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    2607 Del Prado S Blvd Cape Coral, FL 33904-5769
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    Property profile & analytics

    2607 Del Prado S Blvd, Cape Coral, FL 33904-5769

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    • Grocery and convenience stores
    • 5,928 SF
    • 2.44 lot acres
    Off-Market
    Property ID
    US18-2108597
    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
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RaceTrac / Grocery & Convenience Store

    Property Details for 2607 Del Prado S Blvd

    Year built
    2013
    Construction
    STEEL FRAME
    Lot size
    2.44 lot acres
    Zone code
    C1-D
    Property type
    Grocery and convenience stores
    APN
    32-44-24-C1-01194.B020
    APU
    324424C101194B020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2011 $1,500,000 Racetrac Petroleum INC Steve Westphals Used Car Fact Warranty Deed —
    Aug 24, 1998 $1,275,000 Steve Westphals Used Car Facto Cape Coral National Bank Grant Deed $1.4M · Cape Coral National Bank
    — — Steve Westphals Used Car Fact — Deed Of Trust · related $1.2M · Wachovia Bank NA
    — — Racetrac Petroleum INC — Deed Of Trust · related $21.6M · Bancorpsouth

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,570,000
      6.5%
      $1,450,000
      7%
      $1,345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,580,000
      Market price range: $837k - $3.54M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,820,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9406
    Latitude
    26.6038
    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
    $53,052
    $2,553,400
    $822,863
    $3,376,263
    -
    $2,553,400
    $822,863
    $3,376,263

    Comparable in this City

    • Value Estimation
      $960,000
      5,135 SF

      819 26th St

      CONVENIENCE STORE
      819 26th St, Cape Coral, FL 33904-2903
      View Details
    • Value Estimation by Request
      2,220 SF

      2808 Del Prado S Blvd

      CONVENIENCE STORE
      2808 Del Prado S Blvd, Cape Coral, FL 33904-7260
      View Details
    • Value Estimation
      $500,000
      2,688 SF

      4403 Del Prado S Blvd

      CONVENIENCE STORE
      4403 Del Prado S Blvd, Cape Coral, FL 33904-7440
      View Details
    • Value Estimation
      $2,240,000
      3,004 SF

      345 Cpe Coral E Pkwy

      CONVENIENCE STORE
      345 Cpe Coral E Pkwy, Cape Coral, FL 33904-8525
      View Details
    • Value Estimation
      $500,000
      2,680 SF

      533 Cpe Coral E Pkwy

      CONVENIENCE STORE
      533 Cpe Coral E Pkwy, Cape Coral, FL 33904-8545
      View Details
    • Value Estimation
      $655,000
      2,244 SF

      1206 Cpe Coral E Pkwy

      CONVENIENCE STORE
      1206 Cpe Coral E Pkwy, Cape Coral, FL 33904-9605
      View Details

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      Cape Coral Retail/Office Unit

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      Cape Coral Two-Unit Building For Sale

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    • $1,050,000
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      Cape Coral Commercial Property For Sale

      Commercial property in downtown Cape Coral with two leased units.
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    • New
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      Leased Retail Building with New Roof

      Single-tenant retail building in Cape Coral with a recently replaced roof and an active vape shop lease.
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    Similar Nearby for Lease

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      Cape Coral Commercial Office Space

      Multi-tenant office building with warehouse space available for rent.
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      View Details
    • $18 SF/Yr

      Cape Coral Office/Retail Space

      Exceptional office/retail space in Cape Coral, FL, with ample parking.
      1634 SE 47Th St, Cape Coral, FL 33904
      View Details
    • Contact for pricing
      3,919 SF

      Cape Coral Retail Opportunity

      Retail space with drive-thru and ample parking available for rent.
      915 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • Contact for pricing
      1,100 SF

      Downtown Cape Coral Commercial Space

      1,100 SF commercial space in high-traffic downtown Cape Coral.
      1303 SE 47Th Ter, Cape Coral, FL 33904
      View Details
    • Contact for pricing
      12,857 SF

      Retail Space in Downtown Cape

      Retail space available in a busy Cape Coral shopping center.
      1000 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • Contact for pricing
      1,920 SF

      Retail Space on Del Prado

      Retail space with high visibility and traffic count.
      4515 Del Prado Blvd S, Cape Coral, FL 33904
      View Details
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    Cape Coral, FL 33904-5769
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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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