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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    159 Hancock Bridge Pkwy, Unit 8-10 Cape Coral, FL 33990

    • Strip malls
    • 9,629 SF
    • 1.20 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4246475
    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

    • Palm Tree Massage Spa / Massage Spa / Massage Therapist

    Property Details for 159 Hancock Bridge Pkwy

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Property size
    9,629 SF
    Zone code
    VILL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    13-44-23-C1-01095.0010
    APU
    134423C1010950010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,550,000
      6.5%
      $2,350,000
      7%
      $2,185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,254,000
      Market price range: $531k - $2.15M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,955,000
      RETAIL STORES
      $2,930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9708
    Latitude
    26.6522
    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
    $28,884
    $510,365
    $1,327,517
    $1,837,882
    -
    $510,365
    $1,327,517
    $1,837,882

    Comparable in this City

    • Value Estimation
      $910,000
      5,139 SF

      1407 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 5,139 SF
      1407 Del Prado S Blvd, Cape Coral, FL 33990-3704
      View Details
    • Value Estimation
      $1,315,000
      7,811 SF

      130 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 7,811 SF
      130 Del Prado S Blvd, Cape Coral, FL 33990-1700
      View Details
    • Value Estimation
      $865,000
      4,486 SF

      1020 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 4,486 SF
      1020 Del Prado S Blvd, Cape Coral, FL 33990-3637
      View Details
    • Value Estimation
      $2,980,000
      13,544 SF

      1338 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 13,544 SF
      1338 Del Prado S Blvd, Cape Coral, FL 33990-3714
      View Details
    • Value Estimation
      $1,410,000
      9,665 SF

      822 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 9,665 SF
      822 Del Prado S Blvd, Cape Coral, FL 33990-2687
      View Details
    • Value Estimation
      $2,430,000
      5,670 SF

      8 Del Prado S Blvd

      SHOPPING CENTER, STRIP CENTER • 5,670 SF
      8 Del Prado S Blvd, Cape Coral, FL 33990-1773
      View Details

    Similar Nearby for Sale

    • $849,000
      Pending

      Del Prado Mall Commercial Condo

      Prime commercial condo in thriving Cape Coral location for sale.
      1404 Del Prado Blvd S unit 100 & 105, 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
    • $49,500
      29.21 Acres

      Turnkey Tea & Pastry Destination

      Cape Coral's Le Petit Pastry & Tea for sale.
      2301 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $1,399,900
      Pending

      Cape Coral Warehouse/Automotive Shop

      Centrally located warehouse/automotive shop in Cape Coral, Florida.
      1002 SE 9Th St, Cape Coral, FL 33990
      View Details
    • $1,900,000
      8,300 SF

      Mixed-Use Development Opportunity

      Entitled land for mixed-use development with workforce housing and commercial space.
      3731 SE 15Th Pl, Cape Coral, FL 33990
      View Details
    • $70,000
      0.23 Acres

      Equipped Salon in Cape Coral

      Fully equipped salon for sale in Cape Coral area.
      SE 16Th Pl, Cape Coral, FL 33990
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,985 SF

      Prime Retail/Office Space Available

      High-visibility retail or office space in thriving Cape Coral location.
      1622 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • New
      $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
    • $20 SF/Yr
      1,750 SF

      Cape Coral Retail Space Available

      Retail space for lease in Cape Coral, Florida.
      3571 Del Prado Blvd N, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      125,198 SF

      Prime Cape Coral Office Space

      Executive & Creative Suites Available
      1631 Del Prado Blvd, Cape Coral, FL 33990
      View Details
    • $23 SF/Yr
      30,013 SF

      Retail Space in Cape Coral

      2,850 SF retail space with high traffic and accessibility.
      1910 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $1,750 /Mo

      Modern Duplex with Spacious Backyard

      Newly built duplex near amenities with first month free rent.
      1413 Academy Blvd, Cape Coral, FL 33990
      View Details
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    Cape Coral, FL 33990
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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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