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    395 Santa Barbara Blvd N Cape Coral, FL 33909
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    395 Santa Barbara Blvd N Cape Coral, FL 33909

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    • Medical Office Space
    • 4,894 SF
    • 1.50 lot acres
    For Sale
    $1,900,000
    View Listing →
    Medical Office with Expansion Potential For Sale
    $1,900,000
    4,894 SF

    Medical Office with Expansion Potential

    Medical office building with surgery suite and expansion possibilities.

    395 Santa Barbara Blvd N, Cape Coral, FL
    View Listing
    Property ID
    US18-4953625
    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

    • Santa Barbara Animal Hospital / Veterinary Clinic

    Property Details for 395 Santa Barbara Blvd N

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.50 lot acres
    Property size
    4,894 SF
    Zone code
    CORR
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    12-44-23-C4-02371.000D
    APU
    124423C402371000D

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,020,000
      6.5%
      $940,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $900,000
      Market price range: $392k - $1.13M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,505,000
      Current use
      RETAIL STORES
      $1,490,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9738
    Latitude
    26.6593
    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
    $26,600
    $328,325
    $1,102,922
    $1,431,247
    -
    $328,325
    $1,102,922
    $1,431,247

    Comparable in this City

    • Value Estimation by Request
      1,199 SF

      2814 Diplomat W Pkwy

      HOMES (RETIRED, NURSING) • 1,199 SF
      2814 Diplomat W Pkwy, Cape Coral, FL 33993-4823
      View Details
    • Value Estimation by Request
      544 SF

      4566 Pne Is NW Rd

      OFFICE (GENERAL) • 544 SF
      4566 Pne Is NW Rd, Matlacha, FL 33993-9785
      View Details
    • Value Estimation
      $895,000
      1,536 SF

      4574 Pne Is NW Rd

      OFFICE BUILDING (MULTI-STORY) • 1,536 SF
      4574 Pne Is NW Rd, Matlacha, FL 33993-9710
      View Details
    • Value Estimation
      $555,000
      2,332 SF

      4120 Pne Is NW Rd

      OFFICE BUILDING (MULTI-STORY) • 2,332 SF
      4120 Pne Is NW Rd, Matlacha, FL 33993-9797
      View Details
    • Value Estimation by Request
      266,000 SF

      95 29Th St

      Office Spaces • 266,000 SF
      95 29Th St, Cape Coral, FL 33993
      View Details
    • Value Estimation by Request
      768 SF

      4700 Pne Is NW Rd

      OFFICE BUILDING (MULTI-STORY) • 768 SF
      4700 Pne Is NW Rd, Matlacha, FL 33993-9783
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Commercial Land in Cape Coral

      Versatile commercial lot suitable for office, medical, or professional use.
      1708 NW 1St Ave, Cape Coral, FL 33993
      View Details
    • $750,000
      0.21 Acres

      Waterfront Commercial Property in Matlacha

      Income-producing commercial property with waterfront appeal in Pine Island.
      4547 Pine Island Rd NW, Matlacha, FL 33993
      View Details
    • $94,500

      Commercial Parcel in Growing Area

      0.45-acre commercial parcel in Northwest Cape Coral.
      1633 NW 32Nd Pl, Cape Coral, FL 33993
      View Details
    • $599,900
      0.11 Acres

      Matlacha Retail Corner, Prime Location

      Historic Seafood Market, High Traffic
      4573 Pine Island Rd, Matlacha, 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
    View Listing
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    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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    395 Santa Barbara Blvd N, Cape Coral, FL, 33909
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