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    945 Country Clb Blvd Cape Coral, FL 33990-3023
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    Property profile & analytics

    945 Country Clb Blvd, Cape Coral, FL 33990-3023

    View on Map
    • Gas stations
    • 4,250 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Jul 18, 2023
    $1,050,000
    Property ID
    US18-3368710
    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.
    Value Estimations
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Collision Experts of Cape Coral / Auto Repair Shop
    • Automotive Experts of Cape Coral / Auto Repair Shop
    • Close Encounters / Auto Repair Shop / Auto Parts Store

    Property Details for 945 Country Clb Blvd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Zone code
    I-1
    Property type
    Gas stations
    APN
    19-44-24-C1-00777.0060
    APU
    194424C1007770060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 18, 2023 $1,050,000 Velasco Investments LLC Joseph Parrino Warranty Deed $950k · Joseph Parrino
    Apr 6, 2000 $66,000 Joseph Parrino Rackowski,emily Grant Deed $65k · Individual
    — — Joseph Parrino — Deed Of Trust · related $275k · Fifth Third Bank
    — — Joseph Parrino — Deed Of Trust · related $277k · Ironstone Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,215,000
      ML approach
      $1,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,089,000
      Market price range: $489k - $1.09M
      AI Estimate
      $829,000
      Market price range: $269k - $829k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $775,000
      Current use
      COMMERCIAL (GENERAL)
      $1,695,000
      Change: +118% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,555,000
      Change: +101% Conversion: Difficult
      MEDICAL BUILDING
      $1,305,000
      Change: +68% Conversion: Difficult
      RETAIL STORES
      $1,295,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $1,070,000
      Change: +38% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9519
    Latitude
    26.6337
    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
    $8,908
    $254,429
    $662,941
    $917,370
    -
    $254,429
    $662,941
    $917,370

    Comparable in this City

    • Value Estimation
      $1,075,000
      7,204 SF

      901 Country Clb Blvd

      SERVICE STATION (FULL SERVICE)
      901 Country Clb Blvd, Cape Coral, FL 33990-3023
      View Details
    • Value Estimation
      $1,205,000
      2,200 SF

      916 8th Pl

      SERVICE STATION (FULL SERVICE)
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    • Value Estimation by Request
      1,200 SF

      1424 Viscaya Pkwy

      SERVICE STATION (FULL SERVICE)
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    • Value Estimation by Request
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      SERVICE STATION (FULL SERVICE)
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    • Value Estimation by Request
      4,000 SF

      948 Country Clb Blvd

      SERVICE STATION (FULL SERVICE)
      948 Country Clb Blvd, Cape Coral, FL 33990
      View Details
    • Value Estimation
      $1,110,000
      4,500 SF

      1002 9th St

      SERVICE STATION (FULL SERVICE)
      1002 9th St, Cape Coral, FL 33990-6219
      View Details

    Similar Nearby for Sale

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      4,500 SF

      Cape Coral Auto Shop - $1.8M

      Thriving turnkey auto repair business.
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      View Details
    • Contact for pricing
      2,200 SF

      Cape Coral Vacant Retail Building

      Freestanding 2,220 SF retail building in Cape Coral, Florida.
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    • $150,000
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      Turn-Key Ice Cream Restaurant

      Fully equipped and operational ice cream restaurant sale, including the equipment and machinery to produce product on-site.
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    • Contact for pricing

      Entitled Land Mixed-Use Development

      Approved mixed-use development land with workforce housing and commercial space.
      3731 SE 15Th Pl, Cape Coral, FL 33990
      View Details
    • Contact for pricing
      3,297 SF

      Cape Coral Retail Investment Opportunity

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    Similar Nearby for Lease

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      52,098 SF

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      Retail space available in February 2026 in Cape Coral.
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    • Contact for pricing
      2,418 SF

      Prime Commercial Space on Del Prado

      2,400 SF commercial space on Cape Coral's busiest road.
      304-308 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • Contact for pricing

      Retail Space in Merchants Plaza

      3,200 sq ft retail space available February 2026.
      159 Hancock Bridge Pkwy, Cape Coral, FL 33990
      View Details
    • $2,750 /Mo
      2,000 SF

      Flex Warehouse with Overhead Doors

      Recently renovated flex warehouse configuration with 17’ clear height and hurricane-rated overhead doors for versatile tenant use.
      1056 NE Pine Island Rd, Cape Coral, FL 33990
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    • $22 SF/Yr
      30,013 SF

      Retail Space in Cape Coral

      2,850 SF retail space with high traffic and accessibility.
      1910 Del Prado Blvd S, Cape Coral, FL 33990
      View Details
    • $22 SF/Yr
      14,985 SF

      Renovated Industrial Property in Cape Coral

      Renovated 4,500 SF industrial property with flexible uses.
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    Cape Coral, FL 33990-3023
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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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