Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4701 Coronado Pkwy Cape Coral, FL 33904

    • Commercial land
    • 0.16 lot acres
    For Sale
    View listing
    $850,000
    Last Sale
    Mar 04, 2024
    $725,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5516862
    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 land

    Property Details for 4701 Coronado Pkwy

    Lot size
    0.16 lot acres
    Zone code
    SC
    Property type
    Commercial land
    APN
    07-45-24-C4-00353.0010
    APU
    074524C4003530010

    Description

    This exceptional 0.38-acre commercial land parcel presents a remarkable opportunity for astute investors and developers. Situated at 4701 Coronado Parkway in the vibrant heart of Cape Coral, Florida (zip code 33904), this property boasts a prime location within Lee County, offering unparalleled visibility and accessibility. The site's strategic placement ensures high traffic volume, making it perfect for a wide range of commercial ventures. The asking price is $850,000. This is a rare chance to acquire a substantial piece of land in a thriving downtown area, poised for significant growth and development. The address is easily accessible, with excellent visibility from Coronado Parkway. The 0.38-acre lot provides ample space for constructing a new building or expanding an existing business. This property is zoned for commercial use, allowing for a variety of development possibilities. Its location in the bustling downtown Cape Coral area guarantees high foot traffic and exposure to a large customer base. Don't miss this opportunity to secure a prime piece of commercial real estate in one of Florida's most dynamic cities. The coordinates are 26.56461757 latitude and -81.95768374 longitude. This is a four-lot site.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9576
    Latitude
    26.5645
    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
    $1,447
    $71,250
    $0.00
    $71,250
    -
    $71,250
    $0.00
    $71,250

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      4932 Tudor Dr

      VACANT COMMERCIAL LAND • 0.45 Acres
      4932 Tudor Dr, Cape Coral, FL 33904
      View Details
    • Value Estimation by Request
      0.07 Acres

      4832 Vincennes St

      VACANT COMMERCIAL LAND • 0.07 Acres
      4832 Vincennes St, Cape Coral, FL 33904-9140
      View Details
    • Value Estimation by Request
      0.14 Acres

      1237 Lafayette St

      VACANT COMMERCIAL LAND • 0.14 Acres
      1237 Lafayette St, Cape Coral, FL 33904
      View Details
    • Value Estimation by Request
      0.07 Acres

      809 Lafayette St

      VACANT COMMERCIAL LAND • 0.07 Acres
      809 Lafayette St, Cape Coral, FL 33904
      View Details
    • Value Estimation by Request
      0.34 Acres

      4811 Marine Dr

      VACANT COMMERCIAL LAND • 0.34 Acres
      4811 Marine Dr, Cape Coral, FL 33904-9483
      View Details
    • Value Estimation by Request
      0.25 Acres

      3733 Del Prado S Blvd

      VACANT COMMERCIAL LAND • 0.25 Acres
      3733 Del Prado S Blvd, Cape Coral, FL 33904-7142
      View Details

    Similar Nearby for Sale

    • $460,000
      0.23 Acres

      Cape Coral Land For Sale

      Vacant commercial land in Cape Coral, Florida.
      5171 Sunnybrook Ct, Cape Coral, FL 33904
      View Details
    • $1,250,000
      0.80 Acres

      Gulf Access Land Opportunity

      Gulf access land approved for 12 units in Cape Coral.
      5119 Coronado Pkwy, Cape Coral, FL 33904
      View Details
    • $299,900
      0.14 Acres

      Cape Coral Commercial Lots

      Two commercial lots near Cape Coral Parkway, zoned SC Mixed-Use.
      819 Lafayette St, Cape Coral, FL 33904
      View Details
    • $299,000

      Cape Coral Land For Sale

      Located north of Cape Coral Pkwy and Palm Tree Blvd.
      4623 Palm Tree Blvd, Cape Coral, FL 33904
      View Details
    • $420,000
      0.23 Acres

      Cape Coral Direct Access Lot

      Direct sailboat access lot near restaurants and airport.
      3331 SE 19Th Ave, Cape Coral, FL 33904
      View Details
    • $599,900
      0.38 Acres

      Commercial Land in Cape Coral

      Land zoned SC, suitable for retail, office, or multifamily development.
      4710 SE 9Th Pl, Cape Coral, FL 33904
      View Details

    Similar Nearby for Lease

    • $217,200
      22,521 SF

      New Office Building For Lease

      Brand new office building with flexible space, available for lease.
      1217 SE 47Th St, Cape Coral, FL 33904
      View Details
    • $15 SF/Yr
      4,000 SF

      Retail Space on Del Prado

      Retail space with high visibility and traffic count.
      4515 Del Prado Blvd S, Cape Coral, FL 33904
      View Details
    • $25 SF/Yr
      12,857 SF

      Retail Space in Downtown Cape

      Retail space available in a busy Cape Coral shopping center.
      1000 Cape Coral Pkwy E, Cape Coral, FL 33904
      View Details
    • Contact for pricing

      Retail Space on Del Prado

      Retail space with high visibility on a major thoroughfare.
      Cape Coral, FL 33904
      View Details
    • $1,600 /Mo
      9,409 SF

      Cape Coral Commercial Office Space

      Commercial unit in Cape Coral, ideal for office space.
      1211 Miramar St, Cape Coral, FL 33904
      View Details
    • $2,950 /Mo
      18,069 SF

      Cape Coral Commercial Space Available

      Air-conditioned office and warehouse space in downtown Cape Coral.
      4519 SE 16Th Pl, Cape Coral, FL 33904
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4701 Coronado Pkwy
    Cape Coral, FL 33904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.