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

    22350 Tamiami Trl Estero, FL 33928-4403

    • Grocery and convenience stores
    • 5,922 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8362343
    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

    • RaceTrac / Beer Store / Coffee Shop

    Property Details for 22350 Tamiami Trl

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    2.25 lot acres
    Property size
    5,922 SF
    Zone code
    CPD
    Property type
    Grocery and convenience stores
    APN
    04-47-25-E1-53000.0010
    APU
    044725E1530000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.8128
    Latitude
    26.4153
    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
    $42,813
    $2,141,482
    $1,336,445
    $3,477,927
    -
    $2,141,482
    $1,336,445
    $3,477,927

    Comparable in this City

    • Value Estimation
      $440,000
      3,043 SF

      21200 3rd Oaks Pkwy

      CONVENIENCE STORE • 3,043 SF
      21200 3rd Oaks Pkwy, Estero, FL 33928-3021
      View Details
    • Value Estimation
      $2,175,000
      3,450 SF

      10371 Corkscrew Cmns Dr

      CONVENIENCE STORE • 3,450 SF
      10371 Corkscrew Cmns Dr, Estero, FL 33928-9420
      View Details
    • Value Estimation
      $13,340,000
      29,896 SF

      19990 Tamiami Trl

      GROCERY, SUPERMARKET • 29,896 SF
      19990 Tamiami Trl, Estero, FL 33928-2258
      View Details
    • Value Estimation
      $235,000
      800 SF

      19990 Corkscrew Rd

      CONVENIENCE STORE • 800 SF
      19990 Corkscrew Rd, Estero, FL 33928-9419
      View Details
    • Value Estimation
      $595,000
      2,748 SF

      8800 Corkscrew Rd

      CONVENIENCE STORE • 2,748 SF
      8800 Corkscrew Rd, Estero, FL 33928-3326
      View Details
    • Value Estimation
      $125,000
      8,600 SF

      10351 Corkscrew Rd

      CONVENIENCE STORE • 8,600 SF
      10351 Corkscrew Rd, Estero, FL 33928-9414
      View Details

    Similar Nearby for Sale

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      2.19 Acres

      Prime Estero Commercial Land

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    • $65,000
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      Undeveloped land near Coconut Point Mall, Hertz, and beaches.
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    • $649,000
      0.46 Acres

      Land on Estero River

      Cleared 0.46 acre lot on the Estero River.
      4770 Estego Ct, Estero, FL 33928
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    • $230,000
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      Vacant Lot in Lakes of Estero

      Vacant lakefront lot in family-friendly Estero neighborhood.
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    • $841,280

      Land Available in Estero, Florida

      Land for sale at Carter Rd, Estero, Florida.
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    Similar Nearby for Lease

    • Contact for pricing
      5,433 SF

      Retail Space in Estero, FL

      Retail space available for rent in Estero, Florida.
      20041 S Tamiami Trl, Estero, FL 33928
      View Details
    • Contact for pricing
      1,378 SF

      Retail Space in Estero, FL

      Retail space available for lease in Estero, Florida.
      10011 Estero Town Commons Pl, 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
    • $42 SF/Yr
      7,800 SF

      Estero Retail Space For Lease

      Prime Estero location, 7,800 sq ft, 2 suites.
      22941 Lyden Dr, Estero, FL 33928
      View Details
    • Contact for pricing
      1,832 SF

      Retail Space on Tamiami Trail

      Retail space available in high-traffic Estero center.
      21301 S Tamiami Trl, Estero, FL 33928
      View Details
    • Contact for pricing
      54,174 SF

      Estero Retail Plaza Investment Opportunity

      Prime Publix-anchored retail space in Estero, FL.
      0 Verdana Vlg Blvd, Estero, FL 33928
      View Details
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    Estero, FL 33928-4403
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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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