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Property profile & analytics
OFF-MARKET Estimated value $1,635,000
Retail space

1500 Pne Is Rd Cape Coral, FL 33909-2136

8,950 SF 1.11 ac lot Built 1988
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-4065616
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction STEEL FRAME
Total area 8,950 SF
Lot 1.11 ac (48,279 SF)
Zoning code CORR
APN 07-44-24-C2-03571.A000
UPID US18-4065616
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Once Upon A Child Cape Coral Clothing & Fashion Store
  • Gas station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.08M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.64M
Owner & transaction history
Fike Holdings II LLC · 7 yrs held
Fike Holdings II LLC
since 2018
7 recorded transactions
2023
Price N/A
2021
Price N/A
2020
Price N/A
2020
Price N/A
2018
$1.3M
2017
Price N/A
2017
$1.0M
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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