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

    2310 NW 33Rd Ave Cape Coral, FL 33993

    • Commercial real estate
    For Sale
    View listing
    $170,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3867679
    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 2310 NW 33Rd Ave

    Property type
    Commercial real estate

    Description

    This exceptional 0.25-acre residential lot in desirable Cape Coral, Florida, presents a unique opportunity to build your dream home. Located at 2310 NW 33rd Ave, this property offers 11,021 square feet of cleared land with a coveted western exposure, ensuring stunning sunset views over the canal. The expansive lot boasts 98 feet of waterfront access, providing ample space for a boat and a wrap-around dock. Enjoy quick and easy access to the Gulf of Mexico, perfect for boating enthusiasts. Situated in Lee County, Florida, with a zip code of 33993, this property is ideally located in Southwest Florida. The lot's western exposure also ensures optimal sunlight for a pool throughout the day. This is a rare opportunity to own a piece of paradise in a highly sought-after location. The asking price for this remarkable property is $188,000. Don't miss out on this chance to create your ideal waterfront lifestyle.

    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
    -82.042539
    Latitude
    26.695339

    Comparable in this City

    • $178,900
      Pending

      Half Acre Lot in Cape Coral

      Half acre lot in Cape Coral with multi-family zoning.
      1303 Chiquita Blvd N, Cape Coral, FL 33993
      View Details
    • $49,000

      Cape Coral Residential Land - $49K

      10,000 sq ft vacant lot, R1 zoning.
      124 31St Pl, Cape Coral, FL 33993
      View Details
    • $49,000
      0.23 Acres

      Cape Coral Residential Land for Sale

      Prime 0.23-acre residential lot in Florida.
      120 31St Pl, Cape Coral, FL 33993
      View Details
    • $4,750,000
      10.00 Acres

      Cape Coral Mixed-Use Development Site

      10-acre mixed-use development site approved for multifamily and commercial use.
      801 Larch Rd, Cape Coral, FL 33993
      View Details
    • $6,900,000
      Pending

      Cape Coral Commercial Land Opportunity

      17.55 acres of commercial and multifamily development land available.
      3926 Kismet Pkwy W, Cape Coral, FL 33993
      View Details
    • $50,000

      Cape Coral Commercial Land Investment

      Prime 11,500 SF Corner Lot
      2720 21St Pl, Cape Coral, FL 33993
      View Details

    Similar Nearby for Sale

    • $50,000

      Cape Coral Commercial Land Investment

      Prime 11,500 SF Corner Lot
      2720 21St Pl, Cape Coral, FL 33993
      View Details
    • $10,900,000
      153.00 Acres

      Prime Morris County Office Space

      Two Suites Available, All-Inclusive Rent
      2901 Burnt Store Rd, Cape Coral, FL 33993
      View Details
    • $178,900
      Pending

      Half Acre Lot in Cape Coral

      Half acre lot in Cape Coral with multi-family zoning.
      1303 Chiquita Blvd N, Cape Coral, FL 33993
      View Details
    • $49,000

      Cape Coral Residential Land - $49K

      10,000 sq ft vacant lot, R1 zoning.
      124 31St Pl, Cape Coral, FL 33993
      View Details
    • $49,000
      0.23 Acres

      Cape Coral Residential Land for Sale

      Prime 0.23-acre residential lot in Florida.
      120 31St Pl, Cape Coral, FL 33993
      View Details
    • $4,750,000
      10.00 Acres

      Cape Coral Mixed-Use Development Site

      10-acre mixed-use development site approved for multifamily and commercial use.
      801 Larch Rd, Cape Coral, FL 33993
      View Details
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    Cape Coral, FL 33993
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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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