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

    2390 Surfside Blvd Cape Coral, FL 33991-3171

    • Strip malls
    • 4,960 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    Jul 07, 2022
    $2,781,900
    Value Estimations
    $2,820,000
    Show details
    Cap Rate Potential
    2.7%
    Strip malls
    Location Intelligence
    Property ID
    US18-5554140
    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

    • Pure Green - Juice Bar Cape Coral / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • Club Pilates / Gym & Fitness Center
    • Starbucks / Cafe & Coffee Shop

    Property Details for 2390 Surfside Blvd

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.03 lot acres
    Property size
    4,960 SF
    Zone code
    C-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    29-44-23-C3-00971.0020
    APU
    294423C3009710020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,910,000
      ML approach
      $2,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,507,000
      Market price range: $861k - $3.09M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,815,000
      Current use
      AUTO REPAIR, GARAGE
      $3,495,000
      Change: +92% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,975,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -82.0249
    Latitude
    26.6078
    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
    $35,268
    $1,591,680
    $566,142
    $2,157,822
    -
    $1,591,680
    $566,142
    $2,157,822

    Comparable in this City

    • Value Estimation
      $4,495,000
      24,947 SF

      900 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 24,947 SF
      900 Pne Is Rd, Cape Coral, FL 33991-1979
      View Details
    • Value Estimation
      $680,000
      4,422 SF

      1306 Santa Barbara Blvd

      SHOPPING CENTER, STRIP CENTER • 4,422 SF
      1306 Santa Barbara Blvd, Cape Coral, FL 33991-2848
      View Details
    • Value Estimation
      $3,600,000
      5,772 SF

      1025 Santa Barbara Blvd

      SHOPPING CENTER, STRIP CENTER • 5,772 SF
      1025 Santa Barbara Blvd, Cape Coral, FL 33991-2839
      View Details
    • Value Estimation
      $2,945,000
      13,241 SF

      814 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 13,241 SF
      814 Pne Is Rd, Cape Coral, FL 33991-1939
      View Details
    • Value Estimation
      $1,265,000
      10,396 SF

      706 Pne Is Rd

      SHOPPING CENTER, STRIP CENTER • 10,396 SF
      706 Pne Is Rd, Cape Coral, FL 33991-1999
      View Details
    • Value Estimation
      $1,125,000
      6,840 SF

      2221 Santa Barbara Blvd

      SHOPPING CENTER, STRIP CENTER • 6,840 SF
      2221 Santa Barbara Blvd, Cape Coral, FL 33991-4318
      View Details

    Similar Nearby for Sale

    • $1,195,000

      Cape Coral Retail/Medical Opportunity

      Retail or medical property for sale in Cape Coral, Florida.
      1525 Skyline Blvd, Cape Coral, FL 33991
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    • $269,000
      Pending

      Cape Coral Commercial Development Opportunity

      Commercial development opportunity with mixed-use potential in a rapidly growing area.
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      Commercial Unit For Lease

      959 sq ft commercial unit available for lease.
      1624 Santa Barbara Blvd S, Cape Coral, FL 33991
      View Details
    • New
      $180,000
      0.52 Acres

      Commercial Lot in Pine Island

      Multi-use commercial corner lot in the Pine Island Corridor.
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      Established Vietnamese Restaurant in Cape Coral

      Profitable, turnkey Vietnamese restaurant for sale in a prime location.
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      24,000 SF

      Skyline Apartments: Cape Coral, FL

      Luxury Apartments, High Occupancy
      907 Skyline Blvd, Cape Coral, FL 33991
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    Similar Nearby for Lease

    • Contact for pricing
      158,820 SF

      Retail Space in Fountain Shoppes

      2,400 SF retail/office space in Cape Coral, FL.
      814 SW Pine Island Rd, Cape Coral, FL 33991
      View Details
    • $35 SF/Yr
      10,400 SF

      Prime Medical Retail Space, Cape Coral

      10,400 SF, Class A, Pre-leasing Now
      122 Chiquita Blvd, Cape Coral, FL 33991
      View Details
    • $32 SF/Yr
      8,970 SF

      New Construction Retail/Office/Medical Space

      New construction retail, office, or medical space for lease.
      2307 Sandoval Blvd, Cape Coral, FL 33991
      View Details
    • Contact for pricing
      43,560 SF

      Prime Cape Coral Commercial Property

      Retail, Office, & Land Available
      0 Nwc Pne Is Rd & Chiquita Blvd, Cape Coral, FL 33991
      View Details
    • Contact for pricing
      1,340 SF

      Retail Space in Cape Coral

      Retail space with high visibility in a populated area.
      2209 Santa Barbara Blvd, Cape Coral, FL 33991
      View Details
    • $700 /Mo
      25,003 SF

      Cape Coral Professional Office Suite

      Professional office suite with included utilities and shared amenities.
      618 SW 3Rd St, Cape Coral, FL 33991
      View Details
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    Cape Coral, FL 33991-3171
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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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