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

    21600 Corkscrew Woodlands Blvd Estero, FL 33928-2400

    • Office buildings
    • 960 SF
    • 41.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8346072
    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

    • Corkscrew Woodlands Associates / Residents Association

    Property Details for 21600 Corkscrew Woodlands Blvd

    Year built
    1990
    Construction
    FRAME
    Lot size
    41.02 lot acres
    Property size
    960 SF
    Zone code
    RV-3
    Property type
    Office buildings
    APN
    35-46-25-E4-00001.00CE
    APU
    354625E40000100CE

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.7811
    Latitude
    26.4223
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      10,251 SF

      21101 Design Parc Ln

      OFFICE BUILDING • 10,251 SF
      21101 Design Parc Ln, Estero, FL 33928-9908
      View Details
    • Value Estimation
      $200,000
      721 SF

      23150 Fashion Dr, Unit T232

      OFFICE BUILDING • 721 SF
      23150 Fashion Dr, Estero, FL 33928-8321
      View Details
    • Value Estimation
      $1,805,000
      748 SF

      23160 Fashion Dr, Unit R218

      OFFICE BUILDING • 748 SF
      23160 Fashion Dr, Estero, FL 33928-2559
      View Details
    • Value Estimation
      $425,000
      647 SF

      23160 Fashion Dr, Unit R228

      OFFICE BUILDING • 647 SF
      23160 Fashion Dr, Estero, FL 33928-2559
      View Details
    • Value Estimation
      $1,805,000
      809 SF

      23160 Fashion Dr, Unit R220

      OFFICE BUILDING • 809 SF
      23160 Fashion Dr, Estero, FL 33928-2559
      View Details
    • Value Estimation
      $235,000
      1,367 SF

      9210 Estero Park Cmns Blvd Ste, Unit 1

      OFFICE BUILDING • 1,367 SF
      9210 Estero Park Cmns Blvd Ste, Estero, FL 33928-6395
      View Details

    Similar Nearby for Sale

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      6,374 SF

      Estero Office Building For Sale

      6,374 SF office building available in Estero, Florida.
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    • $2,700,000
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      Estero Office Suites with Balconies

      Second-floor office suites with balconies in Estero, Florida, for sale.
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      70.04 Acres

      Estero Office Suite with Balcony

      Second-floor office suite with balcony in Coconut Point Mall.
      23190 Fashion Dr, Estero, FL 33928
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      0.75 Acres

      Estero Commercial Space Available

      Well-located commercial space in Estero, near major tenants and landmarks.
      21740 S Tamiami Trl, Estero, FL 33928
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    • $440,000

      Land For Sale

      Land available for sale.
      21987 Carter Rd, Estero, FL 33928
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    • $299,000
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      Land Parcel in Estero, FL

      5+ acre ranchette lot in Burgundy Farms community.
      19201 Burgundy Farms Rd, Estero, FL 33928
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    Similar Nearby for Lease

    • $22 SF/Yr
      42,200 SF

      Estero Medical Office Space Available

      Modern medical office suites, ample parking.
      10201 Arcos Ave, Estero, FL 33928
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      End Cap Office Space Available

      3,200 SF end cap office space for lease.
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    • $29 SF/Yr
      2,755 SF

      Medical Building Space For Lease

      Medical office space for lease in Estero, delivery Summer 2024.
      9441 Corkscrew Palms Cir, Estero, FL 33928
      View Details
    • $14 SF/Yr
      19,087 SF

      Retail/Office Suites on S Tamiami Trail

      Suites suitable for retail or office use on S Tamiami Trail.
      19970 S Tamiami Trl, Estero, FL 33928
      View Details
    • $25 SF/Yr
      7,228 SF

      Estero Office Space For Rent

      7,228 SF office space available for lease in Estero.
      9431 Corkscrew Palms Cir E, Estero, FL 33928
      View Details
    • Contact for pricing

      Land for Lease in Estero

      Land available for lease in Publix-anchored neighborhood center.
      19008-190050 Corkscrew Rd, Estero, FL 33928
      View Details
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    Estero, FL 33928-2400
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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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