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    4423 Chiquita S Blvd Cape Coral, FL 33914
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    Property profile & analytics

    4423 Chiquita S Blvd, Cape Coral, FL 33914

    View on Map
    • Retail space
    • 9,147 SF
    • 1.26 lot acres
    Off-Market
    Last Sale Dec 23, 2020
    Property ID
    US18-3317359
    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
    $1,995,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Discount Store
    • Western Union / Bank / Credit Union

    Property Details for 4423 Chiquita S Blvd

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    1.26 lot acres
    Zone code
    MR
    Property type
    Retail space
    APN
    10-45-23-C4-03326.0290
    APU
    104523C4033260290

    Description

    This exceptional 1.28-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Cape Coral, Florida. Located at 4423 Chiquita Blvd S (adjacent to), this property is zoned C and boasts high visibility and traffic flow due to its strategic location near numerous popular businesses including McDonald's, Burger King, Walgreens, Publix, Dollar General, Wells Fargo, Dunkin' Donuts, and DaVita Kidney Care. The property's prime location makes it suitable for a wide range of commercial ventures, such as a car wash, fast-food restaurant, strip mall, office complex, or medical facility (e.g., dental clinic). The asking price of $749,900 is notably below the assessed tax value, making this an attractive proposition for discerning investors. The property's APN numbers are 03326.0390 and 03326.0010. All offers will be considered. This is a for-sale-by-owner listing in Lee County, Florida, zip code 33914. The property is situated at latitude 26.567379891004958 and longitude -82.00666311653652.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,300,000
      6.5%
      $2,120,000
      7%
      $1,970,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,641,000
      Market price range: $527k - $2.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,785,000
      Current use
      MEDICAL BUILDING
      $2,810,000
      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
    -82.0063
    Latitude
    26.5684
    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
    $40,437
    $1,513,820
    $932,094
    $2,445,914
    -
    $1,513,820
    $932,094
    $2,445,914

    Comparable in this City

    • Value Estimation
      $1,710,000
      7,585 SF

      2625 8th Pl

      RETAIL STORES (PERSONAL SERVICES)
      2625 8th Pl, Cape Coral, FL 33914-4104
      View Details
    • Value Estimation
      $565,000
      1,731 SF

      6095 Silver King Blvd

      RETAIL STORES (PERSONAL SERVICES)
      6095 Silver King Blvd, Cape Coral, FL 33914-8058
      View Details
    • Value Estimation
      $1,745,000
      8,000 SF

      2614 Skyline Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2614 Skyline Blvd, Cape Coral, FL 33914-4648
      View Details
    • Value Estimation by Request
      1,216 SF

      6179 Black Marlin Ln

      RETAIL STORES (PERSONAL SERVICES)
      6179 Black Marlin Ln, Cape Coral, FL 33914-8102
      View Details
    • Value Estimation
      $1,180,000
      8,897 SF

      4716 Chiquita S Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4716 Chiquita S Blvd, Cape Coral, FL 33914-6359
      View Details
    • Value Estimation by Request
      1,830 SF

      3802 Skyline Blvd

      RETAIL STORES (PERSONAL SERVICES)
      3802 Skyline Blvd, Cape Coral, FL 33914-5368
      View Details

    Similar Nearby for Sale

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      Cape Coral Retail Opportunity

      Retail property for sale in Cape Coral, Florida.
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      Cape Coral Commercial Property For Sale

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    Similar Nearby for Lease

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      $1,200 /Mo

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      Well-located retail space within a walkable mixed-use waterfront setting with strong destination foot traffic.
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    • $535 /Mo
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      Class A Office Suites

      Executive suites with included amenities in Cape Coral, Florida.
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      View Details
    • $650 /Mo
      23,740 SF

      Office Suites in Cape Coral

      Office suites available with included amenities in a prime location.
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    • Contact for pricing
      1,284 SF

      Office Space in Bidwell Plaza

      Office space available for rent in high-traffic Bidwell Plaza.
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      View Details
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    Cape Coral, FL 33914
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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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