Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2508 Andalusia Blvd Cape Coral, FL 33909-2927

    • Warehouses
    • 4,640 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3752146
    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

    • Expert Engine Inc / Auto Repair Shop / Insurance Agency

    Property Details for 2508 Andalusia Blvd

    Year built
    1992
    Construction
    STEEL FRAME
    Lot size
    0.92 lot acres
    Property size
    4,640 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    30-43-24-C4-00300.0070
    APU
    304324C4003000070

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,299,000
      Market price range: $542k - $1.48M
      AI Estimate
      $1,112,000
      Market price range: $331k - $1.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $880,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,700,000
      Change: +94% Conversion: Moderate
      MEDICAL BUILDING
      $1,425,000
      Change: +62% Conversion: Difficult
      RETAIL STORES
      $1,410,000
      Change: +61% Conversion: Moderate
      OFFICE BUILDING
      $1,000,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9572
    Latitude
    26.6988
    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
    $10,215
    $261,914
    $725,346
    $987,260
    -
    $261,914
    $725,346
    $987,260

    Comparable in this City

    • Value Estimation
      $830,000
      4,346 SF

      329 3rd Ave

      WAREHOUSE, STORAGE • 4,346 SF
      329 3rd Ave, Cape Coral, FL 33909-2508
      View Details
    • Value Estimation
      $8,315,000
      21,346 SF

      1521 Del Prado N Blvd

      MINI-WAREHOUSE, STORAGE • 21,346 SF
      1521 Del Prado N Blvd, Cape Coral, FL 33909-1627
      View Details
    • Value Estimation
      $810,000
      5,200 SF

      2607 9th Ave

      WAREHOUSE, STORAGE • 5,200 SF
      2607 9th Ave, Cape Coral, FL 33909-2917
      View Details
    • Value Estimation
      $1,635,000
      11,500 SF

      2602 9th Ave

      WAREHOUSE, STORAGE • 11,500 SF
      2602 9th Ave, Cape Coral, FL 33909-2933
      View Details
    • Value Estimation by Request
      1,250 SF

      450 Andalusia Blvd

      WAREHOUSE, STORAGE • 1,250 SF
      450 Andalusia Blvd, Cape Coral, FL 33909-2022
      View Details
    • Value Estimation by Request
      2,720 SF

      1345 Old Pondella Rd, Unit 1

      WAREHOUSE, STORAGE • 2,720 SF
      1345 Old Pondella Rd, Cape Coral, FL 33909-5259
      View Details

    Similar Nearby for Sale

    • $5,499,000
      24,000 SF

      Cape Coral Industrial Building

      New 24,000 SF Flex Warehouse
      2501 Diplomat Pkwy, Cape Coral, FL 33909
      View Details
    • $5,499,000
      3.36 Acres

      Cape Coral Industrial Opportunity

      3.362-acre industrial property with plans for a 24,000 sqft warehouse.
      2501 Diplomat Pkwy E, Cape Coral, FL 33909
      View Details
    • $2,950,000
      0.62 Acres

      Cape Coral Commercial Building For Sale

      Versatile 2021 building with spray booth and 3-phase electric.
      329 NE 3Rd Ave, Cape Coral, FL 33909
      View Details
    • $279,500
      1,215 SF

      Cape Coral Flex Space Condo

      Versatile 1,215 SF flex space condo in Cape Coral, FL.
      413 NE Van Loon Ln, Cape Coral, FL 33909
      View Details
    • $2,450,000
      3,000 SF

      Cape Coral Commercial Warehouse Opportunity

      Well-maintained industrial warehouse with flexible options in Cape Coral, Florida.
      2528 Andalusia Blvd, Cape Coral, FL 33909
      View Details
    • $375,000
      0.46 Acres

      Cape Coral Commercial Lot For Sale

      Well-positioned 20,000 sq ft commercial lot with included permits.
      1021 NE 8Th St, Cape Coral, FL 33909
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      5,000 SF

      Cape Coral Warehouse For Rent

      50,000 SF warehouse in Mid-Cape Industrial area.
      847-905 SE 9Th Ter, Cape Coral, FL 33909
      View Details
    • $1,931 /Mo
      13,199 SF

      Cape Coral Flex Warehouse Space

      Flex office warehouse space, centrally located, easy access.
      326 NE 3Rd Ave, Cape Coral, FL 33909
      View Details
    • Contact for pricing
      16,200 SF

      Cape Coral Warehouse Space Available

      Modern Warehouse, Flexible Lease Options
      669-677 Stonecrest Ln, Cape Coral, FL 33909
      View Details
    • $17 SF/Yr
      6,795 SF

      Industrial Warehouse Space Available

      6,795 SF warehouse with overhead doors for lease.
      901 E Industrial Cir, Cape Coral, FL 33909
      View Details
    • $2,100 /Mo
      73,094 SF

      Cape Coral Warehouse with Office

      Warehouse space with office in North Cape Industrial Park.
      909 NE 27Th Ln, Cape Coral, FL 33909
      View Details
    • $17 SF/Yr
      33,479 SF

      Cape Coral Flex Space Available

      Flex space available for lease in Cape Coral, Florida.
      911 East Industrial Cir, Cape Coral, FL 33909
      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.
    2508 Andalusia Blvd
    Cape Coral, FL 33909-2927
    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

    Google sign-in failed. Please try again or use another login method.