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

    918 46th Ln Cape Coral, FL 33904-8844

    • Office buildings
    • 5,625 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3335214
    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

    • Royal Palm Coast Realtor® Association / Real Estate Agency
    • Renee Botterman | REALTOR / Real Estate Agent

    Property Details for 918 46th Ln

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    5,625 SF
    Zone code
    SC
    Property type
    Office buildings
    APN
    07-45-24-C4-00356.0030
    APU
    074524C4003560030

    Description

    This exceptional investment opportunity in Cape Coral, Florida, presents a portfolio encompassing a 5,625-square-foot vacant office building and an adjacent land parcel. The single-story Class B office building sits on 0.69 acres and is currently vacant, offering immediate occupancy for an owner-user. The property's strategic location in downtown Cape Coral ensures high visibility and accessibility, benefiting from proximity to a city-maintained parking lot and excellent transportation links. The building's zoning is SC. The included land parcel offers significant development potential, zoned for a variety of uses and situated near Founders Park, a high-traffic area within a growing demographic. This combined offering presents a unique chance to acquire a prime commercial property in a thriving downtown location with robust infrastructure and growth potential. The asking price for this entire portfolio is $1,570,000, translating to $279.11 per square foot. The property is located at 918 SE 46th Ln, and includes additional parcels at 4630 SE 10th Pl and 4634 SE 10th Pl, all in Cape Coral, FL 33904. This is a for-sale-by-owner opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9532
    Latitude
    26.5653
    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
    $12,372
    $160,524
    $680,091
    $840,615
    -
    $160,524
    $680,091
    $840,615

    Comparable in this City

    • Value Estimation
      $340,000
      8,509 SF

      3108 Del Prado S Blvd

      OFFICE BUILDING (MULTI-STORY) • 8,509 SF
      3108 Del Prado S Blvd, Cape Coral, FL 33904-7226
      View Details
    • Value Estimation
      $325,000
      4,958 SF

      1406 46th Ln

      OFFICE BUILDING (MULTI-STORY) • 4,958 SF
      1406 46th Ln, Cape Coral, FL 33904-8684
      View Details
    • Value Estimation
      $190,000
      803 SF

      1314 Cpe Coral Pkwy E Ste, Unit 209

      OFFICE BUILDING • 803 SF
      1314 Cpe Coral Pkwy E Ste, Cape Coral, FL 33904-9643
      View Details
    • Value Estimation
      $445,000
      1,541 SF

      3011 Del Prado S Blvd

      OFFICE BUILDING (MULTI-STORY) • 1,541 SF
      3011 Del Prado S Blvd, Cape Coral, FL 33904-7208
      View Details
    • Value Estimation
      $890,000
      3,204 SF

      824 Lafayette St

      OFFICE BUILDING (MULTI-STORY) • 3,204 SF
      824 Lafayette St, Cape Coral, FL 33904-9192
      View Details
    • Value Estimation
      $355,000
      5,015 SF

      1323 Lafayette St

      OFFICE BUILDING (MULTI-STORY) • 5,015 SF
      1323 Lafayette St, Cape Coral, FL 33904-9703
      View Details

    Similar Nearby for Sale

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      Cape Coral Commercial Opportunity

      Versatile commercial property in thriving Cape Coral location.
      1213 SE 47Th Ter, Cape Coral, FL 33904
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      Gulf Access Multi-Tenant Office Building

      Two-story office building with Gulf access on a signalized corner.
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      Cape Coral Office Building For Sale

      Office building with high traffic counts and exceptional signage.
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    • $1,475,000
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      Cape Coral Professional Office Building

      Professional office building with long-term tenants in Cape Coral.
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    • $28,750,000
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      Mixed-Use Development Site with Plans

      Mixed-use development site with approved plans in downtown Cape Coral.
      1415 Cape Coral Pkwy E, Cape Coral, FL 33904
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    Similar Nearby for Lease

    • $217,200
      22,521 SF

      New Office Building For Lease

      Brand new office building with flexible space, available for lease.
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      View Details
    • Contact for pricing
      13,199 SF

      Cape Coral Commercial Building For Lease

      Freestanding building with multiple units available for lease.
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    • $1,600 /Mo
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      Cape Coral Commercial Office Space

      Commercial unit in Cape Coral, ideal for office space.
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      View Details
    • $2,950 /Mo
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      Cape Coral Commercial Space Available

      Air-conditioned office and warehouse space in downtown Cape Coral.
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      View Details
    • $2,000 /Mo
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      Office Space with Storage

      Office space with warehouse storage and convenient location.
      824 SE 47Th St, Cape Coral, FL 33904
      View Details
    • $1,000 /Mo
      7,100 SF

      Office Space in Cape Coral

      Spacious office space in the heart of downtown Cape Coral.
      4705 Vincennes Blvd, Cape Coral, FL 33904
      View Details
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    918 46th Ln
    Cape Coral, FL 33904-8844
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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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