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    Property profile & analytics

    9550 Corkscrew Rd Estero, FL 33928-3204

    • Medical Office Space
    • 6,849 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0358799
    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

    • Estero Animal Hospital / Veterinary Clinic

    Property Details for 9550 Corkscrew Rd

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.23 lot acres
    Property size
    6,849 SF
    Zone code
    CPD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    34-46-25-E2-U2063.2362
    APU
    344625E2U20632362

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,430,000
      6.5%
      $1,320,000
      7%
      $1,225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,116,000
      Market price range: $414k - $1.29M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,960,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,340,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $2,150,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.796
    Latitude
    26.4307
    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
    $29,712
    $536,233
    $2,033,363
    $2,569,596
    -
    $536,233
    $2,033,363
    $2,569,596

    Comparable in this City

    • Value Estimation
      $895,000
      5,496 SF

      20330 Grande Oak Shoppes Blvd

      MEDICAL BUILDING • 5,496 SF
      20330 Grande Oak Shoppes Blvd, Estero, FL 33928-7663
      View Details
    • Value Estimation
      $8,795,000
      21,100 SF

      10201 Arcos Ave

      MEDICAL BUILDING • 21,100 SF
      10201 Arcos Ave, Estero, FL 33928-9459
      View Details
    • Value Estimation by Request
      3,777 SF

      21300 Town Cmns Dr

      MEDICAL BUILDING • 3,777 SF
      21300 Town Cmns Dr, Estero, FL 33928-3468
      View Details
    • Value Estimation
      $1,070,000
      5,755 SF

      9921 Corkscrew Rd

      MEDICAL BUILDING • 5,755 SF
      9921 Corkscrew Rd, Estero, FL 33928-3210
      View Details
    • Value Estimation
      $1,810,000
      8,913 SF

      10200 Arcos Ave

      MEDICAL BUILDING • 8,913 SF
      10200 Arcos Ave, Estero, FL 33928-3528
      View Details
    • Value Estimation
      $1,095,000
      5,203 SF

      19985 Tamiami Trl

      MEDICAL BUILDING • 5,203 SF
      19985 Tamiami Trl, Estero, FL 33928-2268
      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.
      23190 Fashion Dr, Estero, FL 33928
      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
    • $60,000
      0.08 Acres

      Vacant Lot in Estero Community

      Vacant lot in 55+ community with boat access in Estero.
      20711 Garden Dr, Estero, FL 33928
      View Details
    • $3,200,000

      Development Site in Growing Estero

      High-visibility land with development order near major developments.
      10150 Arcos Ave, Estero, FL 33928
      View Details
    • $440,000
      Pending

      Land For Sale

      Land available for sale.
      21987 Carter Rd, 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.
      22911 Lyden Dr, 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
    • $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
      54,174 SF

      Estero Retail Plaza Investment Opportunity

      Prime Publix-anchored retail space in Estero, FL.
      0 Verdana Vlg Blvd, Estero, FL 33928
      View Details
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    Estero, FL 33928-3204
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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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