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    Property profile & analytics

    9351 Corkscrew Rd Estero, FL 33928-6801

    • Office buildings
    • 10,251 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2021
    $2,200,000
    Value Estimations
    $2,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8290841
    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

    • Southwest Florida Real Estate : Drake Bliss / Real Estate Agency
    • ImageTrust / Marketing & Advertising / Event Planning
    • Integrative Rehab Medicine / Physician / Medical Clinic
    • Honest Aesthetics / Spa & Massage Center / Alternative Medicine Practice
    • Hughes Direct Primary Care / Physician

    Property Details for 9351 Corkscrew Rd

    Year built
    2007
    Lot size
    0.24 lot acres
    Property size
    10,251 SF
    Zone code
    CPD
    Property type
    Office buildings
    APN
    34-46-25-E1-17001.0001
    APU
    344625E1170010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,670,000
      ML approach
      $1,715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,130,000
      6.5%
      $2,890,000
      7%
      $2,685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,935,000
      Market price range: $2.94M - $7.21M
      AI Estimate
      $1,635,000
      Market price range: $1.64M - $3.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.7992
    Latitude
    26.4317
    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
    $20,586
    $0.00
    $1,665,665
    $1,665,665
    -
    $0.00
    $1,665,665
    $1,665,665

    Comparable in this City

    • Value Estimation
      $735,000
      1,883 SF

      20251 Tamiami Trl

      OFFICE BUILDING (MULTI-STORY) • 1,883 SF
      20251 Tamiami Trl, Estero, FL 33928-2117
      View Details
    • Value Estimation by Request
      536 SF

      23150 Fashion Dr, Unit T236

      OFFICE BUILDING • 536 SF
      23150 Fashion Dr, Estero, FL 33928-8321
      View Details
    • Value Estimation by Request
      1,506 SF

      9250 Corkscrew Rd Ste, Unit 1

      PROFESSIONAL BUILDING • 1,506 SF
      9250 Corkscrew Rd Ste, Estero, FL 33928-3216
      View Details
    • Value Estimation
      $790,000
      1,092 SF

      9480 Corkscrew Palms Cir Ste, Unit 6

      PROFESSIONAL BUILDING • 1,092 SF
      9480 Corkscrew Palms Cir Ste, Estero, FL 33928-3306
      View Details
    • Value Estimation
      $770,000
      4,800 SF

      8111 Broadway E Ave

      OFFICE BUILDING (MULTI-STORY) • 4,800 SF
      8111 Broadway E Ave, Estero, FL 33928-3002
      View Details
    • Value Estimation
      $2,100,000
      9,238 SF

      21105 Design Parc Ln

      OFFICE BUILDING • 9,238 SF
      21105 Design Parc Ln, Estero, FL 33928-6414
      View Details

    Similar Nearby for Sale

    • $2,700,000
      Pending

      Estero Office Suites with Balconies

      Second-floor office suites with balconies in Estero, Florida, for sale.
      23190 Fashion Dr, Estero, FL 33928
      View Details
    • Contact for pricing
      70.04 Acres

      Estero Office Suite with Balcony

      Second-floor office suite with balcony in Coconut Point Mall.
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      View Details
    • Contact for pricing
      0.75 Acres

      Estero Commercial Space Available

      Well-located commercial space in Estero, near major tenants and landmarks.
      21740 S Tamiami Trl, Estero, FL 33928
      View Details
    • $440,000

      Land For Sale

      Land available for sale.
      21995 Carter Rd, Estero, FL 33928
      View Details
    • $700,000
      5.00 Acres

      Estero Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for development.
      18125 Dykes Rd, Estero, FL 33928
      View Details
    • Contact for pricing
      Pending

      Corner Lot in Estero Springs

      0.26-acre corner lot in Estero, no HOA fees.
      Rio Vis St, Estero, FL 33928
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      42,200 SF

      Estero Medical Office Space Available

      Modern medical office suites, ample parking.
      10201 Arcos Ave, Estero, FL 33928
      View Details
    • Contact for pricing

      End Cap Office Space Available

      3,200 SF end cap office space for lease.
      Estero, FL 33928
      View Details
    • Contact for pricing
      2,755 SF

      Medical Building Space For Lease

      Medical office space for lease in Estero, delivery Summer 2024.
      9441 Corkscrew Palms Cir, Estero, FL 33928
      View Details
    • $14 SF/Yr
      19,087 SF

      Retail/Office Suites on S Tamiami Trail

      Suites suitable for retail or office use on S Tamiami Trail.
      19970 S Tamiami Trl, Estero, FL 33928
      View Details
    • $25 SF/Yr
      7,228 SF

      Estero Office Space For Rent

      7,228 SF office space available for lease in Estero.
      9431 Corkscrew Palms Cir E, Estero, FL 33928
      View Details
    • Contact for pricing

      Land for Lease in Estero

      Land available for lease in Publix-anchored neighborhood center.
      19008-190050 Corkscrew Rd, Estero, FL 33928
      View Details
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    Estero, FL 33928-6801
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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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