Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1020 Santa Barbara Blvd Cape Coral, FL 33991-2868
    Back to Search
    Property profile & analytics

    1020 Santa Barbara Blvd Cape Coral, FL 33991-2868

    View on Map
    • Grocery and convenience stores
    • 3,504 SF
    • 1.32 lot acres
    Off-Market
    Last Sale Aug 24, 2021
    $2,658,000
    Property ID
    US18-2360889
    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.
    Value Estimations
    $2,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • REBEL Convenience Stores / Grocery & Convenience Store
    • Mobil / Gas Station
    • Murphys Gas Station / Grocery & Convenience Store
    • Just Digital Coin Bitcoin ATM - Cape Coral / Crypto Atm / Atm

    Property Details for 1020 Santa Barbara Blvd

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.32 lot acres
    Property size
    3,504 SF
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    23-44-23-C2-01976.0400
    APU
    234423C2019760400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,020,000
      ML approach
      $2,825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,048,000
      Market price range: $1.18M - $4.67M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9748
    Latitude
    26.6321
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,756
    $1,074,556
    $429,204
    $1,503,760
    -
    $1,074,556
    $429,204
    $1,503,760

    Comparable in this City

    • Value Estimation by Request
      3,030 SF

      1606 Skyline Blvd

      CONVENIENCE STORE • 3,030 SF
      1606 Skyline Blvd, Cape Coral, FL 33991-2645
      View Details
    • Value Estimation
      $505,000
      2,400 SF

      2128 Santa Barbara Blvd

      CONVENIENCE STORE • 2,400 SF
      2128 Santa Barbara Blvd, Cape Coral, FL 33991-4344
      View Details
    • Value Estimation
      $4,855,000
      2,880 SF

      1021 Santa Barbara Blvd

      CONVENIENCE STORE • 2,880 SF
      1021 Santa Barbara Blvd, Cape Coral, FL 33991-2852
      View Details
    • Value Estimation
      $890,000
      3,109 SF

      1526 Chiquita S Blvd

      CONVENIENCE STORE • 3,109 SF
      1526 Chiquita S Blvd, Cape Coral, FL 33991-3288
      View Details
    • Value Estimation by Request
      2,298 SF

      2200 Santa Barbara Blvd

      CONVENIENCE STORE • 2,298 SF
      2200 Santa Barbara Blvd, Cape Coral, FL 33991-4344
      View Details
    • Value Estimation
      $865,000
      3,015 SF

      1829 Skyline Blvd

      CONVENIENCE STORE • 3,015 SF
      1829 Skyline Blvd, Cape Coral, FL 33991-3345
      View Details

    Similar Nearby for Sale

    • $315,000
      0.69 Acres

      Prime Commercial Land Opportunity

      Development site in Cape Coral's rapidly growing commercial area.
      1434 SW 4Th St, Cape Coral, FL 33991
      View Details
    • New
      $149,900
      0.46 Acres

      Cape Coral Commercial Development Opportunity

      Two adjacent commercial parcels in a rapidly growing corridor.
      625 SW 4Th St, Cape Coral, FL 33991
      View Details
    • $315,000

      Cape Coral Commercial Development Opportunity

      30,000 sq ft site in a growing commercial area.
      1434 SW 4Th St, Cape Coral, FL 33991
      View Details
    • $180,000
      0.52 Acres

      Commercial Lot in Pine Island

      Multi-use commercial corner lot in the Pine Island Corridor.
      1035 SW 4Th Ter, Cape Coral, FL 33991
      View Details
    • New
      $190,000
      0.34 Acres

      Cape Coral Commercial Land Available

      Commercial land in growing Pine Island Road District, Cape Coral.
      617 SW 4Th St, Cape Coral, FL 33991
      View Details
    • Contact for pricing
      4,286 SF

      Mister Car Wash Sale-Leaseback

      Single-tenant Mister Car Wash with long-term lease and zero responsibilities.
      2002 Santa Barbara Blvd S, Cape Coral, FL 33991
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      158,820 SF

      Retail Space in Fountain Shoppes

      2,400 SF retail/office space in Cape Coral, FL.
      814 SW Pine Island Rd, Cape Coral, FL 33991
      View Details
    • Contact for pricing
      1,340 SF

      Retail Space in Cape Coral

      Retail space with high visibility in a populated area.
      2209 Santa Barbara Blvd, Cape Coral, FL 33991
      View Details
    • Contact for pricing

      Cape Coral Commercial Property For Lease

      Modern commercial property with customizable spaces for flex, retail, or office.
      1111 Ceitus Ter, Cape Coral, FL 33991
      View Details
    • Contact for pricing

      Commercial Land Ground Lease Opportunity

      Ground lease opportunity in a high-visibility commercial corridor.
      Nwc Pne Is Rd & Chiquita Blvd, Cape Coral, FL 33991
      View Details
    • $35 SF/Yr
      10,400 SF

      Prime Medical Retail Space, Cape Coral

      10,400 SF, Class A, Pre-leasing Now
      122 Chiquita Blvd, Cape Coral, FL 33991
      View Details
    • Contact for pricing
      158,820 SF

      Retail Space in Cape Coral

      Retail units available in renovated Cape Coral building.
      814 SW Pine Island Rd, Cape Coral, FL 33991
      View Details

    Property Visit Statistics

    • Visits by month
      14.4k
    • Visitors by month
      9.3k
    • Avg Time on site
      8 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1020 Santa Barbara Blvd
    Cape Coral, FL 33991-2868
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1020 Santa Barbara Blvd, Cape Coral, FL, 33991
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!