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

    848 9th St Cape Coral, FL 33990-3219

    • Flex space
    • 6,000 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Nov 04, 2021
    $899,000
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    5.4%
    Flex space
    Location Intelligence
    Property ID
    US18-6305367
    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

    • Fabworx / Railing Contractor

    Property Details for 848 9th St

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    6,000 SF
    Zone code
    I-1
    Property type
    Flex space
    APN
    19-44-24-C1-00766.0070
    APU
    194424C1007660070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $915,000
      6.5%
      $845,000
      7%
      $780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $757,000
      Market price range: $654k - $1.55M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,055,000
      Current use
      OFFICE BUILDING
      $1,510,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9562
    Latitude
    26.6359
    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
    $7,645
    $113,628
    $306,727
    $420,355
    -
    $113,628
    $306,727
    $420,355

    Comparable in this City

    • Value Estimation
      $190,000
      6,157 SF

      1003 12th Ave

      LIGHT INDUSTRIAL • 6,157 SF
      1003 12th Ave, Cape Coral, FL 33990-3018
      View Details
    • Value Estimation
      $275,000
      5,000 SF

      1005 12th Pl

      LIGHT INDUSTRIAL • 5,000 SF
      1005 12th Pl, Cape Coral, FL 33990-3029
      View Details
    • Value Estimation
      $225,000
      4,400 SF

      908 8th Pl

      LIGHT INDUSTRIAL • 4,400 SF
      908 8th Pl, Cape Coral, FL 33990-1251
      View Details
    • Value Estimation
      $1,010,000
      52,188 SF

      847 9th Ter

      LIGHT INDUSTRIAL • 52,188 SF
      847 9th Ter, Cape Coral, FL 33990-3098
      View Details
    • Value Estimation
      $355,000
      12,023 SF

      1215 10th St

      LIGHT INDUSTRIAL • 12,023 SF
      1215 10th St, Cape Coral, FL 33990-3012
      View Details
    • Value Estimation by Request
      3,425 SF

      1508 10th St

      LIGHT INDUSTRIAL • 3,425 SF
      1508 10th St, Cape Coral, FL 33990-3689
      View Details

    Similar Nearby for Sale

    • $429,000
      0.03 Acres

      Cape Coral Industrial Unit For Sale

      Industrial unit with high ceilings, suitable for business or storage.
      1105 SE 12Th Ave, Cape Coral, FL 33990
      View Details
    • $945,000
      4,000 SF

      Prime Cape Coral Industrial Flex Space

      4,000 SF Flex Warehouse, $945K
      921 15Th Ave, Cape Coral, FL 33990
      View Details
    • $945,000

      Cape Coral Industrial Investment Opportunity

      Industrial property with parking, A/C warehouse, and tenant in place.
      921 SE 15Th Ave, Cape Coral, FL 33990
      View Details
    • $650,000
      0.40 Acres

      Cape Coral Industrial Land Parcel

      Vacant, fenced industrial land with frontage on Country Club Blvd.
      929 Country Club Blvd, Cape Coral, FL 33990
      View Details
    • $1,399,900
      0.34 Acres

      Cape Coral Warehouse/Automotive Shop

      Centrally located warehouse/automotive shop in Cape Coral, Florida.
      1002 SE 9Th St, Cape Coral, FL 33990
      View Details
    • $1,875,000
      0.80 Acres

      Cape Coral Warehouse with Fenced Yard

      9,615 SF building with fenced yard on oversized lots.
      1016 SE 12Th Ave, Cape Coral, FL 33990
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo
      2,800 SF

      Cape Coral Flex Space Available

      Commercial flex space with rare industrial outdoor storage in Cape Coral.
      1029 SE 12Th Ct, Cape Coral, FL 33990
      View Details
    • $3,333 /Mo
      1,986 SF

      Cape Coral Flex Space Available

      Flex space unit with bathroom and power/air drops for rent.
      1105 SE 12Th Ave, Cape Coral, FL 33990
      View Details
    • $14 SF/Yr
      50,000 SF

      Cape Coral Industrial Flex Space

      50,000 SF Warehouse, 3 Suites Available
      847 9Th Ter, 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
    • $20 SF/Yr
      1,750 SF

      Cape Coral Retail Space Available

      Retail space for lease in Cape Coral, Florida.
      3571 Del Prado Blvd N, Cape Coral, FL 33990
      View Details
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    848 9th St
    Cape Coral, FL 33990-3219
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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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