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    Property profile & analytics

    10301 Corkscrew Rd Estero, FL 33928-9414

    • Drive through restaurants
    • 4,033 SF
    • 1.84 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2022
    $5,000,000
    Value Estimations
    $5,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8140041
    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

    • Culver's / Restaurant / Take-out & Catering

    Property Details for 10301 Corkscrew Rd

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.84 lot acres
    Property size
    4,033 SF
    Zone code
    CPD
    Property type
    Drive through restaurants
    APN
    35-46-25-E1-3100F.0000
    APU
    354625E13100F0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,150,000
      ML approach
      $5,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,820,000
      Market price range: $1.16M - $3.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.7853
    Latitude
    26.432
    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
    $36,279
    $2,043,876
    $658,676
    $2,702,552
    -
    $2,043,876
    $658,676
    $2,702,552

    Comparable in this City

    • Value Estimation
      $3,130,000
      2,978 SF

      8661 Cmns Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,978 SF
      8661 Cmns Way, Estero, FL 33928-6204
      View Details
    • Value Estimation
      $625,000
      3,826 SF

      22921 Lyden Dr, Unit 927

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,826 SF
      22921 Lyden Dr, Estero, FL 33928-7043
      View Details
    • Value Estimation
      $735,000
      3,773 SF

      20310 Grande Oak Shoppes Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,773 SF
      20310 Grande Oak Shoppes Blvd, Estero, FL 33928-7663
      View Details
    • Value Estimation
      $530,000
      3,171 SF

      9975 Corkscrew Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,171 SF
      9975 Corkscrew Rd, Estero, FL 33928-3210
      View Details
    • Value Estimation
      $715,000
      4,232 SF

      21900 Tamiami Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,232 SF
      21900 Tamiami Trl, Estero, FL 33928-3231
      View Details
    • Value Estimation
      $805,000
      5,631 SF

      22941 Lyden Dr

      RESTAURANT • 5,631 SF
      22941 Lyden Dr, Estero, FL 33928-7043
      View Details

    Similar Nearby for Sale

    • $440,000

      Land For Sale

      Land available for sale.
      21995 Carter Rd, Estero, FL 33928
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    • $700,000
      5.00 Acres

      Estero Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for development.
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      Pending

      Corner Lot in Estero Springs

      0.26-acre corner lot in Estero, no HOA fees.
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      Land on Corkscrew Road

      Commercial land with high traffic frontage on Corkscrew Road.
      9201 Corkscrew Rd, Estero, FL 33928
      View Details
    • $440,000

      Land For Sale

      Land available for sale.
      21987 Carter Rd, Estero, FL 33928
      View Details
    • $60,000
      0.08 Acres

      Vacant Lot in Estero Community

      Vacant lot in 55+ community with boat access in Estero.
      20711 Garden Dr, Estero, FL 33928
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    Similar Nearby for Lease

    • Contact for pricing
      54,174 SF

      Estero Retail Plaza Investment Opportunity

      Prime Publix-anchored retail space in Estero, FL.
      0 Verdana Vlg Blvd, Estero, FL 33928
      View Details
    • Contact for pricing
      10,000 SF

      Horizon Park Retail Center: Bonita Springs

      Prime Retail Space: I-75 & Bonita Beach Rd
      I-75 & Bonita Bch Rd, Bonita Springs, FL 33928
      View Details
    • $14 SF/Yr
      19,087 SF

      Retail/Office Suites on S Tamiami Trail

      Suites suitable for retail or office use on S Tamiami Trail.
      19970 S Tamiami Trl, Estero, FL 33928
      View Details
    • Contact for pricing
      1,832 SF

      Retail Space on Tamiami Trail

      Retail space available in high-traffic Estero center.
      21301 S Tamiami Trl, Estero, FL 33928
      View Details
    • Contact for pricing
      2,700 SF

      Publix-Anchored Retail Space Available

      Retail space in a Publix-anchored neighborhood center.
      19008-19050 Corkscrew Rd, Estero, FL 33928
      View Details
    • $42 SF/Yr
      7,800 SF

      Estero Retail Space For Lease

      Prime Estero location, 7,800 sq ft, 2 suites.
      22941 Lyden Dr, Estero, FL 33928
      View Details
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    Estero, FL 33928-9414
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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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