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    Property profile & analytics

    220 Santa Barbara Pl Cape Coral, FL 33990

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8180608
    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

    • Commercial real estate

    Property Details for 220 Santa Barbara Pl

    Property type
    Commercial real estate

    Description

    This exceptional 10,019 square foot residential lot in desirable Cape Coral, Florida, presents a fantastic opportunity for building a new home. Located at 220 SE Santa Barbara Pl, 33990, Lee County, this property is zoned for single-family residential (SFR) use, offering flexibility for your construction plans. The lot's generous size provides ample space for a spacious home and landscaping. The location offers convenient access to local amenities, including nearby restaurants and shopping centers. This is an ideal location for those seeking a comfortable and convenient lifestyle in a thriving Florida community. The asking price is $299,000. The property is well-suited for those looking to build their dream home or for investors considering rental opportunities such as short-term rentals. The lot is ready for immediate development, making it an attractive option for those seeking a quick start on their building project. This prime piece of land offers a unique chance to create a personalized living space in a sought-after area of Cape Coral. Don't miss this chance to own a piece of Florida paradise.

    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
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9734799
    Latitude
    26.6471002

    Comparable in this City

    • New
      $1,900,000
      1.03 Acres

      Cape Coral Mixed-Use Development Land

      Entitled land for mixed-use development with workforce housing and commercial space.
      3731 SE 15Th Pl, Cape Coral, FL 33990
      View Details
    • $279,900
      0.30 Acres

      Cape Coral Multifamily Lot

      Triple lot ideal for duplex or multi-unit home development.
      1222 SE 8Th Pl, Cape Coral, FL 33990
      View Details
    • $489,000

      Cape Coral Duplex Investment Opportunity

      Spacious 6-bedroom, 4-bathroom duplex in Cape Coral.
      1507 SE 24Th Ave, Cape Coral, FL 33990
      View Details
    • New
      $349,900
      0.23 Acres

      Cape Coral Multifamily Investment Opportunity

      Well-maintained duplex in Cape Coral, 100% occupied with long-term tenants.
      706 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    • $469,000
      0.23 Acres

      Cape Coral Duplex Investment Opportunity

      Duplex with three bedrooms, two bathrooms, and a garage.
      535-537 SE Van Loon Ter, Cape Coral, FL 33990
      View Details
    • $775,000
      Pending

      Cape Coral Multifamily Investment Opportunity

      Four-unit multifamily property built in 2006 in Cape Coral.
      717 SE 8Th St, Cape Coral, FL 33990
      View Details

    Similar Nearby for Sale

    • New
      $1,900,000
      1.03 Acres

      Cape Coral Mixed-Use Development Land

      Entitled land for mixed-use development with workforce housing and commercial space.
      3731 SE 15Th Pl, Cape Coral, FL 33990
      View Details
    • $279,900
      0.30 Acres

      Cape Coral Multifamily Lot

      Triple lot ideal for duplex or multi-unit home development.
      1222 SE 8Th Pl, Cape Coral, FL 33990
      View Details
    • $489,000

      Cape Coral Duplex Investment Opportunity

      Spacious 6-bedroom, 4-bathroom duplex in Cape Coral.
      1507 SE 24Th Ave, Cape Coral, FL 33990
      View Details
    • New
      $349,900
      0.23 Acres

      Cape Coral Multifamily Investment Opportunity

      Well-maintained duplex in Cape Coral, 100% occupied with long-term tenants.
      706 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    • $469,000
      0.23 Acres

      Cape Coral Duplex Investment Opportunity

      Duplex with three bedrooms, two bathrooms, and a garage.
      535-537 SE Van Loon Ter, Cape Coral, FL 33990
      View Details
    • $775,000
      Pending

      Cape Coral Multifamily Investment Opportunity

      Four-unit multifamily property built in 2006 in Cape Coral.
      717 SE 8Th St, Cape Coral, FL 33990
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo

      Cape Coral Villa For Rent

      Spacious 3 bedroom villa with easy access to highways.
      1104 SE 24Th Ave, Cape Coral, FL 33990
      View Details
    • $1,750 /Mo

      New Home with Modern Amenities

      Newly built home near shopping, restaurants, and water park.
      1417 Academy Blvd, Cape Coral, FL 33990
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    • $1,750 /Mo

      Move-In Ready Cape Coral Home

      Newly built Cape Coral home near Del Prado, move-in ready.
      326 SE 16Th Pl, 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
    • $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
    • $17 SF/Yr
      1,280 SF

      Hancock Bridge Parkway Office Space

      Office space for lease with pylon signage and parking.
      2328 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
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    220 Santa Barbara Pl
    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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