foot auto shop, situated on a 15,000-square-foot lot in Cape Coral, Florida, presents a lucrative investment opportunity. The property, built in 1977 and extensively renovated in 2023, boasts a 100% occupancy rate and a strong, established client base. The single-story building features eight 12'3"x12' doors, five bays equipped with lifts (including one 10,000 lb. 2-post, three 7,000 lb. 2-post, and one 12,000 lb. 4-post lift), and two flat bays. Comprehensive equipment includes two 250-gallon 3-phase compressors, a 15hp single pump, a 15hp duplex pump, and six retractable 50' air hose reels. Parts storage is facilitated by eight pallet racks. A rear storage/work area, a hazardous material room with a fire door, and a new camera system with an ADT alarm system enhance security and functionality. The property also includes a recently renovated office and bathrooms, a new TPO roof over a solid concrete base, and ample parking for 20 vehicles. The fully paved and fenced lot offers potential for expansion. The light industrial zoning (permitted for auto repair) allows for continued operation of the existing business or adaptation to other compatible uses. The seller will transfer existing city licenses. This turnkey operation is priced at $1,800,000 ($400/sq ft) and offers significant potential for growth.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.23 ac (10,000 SF)
Zoning code CORR
APN 06-44-24-C4-02016.0010
UPID US18-3153352

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M

Owner & transaction history

since 2026
Last sale
$1.1M
6 recorded transactions
2026
$1.1M
2021
$17,500
2020
Price N/A
2019
$575,000
2017
$360,000
2006
Price N/A

Zoning & alternative use

CORR · Cape Coral, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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