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    1490 NE Pine Island Rd Cape Coral, FL 33909
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    1490 NE Pine Island Rd Cape Coral, FL 33909

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    • Strip malls
    • 3,240 SF
    • 8.53 lot acres
    For Lease
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    Cape Coral Business Park Opportunity For Lease
    Contact for pricing
    1,605 SF

    Cape Coral Business Park Opportunity

    Flexible commercial spaces available in Cape Coral business park.

    1490 NE Pine Island Rd, Cape Coral, FL 33909
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    Property ID
    US18-1801495
    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

    • JR Swanson Plumbing / Plumbing Service / General Contractor
    • Dynamic Athletic Performance / Gym & Fitness Center
    • M & M Realty Solutions, LLC / Real Estate Agency
    • Gracie Jiu Jitsu Cape Coral / Training Center / Sports School
    • Commerical Real Estate Services of SWFL, Inc. / Real Estate Agency

    Property Details for 1490 NE Pine Island Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.53 lot acres
    Property size
    3,240 SF
    Zone code
    CORR
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    07-44-24-C2-00004.0010
    APU
    074424C2000040010

    Description

    This exceptional Cape Coral property, located at 1490 NE Pine Island Rd, 33909, offers six readily available flex units perfect for a variety of businesses. The property is zoned CORR and features a total of 12,840 square feet of vacant space, currently divided into units with a minimum divisible size of 1,605 square feet and a maximum contiguous size of 1,605 square feet. Each unit is adaptable and can be customized to meet specific business requirements, providing flexibility for diverse operational needs. The property's location in Cape Coral, Florida, offers excellent access to major transportation routes and a thriving local market. The property type encompasses retail, office, and industrial uses, making it suitable for a wide range of businesses. The APN is 07-44-24-C2-00004.0000. This is a multi-tenant property presenting a unique opportunity for businesses seeking adaptable and customizable space in a prime Cape Coral location. The property's versatility and ample square footage make it an ideal choice for companies seeking to establish or expand their operations in a dynamic and growing market. Interested parties should inquire for further details and availability.

    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
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9434
    Latitude
    26.664
    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
    $106,532
    $2,596,439
    $5,921,557
    $8,517,996
    -
    $2,596,439
    $5,921,557
    $8,517,996

    Comparable in this City

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      16,218 SF

      1830 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 16,218 SF
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    • Value Estimation
      $2,310,000
      9,236 SF

      1860 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 9,236 SF
      1860 Pne Is Rd, Cape Coral, FL 33909-1744
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    • Value Estimation
      $740,000
      4,680 SF

      1480 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 4,680 SF
      1480 Pne Is Rd, Cape Coral, FL 33909-2108
      View Details
    • Value Estimation
      $680,000
      5,288 SF

      1059 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 5,288 SF
      1059 Pne Is Rd, Cape Coral, FL 33909-2125
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    • Value Estimation
      $1,455,000
      6,480 SF

      229 Del Prado N Blvd

      SHOPPING CENTER, STRIP CENTER • 6,480 SF
      229 Del Prado N Blvd, Cape Coral, FL 33909-2264
      View Details
    • Value Estimation
      $500,000
      3,000 SF

      234 Del Prado N Blvd

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      234 Del Prado N Blvd, Cape Coral, FL 33909-2289
      View Details

    Similar Nearby for Sale

    • $449,000
      Pending

      Cape Coral Retail Development Opportunity

      High-visibility commercial lot with approved retail plaza plans.
      1601 NE 6Th Ter, Cape Coral, FL 33909
      View Details
    • $995,000
      1.60 Acres

      Cape Coral Commercially Zoned Land

      1.61 acres of commercially zoned land in Cape Coral.
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      13,000 SF

      Cape Coral Retail Center For Sale

      Fully leased retail property with national tenants in Cape Coral.
      924 NE Pine Island Rd, Cape Coral, FL 33909
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    • $250,000
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      Cape Coral Commercial Opportunity

      Oversized commercial lot in a high-growth Cape Coral business district.
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      Corner Retail/Office Building Available

      Freestanding building in Cape Coral with high visibility and signage.
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    • $279,500

      Cape Coral Flex Space Condo

      Versatile 1,215 SF flex space condo in Cape Coral, FL.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Cape Coral

      Retail spaces available in a busy Cape Coral location.
      1623 Kismet Pkwy E, Cape Coral, FL 33909
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      1,440 SF

      Retail Space in Cape Coral

      Retail space available in Cape Coral, Florida.
      2481 Del Prado Blvd N, Cape Coral, FL 33909
      View Details
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      1,827 SF

      Retail Space on Del Prado

      High-traffic retail space in Cape Coral corridor.
      1830 Del Prado Blvd S, Cape Coral, FL 33909
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      Retail Space in Cape Coral

      Retail development with high traffic exposure in Cape Coral, FL.
      NW Pne Is Rd & Del Prado Blvd, Cape Coral, FL 33909
      View Details
    • Contact for pricing
      2,500 SF

      Pine Island Road Retail Opportunity

      0.72 acre site suitable for drive-thru, retail, automotive.
      724 SW Pine Island Rd, Cape Coral, FL 33909
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    • $17 SF/Yr

      Cape Coral Commercial Buildings For Rent

      Two-building campus with showroom, warehouse, and secured storage.
      1302 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
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    Cape Coral, FL 33909
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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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    1490 NE Pine Island Rd, Cape Coral, FL, 33909
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