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

    835 9th St Cape Coral, FL 33990-3220

    • Office buildings
    • 1,674 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    7.4%
    Office buildings
    Location Intelligence
    Property ID
    US18-5161751
    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

    • Stephen R Bowen Construction Inc / General Contractor

    Property Details for 835 9th St

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    1,674 SF
    Zone code
    P1-D
    Property type
    Office buildings
    APN
    19-44-24-C1-00805.0490
    APU
    194424C1008050490

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $420,000
      6.5%
      $390,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $533,000
      Market price range: $288k - $534k
      AI Estimate
      $528,000
      Market price range: $226k - $545k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $420,000
      Current use
      MEDICAL BUILDING
      $515,000
      Change: +22% Conversion: Easy
      RETAIL STORES
      $510,000
      Change: +21% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9572
    Latitude
    26.6364
    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
    $6,180
    $81,953
    $365,751
    $447,704
    -
    $81,953
    $365,751
    $447,704

    Comparable in this City

    • Value Estimation
      $215,000
      741 SF

      1423 16th Pl Ste, Unit 202

      OFFICE BUILDING (MULTI-STORY) • 741 SF
      1423 16th Pl Ste, Cape Coral, FL 33990-3891
      View Details
    • Value Estimation
      $490,000
      50,978 SF

      1015 Cultural Park Blvd

      OFFICE BUILDING (MULTI-STORY) • 50,978 SF
      1015 Cultural Park Blvd, Cape Coral, FL 33990-1216
      View Details
    • Value Estimation
      $220,000
      736 SF

      1508 17th Ave Ste, Unit 3

      PROFESSIONAL BUILDING • 736 SF
      1508 17th Ave Ste, Cape Coral, FL 33990-3825
      View Details
    • Value Estimation by Request
      697 SF

      1751 4th Mile Cv Pkwy

      OFFICE BUILDING (MULTI-STORY) • 697 SF
      1751 4th Mile Cv Pkwy, Cape Coral, FL 33990-2404
      View Details
    • Value Estimation
      $660,000
      3,053 SF

      217 Del Prado Blvd S Ste, Unit 202

      PROFESSIONAL BUILDING • 3,053 SF
      217 Del Prado Blvd S Ste, Cape Coral, FL 33990-1743
      View Details
    • Value Estimation
      $185,000
      877 SF

      923 Del Prado Blvd S Ste, Unit 206

      PROFESSIONAL BUILDING • 877 SF
      923 Del Prado Blvd S Ste, Cape Coral, FL 33990-3628
      View Details

    Similar Nearby for Sale

    • $849,000
      Pending

      Del Prado Mall Commercial Condo

      Prime commercial condo in thriving Cape Coral location for sale.
      1404 Del Prado Blvd S unit 100 & 105, Cape Coral, FL 33990
      View Details
    • $2,916,000
      4,558 SF

      Cape Coral NNN Dental Property

      NNN leased dental property with corporate guarantee and rental increases.
      2139 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $214,900
      0.16 Acres

      Professional Office Condo in Cape Coral

      Professional office condo with lobby, offices, kitchen nook, and storage.
      923 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $229,000
      0.16 Acres

      Cape Coral Office Condo For Sale

      864 SF office condo in Southeast Cape Coral.
      923 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $1,800,000
      4,500 SF

      Cape Coral Auto Shop - $1.8M

      Thriving turnkey auto repair business.
      1002 9Th St, Cape Coral, FL 33990
      View Details
    • $220,000
      0.39 Acres

      Cape Coral Multifamily Zoned Land

      Multifamily zoned land in a quiet Cape Coral neighborhood.
      125 SE 12Th Ter, Cape Coral, FL 33990
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,005 SF

      Cape Coral Medical Building Space

      Multi-tenant medical building with surgery center for lease.
      2721 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      17,511 SF

      Executive Offices in Central Cape

      Executive office spaces available in central Cape Coral, Florida.
      944 Country Club Blvd, Cape Coral, FL 33990
      View Details
    • $25 SF/Yr
      2,427 SF

      Medical Condo For Rent

      Medical condo with covered parking and frontage on Del Prado.
      217 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $17 SF/Yr
      1,280 SF

      Hancock Bridge Parkway Office Space

      Office space for lease with pylon signage and parking.
      2328 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      125,198 SF

      Prime Cape Coral Office Space

      Executive & Creative Suites Available
      1631 Del Prado Blvd, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      14,985 SF

      Prime Retail/Office Space Available

      High-visibility retail or office space in thriving Cape Coral location.
      1622 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
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    835 9th St
    Cape Coral, FL 33990-3220
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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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