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

    3421 Stringfellow Rd Saint James City, FL 33956-2347

    • Turn key restaurants
    • 1,650 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2021
    $1,585,000
    Value Estimations
    $1,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1259739
    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

    • Marker 3 Coastal Cantina / Mexican Restaurant

    Property Details for 3421 Stringfellow Rd

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property size
    1,650 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    35-45-22-05-00001.0010
    APU
    35452205000010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,555,000
      ML approach
      $1,490,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $955,000
      Current use
      AUTO REPAIR, GARAGE
      $1,165,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,025,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint James City
    County
    Lee
    State
    Florida
    Longitude
    -82.0833
    Latitude
    26.5098
    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
    $4,907
    $311,949
    $10
    $311,959
    -
    $311,949
    $10
    $311,959

    Comparable in this City

    • Value Estimation
      $455,000
      3,510 SF

      3620 Stringfellow Rd

      RESTAURANT • 3,510 SF
      3620 Stringfellow Rd, Saint James City, FL 33956-2350
      View Details
    • Value Estimation
      $2,835,000
      2,089 SF

      3051 Stringfellow Rd

      RESTAURANT • 2,089 SF
      3051 Stringfellow Rd, Saint James City, FL 33956-2343
      View Details
    • Value Estimation
      $340,000
      1,976 SF

      2131 Oleander St

      RESTAURANT • 1,976 SF
      2131 Oleander St, Saint James City, FL 33956-2029
      View Details
    • Value Estimation
      $825,000
      1,356 SF

      10251 Stringfellow Rd

      RESTAURANT • 1,356 SF
      10251 Stringfellow Rd, Saint James City, FL 33956-3246
      View Details
    • Value Estimation
      $285,000
      1,395 SF

      3135 Stringfellow Rd

      RESTAURANT • 1,395 SF
      3135 Stringfellow Rd, Saint James City, FL 33956-2343
      View Details
    • Value Estimation
      $330,000
      2,680 SF

      10499 Stringfellow Rd

      CONVENIENCE STORE • 2,680 SF
      10499 Stringfellow Rd, Saint James City, FL 33956-3210
      View Details

    Similar Nearby for Sale

    • $749,000
      Pending

      Pine Island Commercial Building For Sale

      2100 SqFt commercial building in Pine Island Center.
      10493 Stringfellow Rd, Saint James City, FL 33956
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    • $48,900

      Established Salon in Winn Dixie Center

      Well-established beauty salon in a convenient location.
      9848 Stringfellow Rd, St James City, FL 33956
      View Details
    • $369,900
      0.28 Acres

      Waterfront Land in St James

      Gulf-access triple lot with dock in St James City.
      3210 Stabile Rd, St James City, FL 33956
      View Details
    • $159,900
      0.22 Acres

      Residential Lot in Flamingo Bay

      Large lot with water access and community amenities.
      5008 Sandpiper Dr, St James City, FL 33956
      View Details
    • $239,000
      2.52 Acres

      Gated 2.5-Acre Island Retreat

      Rare 2.5-acre gated property near beaches and waterfront restaurants.
      4159 Sunshine Blvd, Saint James City, FL 33956
      View Details
    • $39,900
      0.31 Acres

      Land in St James City

      Vacant lot ready for your dream home in St James City.
      3488 Mango St, St James City, FL 33956
      View Details

    Similar Nearby for Lease

    • $1,850 /Mo
      35,000 SF

      Commercial Land For Rent

      Commercial land available for rent, construction completion December 2025.
      10081 Betsy Pkwy, Saint James City, FL 33956
      View Details
    • $1,550 /Mo
      19,994 SF

      Warehouse Unit For Lease

      Warehouse unit available for lease with overhead door.
      5280 Doug Taylor Cir, Saint James City, FL 33956
      View Details
    • $14 SF/Yr
      121,576 SF

      Remodeled Office Spaces Available

      Newly remodeled office spaces for lease with tenant build-out.
      8359 Stringfellow Rd, Saint James City, FL 33956
      View Details
    • $1,550 /Mo
      46,696 SF

      Warehouse Unit For Lease

      Newer warehouse unit available for lease.
      10161 Mallory Pkwy E, Saint James City, FL 33956
      View Details
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    3421 Stringfellow Rd
    Saint James City, FL 33956-2347
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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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