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Property profile & analytics
OFF-MARKET
Warehouses

927 24th Ln Cape Coral, FL 33909-2905

4,100 SF 0.62 ac lot Built 1990
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US18-3108004
Property summary
AI-generated overview

This exceptional 4,100-square-foot industrial warehouse, situated on a 0.62-acre lot in Cape Coral, Florida, presents a rare investment opportunity. Built in 1990 and extensively renovated in 2024, this Class B property boasts a new standing seam metal roof with insulation, updated plumbing and electrical systems, and fresh paint throughout. The warehouse features energy-efficient LED lighting and four overhead doors (two 16', one 14', and one 12'). A 256-square-foot air-conditioned office with a restroom is included, along with two additional restrooms within the warehouse. The ceiling height reaches 20'5". The property is fully fenced, offering a large rear yard and a 19' x 50' covered cement pad perfect for loading or vehicle washing. A significant advantage is the presence of both municipal water and a functioning deep water well, promoting cost-effectiveness for water-intensive businesses. The industrial zoning permits a wide array of uses, exceeding typical commercial zoning restrictions. Its prime location in North Cape Coral provides easy access to the entire city, including numerous new residential developments and the soon-to-open Costco. The property is also conveniently located minutes from Fort Myers and within 20 minutes of I-75, offering easy access to major cities throughout Southwest Florida, including Naples, Fort Lauderdale, Miami, Port Charlotte, Sarasota, and Tampa/St. Petersburg. This property is perfectly suited for owner-occupants and investors alike. The asking price is $1,299,000, translating to $316.83 per square foot.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1990
Construction STEEL FRAME
Total area 4,100 SF
Lot 0.62 ac (27,007 SF)
Zoning code I-1
APN 30-43-24-C4-00301.007A
UPID US18-3108004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Selimi Properties LLC · 2 yrs held
Selimi Properties LLC
since 2024
Last sale
$1.2M
3 recorded transactions
2024
$185,000
2014
$275,000
1969
Price N/A
Zoning & alternative use
I-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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