1011 Pine Island RdCape Coral, FL 33991

Property Details for 1011 Pine Island Rd

Year built

2019

Construction

STEEL FRAME

Lot size

1.34 AC

Property size (Sq ft)

5,191 SF

Zone code

C3-D

Property type

Retail properties

Property subtype

Gas stations

APN

15-44-23-C3-12361.1030

APU

154423C3123611030

Description

This exceptional investment opportunity presents a fee-simple ownership of a 5,400 square foot Tire Choice auto shop in Cape Coral, Florida. Built in 2019, this single-tenant, 100% occupied property sits on a 1.34-acre lot with 22 parking spaces. The property boasts a strong 6.10% cap rate and a substantial net operating income (NOI) of $181,500. The lease is a modified NNN, with the landlord responsible only for roof and structure maintenance. Rent increases by 10% every five years, providing consistent income growth. The property is strategically located at 1011 SW Pine Island Rd, Cape Coral, FL 33991, on a major commuter artery with a high daily traffic count of 66,000 vehicles. This prime location benefits from a dense population with high household incomes, further supported by significant projected population growth in the area (25% within 1 mile in 5 years). The property's success is underpinned by Tire Choice's strong brand recognition, corporate guarantee, and the essential nature of its services, making it resilient to economic downturns and e-commerce competition. The property's APN is 15-44-23-C3-12361.1030. This is a rare chance to acquire a high-performing asset in a rapidly expanding market. Asking price is $2,975,000 ($550.93/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $2,024,139

  6.5%

  $1,868,436

  7%

  $1,734,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,624,238

  Geo Method

  $2,389,042

• Alternative Use

  Use

  Valuation

  Residential

  $1,576,096

  Hospitality

  $1,443,695

  Educational

  $1,201,138

  Medical

  $1,242,446

  Retail

  $1,868,436

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.6444

Longitude

-81.994

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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