Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2420 Santa Barbara Blvd, Unit 2426 Cape Coral, FL 33914-4485
    Back to Search
    Property profile & analytics

    2420 Santa Barbara Blvd, Unit 2426, Cape Coral, FL 33914-4485

    View on Map
    • Grocery and convenience stores
    • 62,454 SF
    • 8.11 lot acres
    Off-Market
    Property ID
    US19-0458091
    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.
    Value Estimations
    $9,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Publix Pharmacy at Midpoint Center / Pharmacy
    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • Publix Super Market at Midpoint Center / Specialty Food Shop / Supermarket
    • Western Union / Bank / Credit Union
    • Florida MV Express Kiosk / Department Of Motor Vehicles / Kiosk

    Property Details for 2420 Santa Barbara Blvd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.11 lot acres
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    35-44-23-C2-0010B.0000
    APU
    354423C20010B0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2018 $16,500,000 Real Sub LLC Bre Tarpon Midpoint Center LLC Grant Deed —
    Jan 4, 2012 $13,900,000 Bre Tarpon Midpoint Center LLC Equity One Midpoint INC Grant Deed $72M · Us Bank NA #2003-iq5 (ce)
    Dec 15, 2006 $12,450,000 Equity One Midpoint INC Midpoint Center LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,568,000
      Market price range: $3.60M - $14.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9758
    Latitude
    26.6065
    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
    $158,580
    $4,429,516
    $5,360,365
    $9,789,881
    -
    $4,429,516
    $5,360,365
    $9,789,881

    Comparable in this City

    • Value Estimation
      $4,375,000
      6,026 SF

      2603 Santa Barbara Blvd

      CONVENIENCE STORE
      2603 Santa Barbara Blvd, Cape Coral, FL 33914-4457
      View Details
    • Value Estimation
      $930,000
      3,000 SF

      801 Cpe Coral W Pkwy

      CONVENIENCE STORE
      801 Cpe Coral W Pkwy, Cape Coral, FL 33914-7304
      View Details
    • Value Estimation
      $840,000
      3,030 SF

      3129 Chiquita S Blvd

      CONVENIENCE STORE
      3129 Chiquita S Blvd, Cape Coral, FL 33914-4265
      View Details
    • Value Estimation by Request
      3,167 SF

      3206 Santa Barbara Blvd

      CONVENIENCE STORE
      3206 Santa Barbara Blvd, Cape Coral, FL 33914-5056
      View Details
    • Value Estimation
      $5,660,000
      24,615 SF

      2615 Santa Barbara Blvd

      GROCERY, SUPERMARKET
      2615 Santa Barbara Blvd, Cape Coral, FL 33914-4457
      View Details
    • Value Estimation
      $1,135,000
      3,910 SF

      2412 Santa Barbara Blvd

      CONVENIENCE STORE
      2412 Santa Barbara Blvd, Cape Coral, FL 33914-4485
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Suite in Waterfront Mixed-Use

      Ground-floor retail in Cape Harbour’s main shopping area, suited for small-format retail, showrooms, and appointment-based users.
      5781 Cape Harbour Dr, Cape Coral, FL 33914
      View Details
    • $1,361,000

      Cape Coral Retail Opportunity

      Retail property for sale in Cape Coral, Florida.
      4910 Chiquita Blvd Cpe S, Coral, FL 33914
      View Details
    • $535,000

      Cape Coral Commercial Property For Sale

      Commercial property in Cape Coral available for purchase.
      122 SW 48Th Ter, Cape Coral, FL 33914
      View Details
    • New
      $17,500,000
      14.65 Acres

      Waterfront Commercial Development Land

      Two adjacent waterfront parcels with an on-site sales center provide flexible commercial and mixed-use development opportunities.
      5803 Overseas Way, Cape Coral, FL 33914
      View Details
    • Contact for pricing
      3,675 SF

      Cape Coral Car Wash Opportunity

      Car wash with premium services in a growing waterfront community.
      601 Cape Coral Pkwy W, Cape Coral, FL 33914
      View Details

    Similar Nearby for Lease

    • New
      $1,200 /Mo

      Retail Suite at Waterfront Destination

      Well-located retail space within a walkable mixed-use waterfront setting with strong destination foot traffic.
      5781 Cape Harbour Dr, Cape Coral, FL 33914
      View Details
    • Contact for pricing
      1,284 SF

      Office Space in Bidwell Plaza

      Office space available for rent in high-traffic Bidwell Plaza.
      1715 Cape Coral Pkwy W, Cape Coral, FL 33914
      View Details
    • $535 /Mo
      43,560 SF

      Class A Office Suites

      Executive suites with included amenities in Cape Coral, Florida.
      4706 Chiquita Blvd S, Cape Coral, FL 33914
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2420 Santa Barbara Blvd, Unit 2426
    Cape Coral, FL 33914-4485
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2420 Santa Barbara Blvd, Cape Coral, FL, 33914
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!