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    1500 Pne Is Rd Cape Coral, FL 33909-2136
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    Property profile & analytics

    1500 Pne Is Rd, Cape Coral, FL 33909-2136

    View on Map
    • Retail space
    • 8,950 SF
    • 1.11 lot acres
    Off-Market
    Property ID
    US18-4065616
    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
    $1,635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Once Upon A Child Cape Coral / Clothing & Fashion Store
    • Gas station / Gas Station

    Property Details for 1500 Pne Is Rd

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    1.11 lot acres
    Zone code
    CORR
    Property type
    Retail space
    APN
    07-44-24-C2-03571.A000
    APU
    074424C203571A000

    Description

    This exceptional investment opportunity presents a brand-new, 44-unit single-family rental home portfolio situated in a rapidly expanding southwest Florida location. The property is strategically positioned within Cape Coral, Lee County, Florida, at 1500 Pine Island Rd, zip code 33991 (latitude 26.6375502, longitude -82.0064842). This portfolio offers significant potential for long-term growth and stability, supported by a long-term warranty. The high demand for rental properties in this area is further bolstered by the influx of over 1,200 new residents relocating to Florida daily. The ease of management inherent in this portfolio makes it an attractive option for investors seeking a streamlined approach to real estate investment. The portfolio's multifamily nature, specifically as a single-family rental portfolio, provides a diversified income stream. This turnkey investment is ideally suited for those seeking a strong return on investment in a thriving market. The property's location in Cape Coral offers convenient access to various amenities and attractions, enhancing its appeal to tenants. This presents a rare chance to acquire a substantial, well-maintained rental portfolio in a prime location with exceptional growth prospects. The portfolio's new construction status minimizes immediate maintenance concerns, allowing for a focus on maximizing rental income and long-term appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,250,000
      6.5%
      $2,075,000
      7%
      $1,930,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,725,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9433
    Latitude
    26.666
    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
    $26,754
    $1,053,400
    $940,465
    $1,993,865
    -
    $1,053,400
    $940,465
    $1,993,865

    Comparable in this City

    • Value Estimation
      $755,000
      3,750 SF

      37 Del Prado N Blvd

      RETAIL STORES (PERSONAL SERVICES)
      37 Del Prado N Blvd, Cape Coral, FL 33909-2746
      View Details
    • Value Estimation
      $705,000
      3,471 SF

      325 Del Prado N Blvd

      RETAIL STORES (PERSONAL SERVICES)
      325 Del Prado N Blvd, Cape Coral, FL 33909-2244
      View Details
    • Value Estimation
      $3,000,000
      9,112 SF

      924 Pne Is Rd

      RETAIL STORES (PERSONAL SERVICES)
      924 Pne Is Rd, Cape Coral, FL 33909-2552
      View Details
    • Value Estimation
      $540,000
      3,315 SF

      505 Del Prado N Blvd

      RETAIL STORES (PERSONAL SERVICES)
      505 Del Prado N Blvd, Cape Coral, FL 33909-2269
      View Details
    • Value Estimation
      $1,460,000
      6,911 SF

      1609 Kismet E Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      1609 Kismet E Pkwy, Cape Coral, FL 33909-4735
      View Details
    • Value Estimation by Request
      1,833 SF

      359 Pne Is Rd, Unit 405

      RETAIL STORES (PERSONAL SERVICES)
      359 Pne Is Rd, Cape Coral, FL 33909-2555
      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
    • $250,000
      0.34 Acres

      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.
      1329 Hibiscus Dr, Cape Coral, FL 33909
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      7,500 SF

      Cape Coral Office/Retail Building

      Two-story building on a primary commercial corridor.
      19 Del Prado Blvd N, Cape Coral, FL 33909
      View Details
    • Contact for pricing

      Built-Out Retail Space For Lease

      Fully built-out retail suites ranging in size, ready for occupancy with established tenant improvements.
      1760-1910 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
    • Contact for pricing
      Pending

      Pine Island Corridor Commercial Opportunity

      Prime location for business, office, or retail development.
      943 NE 23Rd Ave, Cape Coral, FL 33909
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing
      1,100 SF

      Retail Space in Cape Coral

      Retail space available for rent in Cape Coral, Florida.
      1260 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
    • Contact for pricing
      1,750 SF

      Cape Coral Retail Space Available

      Retail space for lease in Cape Coral, Florida.
      3571 Del Prado Blvd N, Cape Coral, FL 33909
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 500 to 10,000 SqFt.
      3856 Del Prado Blvd N, Cape Coral, FL 33909
      View Details
    • Contact for pricing

      Cape Coral Business Park Opportunity

      Flexible commercial spaces available in Cape Coral business park.
      1490 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
    • Contact for pricing

      Pine Island Road Commercial Land

      Commercial land available on Pine Island Road.
      19 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
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    Cape Coral, FL 33909-2136
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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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