Sign Up Successful!
You now have access to more from Realmo!
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

    932 24th Ln Cape Coral, FL 33909-2951

    • Industrial properties
    • 15,750 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Jul 23, 2020
    $1,300,000
    Value Estimations
    $2,075,000
    Show details
    Cap Rate Potential
    7.6%
    Industrial properties
    Location Intelligence
    Property ID
    US18-4867768
    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

    • AC Professional Cooling & Heating, Inc / Air Conditioning Contractor
    • Danny Expert - Flooring & Remodel / Flooring Contractor
    • Around The Clock Wireless / Cell Phone Store / Telecommunications
    • Priority Digital Solutions, LLC / Business Development Service
    • MaDa Motorhome Brokerage / Rv Dealer

    Property Details for 932 24th Ln

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.89 lot acres
    Property size
    15,750 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    30-43-24-C4-00005.0010
    APU
    304324C4000050010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,885,000
      ML approach
      $1,935,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,395,000
      6.5%
      $2,210,000
      7%
      $2,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,380,000
      Market price range: $1.72M - $4.06M
      AI Estimate
      $1,209,000
      Market price range: $541k - $2.02M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,775,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9527
    Latitude
    26.6976
    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
    $20,825
    $204,561
    $1,246,345
    $1,450,906
    -
    $204,561
    $1,246,345
    $1,450,906

    Comparable in this City

    • Value Estimation
      $825,000
      30,000 SF

      820 24th Ln

      INDUSTRIAL (GENERAL) • 30,000 SF
      820 24th Ln, Cape Coral, FL 33909-2925
      View Details
    • Value Estimation
      $470,000
      8,742 SF

      918 7th Ter

      INDUSTRIAL (GENERAL) • 8,742 SF
      918 7th Ter, Cape Coral, FL 33909-3151
      View Details
    • Value Estimation by Request

      877 27Th Ln

      Distribution properties
      877 27Th Ln, Cape Coral, FL 33909
      View Details
    • Value Estimation
      $1,855,000
      6,165 SF

      2621 9th Ave

      INDUSTRIAL (GENERAL) • 6,165 SF
      2621 9th Ave, Cape Coral, FL 33909-2907
      View Details
    • Value Estimation
      $715,000
      17,025 SF

      2620 9th Ave

      INDUSTRIAL (GENERAL) • 17,025 SF
      2620 9th Ave, Cape Coral, FL 33909-2933
      View Details
    • Value Estimation by Request
      19,200 SF

      1261 8Th St

      Flex space • 19,200 SF
      1261 8Th St, Cape Coral, FL 33909
      View Details

    Similar Nearby for Sale

    • $5,499,000
      24,000 SF

      Cape Coral Industrial Building

      New 24,000 SF Flex Warehouse
      2501 Diplomat Pkwy, Cape Coral, FL 33909
      View Details
    • $5,499,000
      3.36 Acres

      Cape Coral Industrial Opportunity

      3.362-acre industrial property with plans for a 24,000 sqft warehouse.
      2501 Diplomat Pkwy E, Cape Coral, FL 33909
      View Details
    • $374,999
      0.50 Acres

      Established Print and Graphics Company

      Turn-key print and graphics company for sale in Cape Coral.
      229 Del Prado Blvd N, Cape Coral, FL 33909
      View Details
    • $2,950,000
      0.62 Acres

      Cape Coral Commercial Building For Sale

      Versatile 2021 building with spray booth and 3-phase electric.
      329 NE 3Rd Ave, Cape Coral, FL 33909
      View Details
    • $180,000
      1.39 Acres

      Granite Fabrication Business For Sale

      Established granite fabrication and design business with equipment and clientele.
      765 3 & 4, Cape Coral, FL 33909
      View Details
    • $180,000

      Granite Fabrication Business For Sale

      Established granite fabrication and design business with equipment and clientele.
      765 3 & 4, Cape Coral, FL 33909
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      19,200 SF

      Prime Cape Coral Flex Space

      Three Units, 1,600-1,717 SF
      1261 8Th St, Cape Coral, FL 33909
      View Details
    • $16 SF/Yr
      16,050 SF

      Cape Coral Flex Space Available

      Six versatile units, customizable flex space.
      1490 Pine Island Rd, Cape Coral, FL 33909
      View Details
    • $16 SF/Yr
      12,564 SF

      Cape Coral Industrial Flex Space

      Industrial flex space for lease in Cape Coral, Florida.
      1302 NE Pine Island Rd, Cape Coral, FL 33909
      View Details
    • $17 SF/Yr
      6,795 SF

      Industrial Warehouse Space Available

      6,795 SF warehouse with overhead doors for lease.
      901 E Industrial Cir, Cape Coral, FL 33909
      View Details
    • $17 SF/Yr
      33,479 SF

      East Cape Commerce Center Warehouses

      Modern Industrial Space, Lee County
      911 Industrial Cir, Cape Coral, FL 33909
      View Details
    • $18 SF/Yr
      9,691 SF

      Cape Coral Warehouse Space Available

      Industrial warehouse space for lease in Cape Coral, Florida.
      925 E Industrial Cir, Cape Coral, FL 33909
      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.
    932 24th Ln
    Cape Coral, FL 33909-2951
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.