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    12230 Shoreview Dr Matlacha, FL 33993
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    12230 Shoreview Dr, Matlacha, FL 33993

    View on Map
    • Motels
    • 7,955 SF
    • 0.72 lot acres
    Off-Market
    Property ID
    US19-0376651
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 12230 Shoreview Dr

    Year built
    1958
    Lot size
    0.72 lot acres
    Property type
    Motels
    Property subtype
    Hotels
    APN
    13-44-22-01-00001.0180, 13-44-22-01-00001.0200

    Description

    This exceptional investment opportunity presents a 13-unit hotel and motel complex situated on 0.72 acres in Matlacha, Florida (Lee County), within the Cape Coral MSA. The property, encompassing two buildings with a total of 7,955 square feet, boasts a compelling asking price of $4,000,000, translating to $502.83 per square foot and a price per key of $307,692.31. Built in 1958 and 1981, the property features concrete block construction and has undergone significant recent renovations. These improvements, exceeding $1,100,000, include the installation of wood-look vinyl plank flooring, granite countertops, stainless steel appliances, new cabinetry, and complete furniture upgrades. Further enhancements include a new Tiki Hut (2023) and screened porches (2024), along with a roof replacement in 2021. The property offers an attractive amenity package, encompassing boat dock slips, a swimming pool, Wi-Fi, dishwashers, and laundry facilities. The property's current NOI is $337,340, yielding an 8.43% cap rate, while the pro-forma NOI is $424,054, projecting a 10.60% cap rate. The property is zoned RM-2 and benefits from its location near various amenities, including Publix, 7-Eleven, McDonald's, AutoZone, Walgreens, and numerous restaurants, all within a two-mile radius. The average household income within a two-mile radius is $111,745. The property's address is 12230 Shoreview Dr, Cape Coral, FL 33993. APN: 13-44-22-01-00001.0180, 13-44-22-01-00001.0200.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Matlacha
    County
    Lee
    State
    Florida
    Longitude
    -82.0640286
    Latitude
    26.6383462

    Comparable in this City

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      Waterfront Resort Property in Matlacha

      Renovated waterfront resort with rental potential in Matlacha, Florida.
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    • $599,900
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      Matlacha Retail Corner, Prime Location

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    • $50,000
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      Waterfront Lot in Cape Coral

      Waterfront lot ideal for building a dream home, no HOA.
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      Corner Lot in Cape Coral

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      Waterfront Lot in Cape Coral

      0.23-acre waterfront lot with no HOA near beaches.
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    Similar Nearby for Sale

    • Contact for pricing
      7,400 SF

      Waterfront Resort Property in Matlacha

      Renovated waterfront resort with 13 units in Matlacha, Florida.
      12200/12210 Shoreview Dr, Matlacha, FL 33993
      View Details
    • $3,450,000

      Waterfront Resort Property in Matlacha

      Renovated waterfront resort with rental potential in Matlacha, Florida.
      12200/12210 Shoreview Dr, Matlacha, FL 33993
      View Details
    • $599,900
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      Matlacha Retail Corner, Prime Location

      Historic Seafood Market, High Traffic
      4573 Pine Island Rd, Matlacha, FL 33993
      View Details
    • $50,000
      0.23 Acres

      Waterfront Lot in Cape Coral

      Waterfront lot ideal for building a dream home, no HOA.
      2119 NW 9Th Ter, Cape Coral, FL 33993
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    • $63,000
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      Corner Lot in Cape Coral

      Beautiful corner lot in a desirable Cape Coral neighborhood.
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    • $42,000
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      Waterfront Lot in Cape Coral

      0.23-acre waterfront lot with no HOA near beaches.
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      View Details
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    Matlacha, FL 33993
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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.

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