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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10351 Corkscrew Cmns Dr Estero, FL 33928-9420

    • Retail space
    • 11,265 SF
    • 1.51 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2023
    $3,633,600
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    3.7%
    Retail space
    Location Intelligence
    Property ID
    US18-8139182
    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

    • Retail space

    Property Details for 10351 Corkscrew Cmns Dr

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.51 lot acres
    Property size
    11,265 SF
    Zone code
    CPD
    Property type
    Retail space
    APN
    35-46-25-E1-30000.0090
    APU
    354625E1300000090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,950,000
      ML approach
      $4,270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,830,000
      6.5%
      $2,615,000
      7%
      $2,425,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,540,000
      Current use
      RESTAURANT
      $6,515,000
      Change: +84% Conversion: Easy
      OFFICE BUILDING
      $5,385,000
      Change: +52% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,850,000
      Change: +9% Conversion: Moderate
      MEDICAL BUILDING
      $3,220,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.7836
    Latitude
    26.4321
    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
    $338
    $789,307
    $691,670
    $1,480,977
    -
    $789,307
    $691,670
    $1,480,977

    Comparable in this City

    • Value Estimation
      $300,000
      4,503 SF

      23200 Via Villagio

      RETAIL STORES (PERSONAL SERVICES) • 4,503 SF
      23200 Via Villagio, Estero, FL 33928-8353
      View Details
    • Value Estimation
      $240,000
      17,850 SF

      23220 Via Villagio

      RETAIL STORES (PERSONAL SERVICES) • 17,850 SF
      23220 Via Villagio, Estero, FL 33928-8353
      View Details
    • Value Estimation
      $450,000
      12,394 SF

      21700 Tamiami Trl

      RETAIL STORES (PERSONAL SERVICES) • 12,394 SF
      21700 Tamiami Trl, Estero, FL 33928-3920
      View Details
    • Value Estimation
      $4,375,000
      1,049 SF

      9000 Williams Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,049 SF
      9000 Williams Rd, Estero, FL 33928-3265
      View Details
    • Value Estimation
      $575,000
      12,106 SF

      23240 Via Villagio

      RETAIL STORES (PERSONAL SERVICES) • 12,106 SF
      23240 Via Villagio, Estero, FL 33928-8353
      View Details
    • Value Estimation
      $530,000
      2,400 SF

      8187 Lords Way St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      8187 Lords Way St, Estero, FL 33928
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.26 Acres

      9200 Estero Park Commons Blvd, Estero, FL 33928

      Commercial real estate • 0.26 Acres
      9200 Estero Park Commons Blvd, Estero, FL 33928
      View Details
    • Contact for pricing
      18,000 SF

      Land Available in Estero, FL

      Commercial land for sale at Three Oaks and Corkscrew.
      10251 Arcos Ave, Estero, FL 33928
      View Details
    • $1,600,000

      Corkscrew Road Commercial Land Opportunity

      Commercial land in a rapidly growing Estero location.
      19990 Corkscrew Rd, Estero, FL 33928
      View Details
    • $1,665,000
      1.17 Acres

      Commercial Land in Estero, FL

      1.17 acre commercial planned development lot for sale.
      9451 Corkscrew Rd, Estero, FL 33928
      View Details
    • $230,000
      Pending

      Estero Land Ready to Build

      Lakefront lot in family-friendly community with amenities, ready to build.
      9936 Springlake Cir, Estero, FL 33928
      View Details
    • $42,000

      Land in 55+ Community

      Land in Cypress Bend, a well-maintained 55+ community.
      8611 Mullwood Dr, Estero, FL 33928
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,378 SF

      Retail Space in Estero, FL

      Retail space available for lease in Estero, Florida.
      10011 Estero Town Commons Pl, Estero, 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
      5,433 SF

      Retail Space in Estero, FL

      Retail space available for rent in Estero, Florida.
      20041 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
    • $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
    • 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
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    Estero, FL 33928-9420
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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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