Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1508 10th St Cape Coral, FL 33990-3689

    • Flex space
    • 3,425 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2024
    $10,000
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3717107
    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

    • 2 The Last Bite / Restaurant
    • Global Fence Inc / General Contractor / Construction Company

    Property Details for 1508 10th St

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    3,425 SF
    Zone code
    I-1W
    Property type
    Flex space
    APN
    19-44-24-C2-00781.0670
    APU
    194424C2007810670

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $882,000
      Market price range: $373k - $882k
      AI Estimate
      $438,000
      Market price range: $118k - $439k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $605,000
      Current use
      MEDICAL BUILDING
      $1,050,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $1,040,000
      Change: +73% Conversion: Moderate
      OFFICE BUILDING
      $860,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9417
    Latitude
    26.6337
    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
    $7,538
    $218,527
    $359,182
    $577,709
    -
    $218,527
    $359,182
    $577,709

    Comparable in this City

    • Value Estimation
      $885,000
      6,000 SF

      848 9th St

      LIGHT INDUSTRIAL • 6,000 SF
      848 9th St, Cape Coral, FL 33990-3219
      View Details
    • Value Estimation
      $1,115,000
      8,637 SF

      1201 9th Ter

      LIGHT INDUSTRIAL • 8,637 SF
      1201 9th Ter, Cape Coral, FL 33990-3006
      View Details
    • Value Estimation by Request
      5,200 SF

      1002 12th Ave

      LIGHT INDUSTRIAL • 5,200 SF
      1002 12th Ave, Cape Coral, FL 33990-3015
      View Details
    • Value Estimation
      $780,000
      8,800 SF

      1009 12th Pl

      LIGHT INDUSTRIAL • 8,800 SF
      1009 12th Pl, Cape Coral, FL 33990-5008
      View Details
    • Value Estimation
      $645,000
      6,928 SF

      1226 Viscaya Pkwy, Unit A

      LIGHT INDUSTRIAL • 6,928 SF
      1226 Viscaya Pkwy, Cape Coral, FL 33990-3250
      View Details
    • Value Estimation
      $575,000
      6,157 SF

      1003 12th Ave

      LIGHT INDUSTRIAL • 6,157 SF
      1003 12th Ave, Cape Coral, FL 33990-3018
      View Details

    Similar Nearby for Sale

    • New
      $985,000
      4,250 SF

      Cape Coral Industrial Flex Opportunity

      Industrial flex building with two units and income potential.
      909 SE 13Th Pl, Cape Coral, FL 33990
      View Details
    • $1,875,000
      0.80 Acres

      Cape Coral Warehouse with Fenced Yard

      9,615 SF building with fenced yard on oversized lots.
      1016 SE 12Th Ave, Cape Coral, FL 33990
      View Details
    • $8,700,000

      Cape Coral Warehouse For Sale

      Professionally managed warehouse in Mid-Cape Industrial area, Cape Coral.
      847-905 Southeast 9Th Ter, Cape Coral, FL 33990
      View Details
    • $499,000
      0.23 Acres

      Cape Coral Land with Canal

      Land with Gulf access, new seawall, close to river.
      2031 SE 21St St, Cape Coral, FL 33990
      View Details
    • $102,900
      0.23 Acres

      Waterfront Lot in Cape Coral

      Waterfront lot to build your dream home in Cape Coral.
      404 SE 9Th Pl, Cape Coral, FL 33990
      View Details
    • $150,000
      0.36 Acres

      Oversized Lot in Cape Coral

      Desirable Cape Coral lot with city utilities, not in floodzone.
      158 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo
      2,800 SF

      Cape Coral Flex Space Available

      Commercial flex space with rare industrial outdoor storage in Cape Coral.
      1029 SE 12Th Ct, Cape Coral, FL 33990
      View Details
    • $22 SF/Yr
      14,985 SF

      Renovated Industrial Property in Cape Coral

      Renovated 4,500 SF industrial property with flexible uses.
      1002 SE 9Th St, Cape Coral, FL 33990
      View Details
    • $22 SF/Yr
      4,500 SF

      Cape Coral Commercial Lease Opportunity

      Commercial space for lease in the heart of Cape Coral.
      1002 SE 9Th St, Cape Coral, FL 33990
      View Details
    • Contact for pricing

      Cape Coral Office/Warehouse Opportunity

      Office and warehouse spaces available for rent in Cape Coral.
      944 Country Club Blvd, Cape Coral, FL 33990
      View Details
    • Contact for pricing

      Established Retail Center on Del Prado

      Well-located retail center with high visibility and ample parking.
      1338 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $25 SF/Yr
      52,098 SF

      Retail Space in Merchants Plaza

      Retail space available in February 2026 in Cape Coral.
      159 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1508 10th St
    Cape Coral, FL 33990-3689
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!