Add Listing
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

    7996 Mediterranean Dr Estero, FL 33928-8303

    • Banks
    • 6,674 SF
    • 2.15 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8145942
    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

    • Joy Manchester / Financial Advisor
    • Valley Bank / Bank / Loan Service
    • Valley Bank ATM / Atm

    Property Details for 7996 Mediterranean Dr

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.15 lot acres
    Property size
    6,674 SF
    Zone code
    MPD
    Property type
    Banks
    APN
    04-47-25-E3-36000.0060
    APU
    044725E3360000060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $856,000
      Market price range: $444k - $859k

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.8107
    Latitude
    26.4085
    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
    $24,139
    $1,256,348
    $575,163
    $1,831,511
    -
    $1,256,348
    $575,163
    $1,831,511

    Comparable in this City

    • Value Estimation
      $555,000
      6,604 SF

      21910 Tamiami Trl

      FINANCIAL BUILDING • 6,604 SF
      21910 Tamiami Trl, Estero, FL 33928-3231
      View Details
    • Value Estimation
      $505,000
      5,959 SF

      21321 Tamiami Trl

      FINANCIAL BUILDING • 5,959 SF
      21321 Tamiami Trl, Estero, FL 33928-2901
      View Details
    • Value Estimation
      $655,000
      6,453 SF

      10840 Miromar Outlet Dr

      FINANCIAL BUILDING • 6,453 SF
      10840 Miromar Outlet Dr, Estero, FL 33928-9440
      View Details
    • Value Estimation by Request
      3,915 SF

      19611 Highland Oaks Dr

      FINANCIAL BUILDING • 3,915 SF
      19611 Highland Oaks Dr, Estero, FL 33928-9631
      View Details
    • Value Estimation
      $4,845,000
      4,755 SF

      3501 Vandenberg Way

      FINANCIAL BUILDING • 4,755 SF
      3501 Vandenberg Way, Estero, FL 33928-6601
      View Details
    • Value Estimation by Request
      7,800 SF

      22941 Lyden Dr

      Individual retail properties • 7,800 SF
      22941 Lyden Dr, Estero, FL 33928
      View Details

    Similar Nearby for Sale

    • $440,000

      Land For Sale

      Land available for sale.
      21995 Carter Rd, Estero, FL 33928
      View Details
    • $700,000
      5.00 Acres

      Estero Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for development.
      18125 Dykes Rd, Estero, FL 33928
      View Details
    • Contact for pricing
      Pending

      Corner Lot in Estero Springs

      0.26-acre corner lot in Estero, no HOA fees.
      Rio Vis St, Estero, FL 33928
      View Details
    • Contact for pricing

      Land on Corkscrew Road

      Commercial land with high traffic frontage on Corkscrew Road.
      9201 Corkscrew Rd, Estero, FL 33928
      View Details
    • $440,000

      Land For Sale

      Land available for sale.
      21987 Carter Rd, Estero, FL 33928
      View Details
    • $60,000
      0.08 Acres

      Vacant Lot in Estero Community

      Vacant lot in 55+ community with boat access in Estero.
      20711 Garden Dr, Estero, FL 33928
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      7,800 SF

      Estero Retail Space For Lease

      Prime Estero location, 7,800 sq ft, 2 suites.
      22941 Lyden Dr, Estero, FL 33928
      View Details
    • Contact for pricing
      1,832 SF

      Retail Space on Tamiami Trail

      Retail space available in high-traffic Estero center.
      21301 S Tamiami Trl, Estero, FL 33928
      View Details
    • $14 SF/Yr
      19,087 SF

      Retail/Office Suites on S Tamiami Trail

      Suites suitable for retail or office use on S Tamiami Trail.
      19970 S Tamiami Trl, Estero, FL 33928
      View Details
    • Contact for pricing
      5,433 SF

      Retail Space in Estero, FL

      Retail space available for rent in Estero, Florida.
      20041 S Tamiami Trl, Estero, FL 33928
      View Details
    • Contact for pricing
      2,700 SF

      Publix-Anchored Retail Space Available

      Retail space in a Publix-anchored neighborhood center.
      19008-19050 Corkscrew Rd, Estero, FL 33928
      View Details
    • Contact for pricing
      54,174 SF

      Estero Retail Plaza Investment Opportunity

      Prime Publix-anchored retail space in Estero, FL.
      0 Verdana Vlg Blvd, Estero, FL 33928
      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.
    7996 Mediterranean Dr
    Estero, FL 33928-8303
    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.
    Sign Up Successful!
    You now have access to more from Realmo!