Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1606 Del Prado S Blvd Cape Coral, FL 33990-3798

    • Drug stores
    • 15,599 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $3,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3354794
    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

    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walgreens / Cosmetic Store
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens Pharmacy / Pharmacy

    Property Details for 1606 Del Prado S Blvd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.42 lot acres
    Property size
    15,599 SF
    Zone code
    C-1
    Property type
    Drug stores
    APN
    30-44-24-C2-00637.00C0
    APU
    304424C20063700C0

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,920,000
      6.5%
      $3,620,000
      7%
      $3,360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,923,000
      Market price range: $1.03M - $3.92M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,745,000
      Current use
      COMMERCIAL (GENERAL)
      $6,215,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,715,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $4,790,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $3,925,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9413
    Latitude
    26.6226
    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
    $68,359
    $2,813,884
    $3,284,726
    $6,098,610
    -
    $2,813,884
    $3,284,726
    $6,098,610

    Comparable in this City

    • Value Estimation
      $3,550,000
      13,351 SF

      1209 Del Prado S Blvd

      DRUG STORE, PHARMACY • 13,351 SF
      1209 Del Prado S Blvd, Cape Coral, FL 33990-3643
      View Details
    • Value Estimation by Request
      4,622 SF

      205 Del Prado S Blvd

      FINANCIAL BUILDING • 4,622 SF
      205 Del Prado S Blvd, Cape Coral, FL 33990-1725
      View Details
    • Value Estimation
      $1,950,000
      4,600 SF

      919 Country Clb Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,600 SF
      919 Country Clb Blvd, Cape Coral, FL 33990-3023
      View Details
    • Value Estimation
      $1,100,000
      2,220 SF

      825 Del Prado S Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      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) • 3,097 SF
      1628 Del Prado S Blvd, Cape Coral, FL 33990-3743
      View Details
    • Value Estimation by Request
      4,770 SF

      2223 Del Prado S Blvd

      FINANCIAL BUILDING • 4,770 SF
      2223 Del Prado S Blvd, Cape Coral, FL 33990-4633
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $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
    • New
      $1,900,000
      1.03 Acres

      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
    • $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
    • $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

    Similar Nearby for Lease

    • $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
    • 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
    • Contact for pricing
      2,005 SF

      Cape Coral Medical Building Space

      Multi-tenant medical building with surgery center for lease.
      2721 Del Prado Blvd S, 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.
    1606 Del Prado S Blvd
    Cape Coral, FL 33990-3798
    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.