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    1907 Skyline Blvd Cape Coral, FL 33991
    Property profile & analytics

    1907 Skyline Blvd Cape Coral, FL 33991

    View on Map
    • Commercial real estate
    • 0.58 lot acres
    Off-Market
    Property ID
    US19-0601950
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1907 Skyline Blvd

    Lot size
    0.58 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1,900 square foot, newly renovated space in La Porte, TX, is available for lease. Located at 3151 Old Hwy 146, this move-in ready, white box unit is part of a larger building totaling 3,761 square feet and features a full gross lease. The property boasts a prominent corner lot with high visibility, benefiting from its location near two large apartment complexes and a thriving residential neighborhood. A newly opened smoke shop within the same building adds to the area's foot traffic. The building, constructed in 1971 and renovated in 2021, offers nine parking spaces and is situated just half a mile from Galveston Bay, attracting both local and tourist traffic. With limited competition from similar businesses, this space presents a unique opportunity for a variety of retail or restaurant concepts. The property sits on a 10,464 square foot lot and is classified as Class C. The building contains two suites in total, with 1,900 square feet currently vacant. A three-month rent incentive is available. The median household income in the area is $80,000, indicating a strong potential customer base. This single-story building offers excellent exposure and growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.990747523683
    Latitude
    26.617279712038

    Comparable in this City

    • $98,400
      0.23 Acres

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      Commercial Corner Lot For Sale

      Commercial corner lot with utilities available in Cape Coral.
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      Vacant Land on Pine Island

      Vacant land available for sale on Pine Island Road.
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    • $3,995,000

      Cape Coral Commercial Corner Site

      5.36 acre commercial corner site in high growth area.
      927 Santa Barbara Blvd, Cape Coral, FL 33991
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    Similar Nearby for Sale

    • $98,400
      0.23 Acres

      Canal Lot in Cape Coral

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      Prime Land at Coral Shores

      Fully improved commercial lots near Publix, suitable for various uses.
      701 Burnt Store Rd, Cape Coral, FL 33991
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      Commercial Corner Lot For Sale

      Commercial corner lot with utilities available in Cape Coral.
      1525 Skyline Blvd, Cape Coral, FL 33991
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      Vacant Land on Pine Island

      Vacant land available for sale on Pine Island Road.
      815 SW Pine Island Rd, Cape Coral, FL 33991
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    • $3,995,000

      Cape Coral Commercial Corner Site

      5.36 acre commercial corner site in high growth area.
      927 Santa Barbara Blvd, Cape Coral, FL 33991
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    Similar Nearby for Lease

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      Commercial Land Ground Lease Opportunity

      Ground lease opportunity in a high-visibility commercial corridor.
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      3214 SW Pine Island Rd, Cape Coral, FL 33991

      Land
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      Commercial Land at Signalized Intersection

      Commercial land for rent with excellent visibility and high traffic.
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      Commercial Land For Rent

      Commercial land available for rent in a growing area.
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      Prime Medical Retail Space, Cape Coral

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      158,820 SF

      Retail Space in Cape Coral

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    Cape Coral, FL 33991
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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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