Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1515 Del Prado S Blvd Cape Coral, FL 33990-3760
    Back to Search
    Property profile & analytics

    1515 Del Prado S Blvd, Cape Coral, FL 33990-3760

    View on Map
    • Retail space
    • 4,896 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Apr 12, 2024
    $1,250,000
    Property ID
    US18-4097459
    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
    $1,250,000
    Show details
    Cap Rate Potential
    5.9%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Capital Pawn - Cape Coral / Discount Store / (Bike/Boat/Book/etc) Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1515 Del Prado S Blvd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.37 lot acres
    Zone code
    C-1
    Property type
    Retail space
    APN
    20-44-24-C4-01149.0010
    APU
    204424C4011490010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 12, 2024 $1,250,000 Cash America East INC Fre III LLC Warranty Deed —
    Jul 17, 2017 — Fre III LLC — Deed · related $615k · Charlotte St Bk&tr
    May 8, 2017 $925,000 Fre III LLC 1515 Del Prado LLC Warranty Deed $615k · Charlotte St Bk&tr
    Mar 19, 2013 — 1515 Del Prado LLC Lemac LLC Warranty Deed —
    Jul 1, 2011 $600,000 Lemac LLC Johnson Properties LLP Warranty Deed —
    — — Fre III LLC — Deed Of Trust · related $615k · Charlotte St Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,250,000
      ML approach
      $1,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $954,000
      Market price range: $766k - $2.43M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,490,000
      Current use
      COMMERCIAL (GENERAL)
      $1,950,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,795,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $1,505,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $1,235,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9404
    Latitude
    26.6243
    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
    $9,836
    $146,406
    $479,334
    $625,740
    -
    $146,406
    $479,334
    $625,740

    Comparable in this City

    • Value Estimation
      $1,950,000
      4,600 SF

      919 Country Clb Blvd

      RETAIL STORES (PERSONAL SERVICES)
      919 Country Clb Blvd, Cape Coral, FL 33990-3023
      View Details
    • Value Estimation
      $2,510,000
      9,147 SF

      921 10th St

      RETAIL STORES (PERSONAL SERVICES)
      921 10th St, Cape Coral, FL 33990-3143
      View Details
    • Value Estimation
      $1,100,000
      2,220 SF

      825 Del Prado S Blvd

      RETAIL STORES (PERSONAL SERVICES)
      825 Del Prado S Blvd, Cape Coral, FL 33990-2666
      View Details
    • Value Estimation
      $1,525,000
      3,097 SF

      1628 Del Prado S Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1628 Del Prado S Blvd, Cape Coral, FL 33990-3743
      View Details
    • Value Estimation
      $625,000
      2,900 SF

      1939 Del Prado S Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1939 Del Prado S Blvd, Cape Coral, FL 33990-4511
      View Details
    • Value Estimation by Request
      3,032 SF

      1516 Del Prado S Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1516 Del Prado S Blvd, Cape Coral, FL 33990-3741
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Entitled Land Mixed-Use Development

      Approved mixed-use development land with workforce housing and commercial space.
      3731 SE 15Th Pl, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      3,297 SF

      Cape Coral Retail Investment Opportunity

      Single-tenant Sunburn Cannibals with a new 15-year lease.
      1628 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • Contact for pricing

      Retail Space in Merchants Plaza

      3,200 SF retail space available February 2026.
      159 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      2,200 SF

      Cape Coral Vacant Retail Building

      Freestanding 2,220 SF retail building in Cape Coral, Florida.
      825 Del Prado Blvd, Cape Coral, FL 33990
      View Details
    • $1,800,000
      4,500 SF

      Cape Coral Auto Shop - $1.8M

      Thriving turnkey auto repair business.
      1002 9Th St, Cape Coral, FL 33990
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,418 SF

      Prime Commercial Space on Del Prado

      2,400 SF commercial space on Cape Coral's busiest road.
      304-308 Del Prado Blvd S, 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
    • Contact for pricing
      1,480 SF

      Retail Space with High Visibility

      Adaptable retail space in a prime commercial district.
      1109 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      1,827 SF

      Retail Space on Del Prado

      High-traffic retail space in Cape Coral corridor.
      1830 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • Contact for pricing

      Retail Space in Merchants Plaza

      3,200 sq ft retail space available February 2026.
      159 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    • $2,750 /Mo
      2,000 SF

      Flex Warehouse with Overhead Doors

      Recently renovated flex warehouse configuration with 17’ clear height and hurricane-rated overhead doors for versatile tenant use.
      1056 NE Pine Island Rd, 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.
    1515 Del Prado S Blvd
    Cape Coral, FL 33990-3760
    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

    Thank You for Inquiry
    1515 Del Prado S Blvd, Cape Coral, FL, 33990
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!