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

    2831 NE 5Th Pl Cape Coral, FL 33909

    • Commercial real estate
    For Sale
    View listing
    $50,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5220789
    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

    • Commercial real estate

    Property Details for 2831 NE 5Th Pl

    Property type
    Commercial real estate

    Description

    This exceptional 11,325.6 square foot commercial lot is located at 2831 5th Place, Cape Coral, Florida, 33909. The property is designated as commercial land and presents a unique opportunity for development. Situated in Lee County, this vacant lot offers significant potential for various commercial ventures. The asking price for this prime piece of real estate is $50,000. Its location in Cape Coral provides access to a thriving community and its amenities. The lot's size allows for substantial building plans, catering to a range of commercial needs. Detailed site plans and zoning information are readily available upon request. This property is ideal for entrepreneurs and investors seeking a strategic location to establish their business in a desirable Florida market. The property's address is easily accessible and benefits from its proximity to local infrastructure and transportation networks. This is a rare opportunity to acquire a sizeable commercial lot in a highly sought-after area of Cape Coral. Don't miss out on this chance to secure a valuable asset in a growing market. Further information regarding utilities and development restrictions can be provided.

    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
    -81.961698
    Latitude
    26.706179

    Comparable in this City

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      Prime Cape Coral Retail Outparcel

      1.56 Acres, High Traffic, $1.75M
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    • $50,000

      Cape Coral Commercial Land Opportunity

      Prime 11,325 sq ft waterfront lot
      2429 5Th Pl, Cape Coral, FL 33909
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    • $56,800
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      Waterfront Land in Cape Coral

      Waterfront land with seawall ready for your dream paradise.
      2240 NE 13Th Ln, Cape Coral, FL 33909
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    • $54,000
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      Cape Coral Vacant Lot Opportunity

      Prime vacant lot in Northeast Cape Coral, ready for development.
      429 NE 17Th Ter, Cape Coral, FL 33909
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    • $149,900
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      Cape Coral Vacant Commercial Lot

      Vacant commercial lot in Cape Coral, build your dream business.
      1829 NE 10Th Ter, Cape Coral, FL 33909
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    • $54,000
      0.24 Acres

      Cleared Lot in Cape Coral

      Build-ready parcel in high-demand Northeast Cape Coral corridor.
      602 NE 12Th St, Cape Coral, FL 33909
      View Details

    Similar Nearby for Sale

    • $1,750,000
      1.56 Acres

      Prime Cape Coral Retail Outparcel

      1.56 Acres, High Traffic, $1.75M
      19 Pine Island Rd, Cape Coral, FL 33909
      View Details
    • $50,000

      Cape Coral Commercial Land Opportunity

      Prime 11,325 sq ft waterfront lot
      2429 5Th Pl, Cape Coral, FL 33909
      View Details
    • $56,800
      0.40 Acres

      Waterfront Land in Cape Coral

      Waterfront land with seawall ready for your dream paradise.
      2240 NE 13Th Ln, Cape Coral, FL 33909
      View Details
    • $54,000
      0.24 Acres

      Cape Coral Vacant Lot Opportunity

      Prime vacant lot in Northeast Cape Coral, ready for development.
      429 NE 17Th Ter, Cape Coral, FL 33909
      View Details
    • $149,900
      0.28 Acres

      Cape Coral Vacant Commercial Lot

      Vacant commercial lot in Cape Coral, build your dream business.
      1829 NE 10Th Ter, Cape Coral, FL 33909
      View Details
    • $54,000
      0.24 Acres

      Cleared Lot in Cape Coral

      Build-ready parcel in high-demand Northeast Cape Coral corridor.
      602 NE 12Th St, Cape Coral, FL 33909
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Cape Coral Retail Land

      1.56 Acres, High-Traffic Location
      19 Pine Island Rd, 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
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    • $26 SF/Yr
      20,269 SF

      Prime Retail/Office Space, Pine Island Rd

      Modern 20,269 SF building, 2,200 SF available
      1260 8Th St, Cape Coral, FL 33909
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    • $10 SF/Yr
      250,000 SF

      Cape Coral Distribution Space Available

      100,000-250,000 SF distribution space in master-planned development.
      1700 Home Of The Brave Blvd, Cape Coral, FL 33909
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    • $15 SF/Yr
      1,215 SF

      Cape Coral Flex Space Available

      1,215 SF flex space in NE Cape Coral for lease.
      413 NE Van Loon Ln, Cape Coral, FL 33909
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    • $44 SF/Yr
      8,800 SF

      Prime Cape Coral Retail Space

      8,800 SF Multi-Tenant Retail Building
      903 15Th Pl, Cape Coral, FL 33909
      View Details
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    2831 NE 5Th Pl
    Cape Coral, FL 33909
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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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