3510 Ne 18th Pl, Cape Coral


Single Family


3510 Ne 18th Pl
Cape Coral
FL 33909

Property Size:2,138 sq ft
Year Built:2005
Property Class:B3

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Lee County, Florida

Lee County is located in the southwest Florida region. Top industries currently providing employment are trade, transportation, and utilities; leisure and hospitality; education and health services; and professional and business services. Historically, Lee County was best known for its agricultural industry and still heavily produces crops such as sweet corn, cucumbers, peppers and potatoes. Seafood is also largely produced in Lee County.

Annually, over five million pounds of fish and two million pounds of shellfish are harvested in Lee County. However, today the most dominant industries are tourism, construction, and other service related industries. Florida Gulf Coast University, Florida's newest public university, is also located in Lee County. Major private sector employers in Lee County are Publix Supermarkets, Wal-Mart, Chico's FAS Inc, Bonita Bay Group, and WCI Group. Top public sector employers are Lee County School District, Lee County Administration, Lee County Sheriff's Office, and City of Cape Coral. The communities in the Southwest Florida area include: Bonita Springs, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, North Fort Myers, San Carlos Park, Sanibel/Captiva, and South Fort Myers. Incorporated communities are Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, and Sanibel. ..more

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  1. 3510 Ne 18th Pl, Cape Coral, FL on Zillow
  2. Recent Sales near 3510 Ne 18th Pl, Cape Coral, FL on Realtor.com
  3. 3510 Ne 18th Pl, Cape Coral, FL on Google Maps
  4. Cape Coral, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33909 from City-Data.com
  6. Cape Coral Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33909 Zipcode

Owner Details

Sales History

DateSold BySold ToDeed TypePrice
06/01/2010 Not Recorded Buyer: 2855010 Unknown 100.00
08/01/2010 Not Recorded Buyer: 2855010 Unknown 67,000.00

Lee County Real Estate - Cape Coral

Cape Coral

Cape Coral is located in Lee County and borders the Gulf of Mexico. Cape Coral is the largest city between Miami and Tampa and has more miles of canals than any other city in the world. The main industries in Cape Coral include local government services, health care, retail, and real estate/ construction. The top employers for Cape Coral are Lee County School District, Cape Coral City Hall, Publix Supermarkets, Cape Coral Hospital, and Wal-Mart.

Cape Coral is in South West Florida. It's population as recorded in the 2010 Census was 154,305.

The median age for residents of Cape Coral is 42.4. Around 32.2% of Cape Coral households include school aged children and 30.6% of households include individuals aged 65 years or over. Census records indicate 88.1% of the Cape Coral population are White, 4.2% are Black or African American, .3% American Indian, 1.5% Asian and 2.3% are Two or more Races.

There are 78,948 housing units in Cape Coral. 18,181 (23%) of these were reported as vacant in the 2010 Census. Cape Coral is a tourist destination, 36.8% (6,706) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 19,368 residential rental units in Cape Coral. 16,693 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.

Cape Coral links:

Nearby Cities

Local Household Income

The median household income in this part of Florida is $60,366. The bottom 10% of the population earn less than $20,960 per year. The top 10% earn more than $130,584 per year. The top 1% earn more than $445,411 per year. Most renters earn between $32,844 (20th percentile) and $51,024 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,052. Most renters earn between $2,737 and $4,252 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $837 (20th percentile) to $1,326 (80th percentile) range. The residential vacancy rate is 9%.

Estimated Value: 3510 Ne 18th Pl

Market Data

In 2013 class A single family properties in Cape Coral sold for $62.31 to 361.92 per sq ft with a median price per sq ft of $79.25. Class B properties sold for $39.69 to 62.30 per sq ft with a median of $49.07 and class C properties sold for $10.01 to 39.68 per sq ft with a median of $36.61.

Market Valuation

3510 Ne 18th Pl appears to be a B Class property. Suggested value: $92,220

Value117,083 92,220 74,591

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $50,386. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 3510 Ne 18th Pl:

  • The Household Income estimate assumes the tenant has a total household income of $26,200 and spends 33% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $721
Household Income - Renters $866
Market Rents $782
Price/Ft $1,680

Expense Estimates:

  • Census data records show 9% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 3510 Ne 18th Pl. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Monthly Rent782
Annual Rent per Sq Ft4.00
Gross Annual Rent9,382
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,313
HOA, Utilities and CAM0
Property Taxes1,413
Management Fees938
Cap Rate7
Estimated Value50,386
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.