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

    2140 Pondella Rd Cape Coral, FL 33909-5134

    • Office buildings
    • 3,000 SF
    • 10.07 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2023
    $900,000
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    4.4%
    Office buildings
    Location Intelligence
    Property ID
    US18-3267785
    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

    • Oldcastle Precast East / Manufacturer
    • Oldcastle Infrastructure / Building Materials Supplier / Concrete Product Supplier

    Property Details for 2140 Pondella Rd

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.07 lot acres
    Property size
    3,000 SF
    Zone code
    CORR
    Property type
    Office buildings
    APN
    08-44-24-C2-00003.0040
    APU
    084424C2000030040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $855,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $695,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $891,000
      Market price range: $455k - $892k
      AI Estimate
      $886,000
      Market price range: $323k - $887k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $645,000
      Current use
      COMMERCIAL (GENERAL)
      $1,195,000
      Change: +85% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Change: +70% Conversion: Difficult
      MEDICAL BUILDING
      $920,000
      Change: +42% Conversion: Easy
      RETAIL STORES
      $915,000
      Change: +41% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9291
    Latitude
    26.664
    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
    $52,367
    $848,481
    $1,814,505
    $2,662,986
    -
    $848,481
    $1,814,505
    $2,662,986

    Comparable in this City

    • Value Estimation
      $425,000
      8,800 SF

      1136 Pne Is Rd

      OFFICE BUILDING (MULTI-STORY) • 8,800 SF
      1136 Pne Is Rd, Cape Coral, FL 33909-2186
      View Details
    • Value Estimation
      $195,000
      687 SF

      441 Del Prado Blvd N Ste, Unit 4

      OFFICE BUILDING • 687 SF
      441 Del Prado Blvd N Ste, Cape Coral, FL 33909-2220
      View Details
    • Value Estimation
      $320,000
      2,340 SF

      1010 9th St

      OFFICE BUILDING (MULTI-STORY) • 2,340 SF
      1010 9th St, Cape Coral, FL 33909-3136
      View Details
    • Value Estimation
      $230,000
      861 SF

      19 Del Prado Blvd N Ste, Unit 3

      OFFICE BUILDING (MULTI-STORY) • 861 SF
      19 Del Prado Blvd N Ste, Cape Coral, FL 33909-2758
      View Details
    • Value Estimation
      $1,985,000
      9,525 SF

      1521 Commerce Crk Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,525 SF
      1521 Commerce Crk Blvd, Cape Coral, FL 33909-6502
      View Details
    • Value Estimation
      $295,000
      2,662 SF

      326 Del Prado Blvd N Ste, Unit 102

      PROFESSIONAL BUILDING • 2,662 SF
      326 Del Prado Blvd N Ste, Cape Coral, FL 33909-2288
      View Details

    Similar Nearby for Sale

    • $4,250,000
      2.85 Acres

      Prime Commercial Land with Upside

      Exceptional investment opportunity with significant upside potential in Cape Coral.
      1036 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
    • $2,600,000
      9,188 SF

      9,188 SF Office Building

      9,188 SF office building with month-to-month tenants.
      910-912 Del Prado Blvd S, Cape Coral, FL 33909
      View Details
    • Contact for pricing
      3,899 SF

      Office or Medical Practice Building

      Proposed 3,899 SF office or medical building for sale.
      807 NW 13Th Ave, Cape Coral, FL 33909
      View Details
    • Contact for pricing
      0.14 Acres

      Commercial Lot in Cape Coral

      Cleared commercial lot in a rapidly growing area.
      1944 Diplomat Pkwy E, Cape Coral, FL 33909
      View Details
    • Contact for pricing

      Prime Cape Coral Commercial Lot

      Cleared, Vacant Lot - City Utilities Expansion
      1936 Diplomat Pkwy, Cape Coral, FL 33909
      View Details
    • $52,500

      Cape Coral Commercial Land - $52,500

      Prime Commercial Lot, 10,629 sq ft
      4112 9Th Pl, Cape Coral, FL 33909
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail/Office Space on Pine Island

      Retail, office, or restaurant space available at a signalized intersection.
      924 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
    • $16 SF/Yr
      16,050 SF

      Cape Coral Flex Space Available

      Six versatile units, customizable flex space.
      1490 Pine Island Rd, Cape Coral, FL 33909
      View Details
    • $18 SF/Yr
      5,750 SF

      New Office/Flex Building For Lease

      Newly constructed office/flex building with build-to-suit opportunity in Cape Coral.
      805 NE 8Th St, Cape Coral, FL 33909
      View Details
    • $26 SF/Yr
      20,269 SF

      Prime Retail/Office Space, Pine Island Rd

      Modern 20,269 SF building, 2,200 SF available
      1260 8Th St, Cape Coral, FL 33909
      View Details
    • $10 SF/Yr
      250,000 SF

      Cape Coral Distribution Space Available

      100,000-250,000 SF distribution space in master-planned development.
      1700 Home Of The Brave Blvd, Cape Coral, FL 33909
      View Details
    • $10 SF/Yr
      250,000 SF

      Cape Coral Distribution Center Opportunity

      250,000 SF distribution center opportunity in Cape Coral, Florida.
      2313 NE 24Th Ave, Cape Coral, FL 33909
      View Details
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    2140 Pondella Rd
    Cape Coral, FL 33909-5134
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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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