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

    2728 16th Pl Cape Coral, FL 33904-3209

    • Assisted living facilities
    • 5,017 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0728608
    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

    • Dornoch Place / Health / Assisted Living Facility

    Property Details for 2728 16th Pl

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    5,017 SF
    Zone code
    R3-D
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    32-44-24-C1-01184.A010
    APU
    324424C101184A010

    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
    -81.9401
    Latitude
    26.6007
    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
    $11,370
    $68,147
    $658,634
    $726,781
    -
    $68,147
    $658,634
    $726,781

    Comparable in this City

    • Value Estimation
      $1,435,000
      24,195 SF

      4920 Viceroy Ct

      HOMES (RETIRED, NURSING) • 24,195 SF
      4920 Viceroy Ct, Cape Coral, FL 33904-9048
      View Details
    • Value Estimation by Request
      2,552 SF

      1219 26th Ter

      HOMES (RETIRED, NURSING) • 2,552 SF
      1219 26th Ter, Cape Coral, FL 33904-5731
      View Details
    • Value Estimation
      $5,195,000
      34,840 SF

      2629 Del Prado S Blvd

      HOMES (RETIRED, NURSING) • 34,840 SF
      2629 Del Prado S Blvd, Cape Coral, FL 33904-5769
      View Details
    • Value Estimation
      $705,000
      3,380 SF

      1321 47th Ter

      MEDICAL BUILDING • 3,380 SF
      1321 47th Ter, Cape Coral, FL 33904-9674
      View Details
    • Value Estimation by Request
      1,462 SF

      407 Cpe Coral E Pkwy

      MEDICAL BUILDING • 1,462 SF
      407 Cpe Coral E Pkwy, Cape Coral, FL 33904-8538
      View Details
    • Value Estimation by Request

      Cpe Coral Brg

      Medical offices
      0 Cpe Coral Brg, Fort Myers, FL 33904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,891 SF

      Medical Office Building For Sale

      Medical Office Building For Sale
      506 SE 47th Terrace, Cape Coral, FL 33904
      View Details
    • $250,000
      0.34 Acres

      Cape Coral Land For Sale

      Land with completed architectural plans for a 4-unit building.
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    • $549,500
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      Cape Coral Direct Gulf Access Duplex

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    • $199,900

      Land For Sale

      Land available for sale.
      248 SE 31St Ter, Cape Coral, FL 33904
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    • $255,000

      Gulf Access Lot For Sale

      Southern exposure gulf access lot with no lock.
      208 SE 31St Ter, Cape Coral, FL 33904
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    • $525,000
      0.23 Acres

      Income-Producing Duplex in Cape Coral

      Well-maintained duplex in a desirable Cape Coral location.
      4934-4932 Viceroy Ct, Cape Coral, FL 33904
      View Details

    Similar Nearby for Lease

    • $217,200
      22,521 SF

      New Office Building For Lease

      Brand new office building with flexible space, available for lease.
      1217 SE 47Th St, Cape Coral, FL 33904
      View Details
    • $15 SF/Yr
      4,000 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
    • $25 SF/Yr
      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

      Retail Space on Del Prado

      Retail space with high visibility on a major thoroughfare.
      Cape Coral, FL 33904
      View Details
    • $1,600 /Mo
      9,409 SF

      Cape Coral Commercial Office Space

      Commercial unit in Cape Coral, ideal for office space.
      1211 Miramar St, Cape Coral, FL 33904
      View Details
    • New
      $2,950 /Mo
      18,069 SF

      Cape Coral Commercial Space Available

      Air-conditioned office and warehouse space in downtown Cape Coral.
      4519 SE 16Th Pl, Cape Coral, FL 33904
      View Details
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    2728 16th Pl
    Cape Coral, FL 33904-3209
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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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