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    3017 Nelson Rd N Cape Coral, FL 33993

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    3017 Nelson Rd N Cape Coral, FL 33993

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    • Commercial real estate
    • 10,019 SF
    • 0.23 lot acres
    For Sale
    $49,500
    View Listing →
    Commercial Lot in Cape Coral For Sale
    $49,500
    0.23 Acres

    Commercial Lot in Cape Coral

    High-visibility commercial lot in a rapidly growing Cape Coral area.

    3017 Nelson Road N, Cape Coral, FL 33993
    View Listing
    Property ID
    US18-2263709
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3017 Nelson Rd N

    Lot size
    0.23 lot acres
    Property size
    10,019 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.23-acre vacant commercial land parcel, located at 3017 Nelson Road N in Cape Coral, Florida, presents a unique opportunity for entrepreneurial ventures. The property boasts a generous 10,019 square feet of buildable space, offering ample room for a variety of commercial developments. Situated within an established residential community, this location provides excellent visibility and accessibility, ensuring a strong foundation for any business. The asking price is $70,000, making this an attractive investment for those seeking a strategic foothold in a thriving area. The property's zip code is 33993, and its precise coordinates are latitude 26.6925892 and longitude -82.0625052. This is a rare chance to acquire a sizable commercial lot in a desirable location, perfect for entrepreneurs looking to establish their own business or for investors seeking a promising land investment in Cape Coral. The property is classified as vacant land and is ready for immediate development. Its location within a well-established residential area offers a built-in customer base and strong community ties. Don't miss this chance to secure this prime commercial property in a rapidly growing market. The county code is 12071.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    12071
    State
    Florida
    Longitude
    -82.0625052
    Latitude
    26.6925892

    Comparable in this City

    • $49,990
      0.23 Acres

      Residential Lot in Cape Coral

      10,019 sq ft lot in growing Cape Coral residential area.
      1313 Nelson Rd N, Cape Coral, FL 33993
      View Details
    • $50,000
      0.23 Acres

      Waterfront Lot in Cape Coral

      Waterfront lot ideal for building a dream home, no HOA.
      2119 NW 9Th Ter, Cape Coral, FL 33993
      View Details
    • $55,000
      0.23 Acres

      Residential Lot in Cape Coral

      0.23-acre residential lot in a growing Cape Coral neighborhood.
      2053 NW 3Rd St, Cape Coral, FL 33993
      View Details
    • $47,600
      0.34 Acres

      Commercial Land in Cape Coral

      Vacant commercial lot, cleared and ready for construction.
      26 NW 16Th Ter, Cape Coral, FL 33993
      View Details
    • $63,000
      0.24 Acres

      Corner Lot in Cape Coral

      Beautiful corner lot in a desirable Cape Coral neighborhood.
      226 NW 13Th St, Cape Coral, FL 33993
      View Details
    • $42,000
      0.23 Acres

      Waterfront Lot in Cape Coral

      0.23-acre waterfront lot with no HOA near beaches.
      2116 NW 17Th Ave, Cape Coral, FL 33993
      View Details

    Similar Nearby for Sale

    • $49,990
      0.23 Acres

      Residential Lot in Cape Coral

      10,019 sq ft lot in growing Cape Coral residential area.
      1313 Nelson Rd N, Cape Coral, FL 33993
      View Details
    • $50,000
      0.23 Acres

      Waterfront Lot in Cape Coral

      Waterfront lot ideal for building a dream home, no HOA.
      2119 NW 9Th Ter, Cape Coral, FL 33993
      View Details
    • $55,000
      0.23 Acres

      Residential Lot in Cape Coral

      0.23-acre residential lot in a growing Cape Coral neighborhood.
      2053 NW 3Rd St, Cape Coral, FL 33993
      View Details
    • $47,600
      0.34 Acres

      Commercial Land in Cape Coral

      Vacant commercial lot, cleared and ready for construction.
      26 NW 16Th Ter, Cape Coral, FL 33993
      View Details
    • $63,000
      0.24 Acres

      Corner Lot in Cape Coral

      Beautiful corner lot in a desirable Cape Coral neighborhood.
      226 NW 13Th St, Cape Coral, FL 33993
      View Details
    • $42,000
      0.23 Acres

      Waterfront Lot in Cape Coral

      0.23-acre waterfront lot with no HOA near beaches.
      2116 NW 17Th Ave, Cape Coral, FL 33993
      View Details
    View Listing
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    Cape Coral, FL 33993
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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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