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Property profile & analytics
OFF-MARKET
Estimated value
$14,895,000
Office buildings
1015 Cultural Park Blvd, Cape Coral, FL 33990-1216
Individually Owned
23-yr Hold
Free & Clear
Property ID
US18-5293032
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,978 SF
Lot
12.34 ac (537,341 SF)
Zoning code
P1-D P1-D
APN
24-44-23-C2-01198.0020
UPID
US18-5293032
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cape Coral Procurement Department City Government Office
-
Cape Coral City Manager City Government Office
-
Cape Coral City Hall City Government Office
-
Cape Coral City Records City Government Office
-
Cape Coral Surveyor Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.84M
Comparable Approach
Comparable
$16.25M
Blend (final)
Blend
$14.90M
Owner & transaction history
CITY CAPE CORAL
CITY CAPE CORAL
Zoning & alternative use
P1-D P1-D · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.5M
+82.9%
Commercial (general)
$20.3M
+58.3%
Neighborhood: shopping center
$18.7M
+45.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cape Coral submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Coral submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,825,000
6.5%
$11,840,000
7%
$10,995,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,835,000
Current use
RESTAURANT
$23,470,000
Change: +83% · Conversion: Moderate
COMMERCIAL (GENERAL)
$20,315,000
Change: +58% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$18,670,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$15,655,000
Change: +22% · Conversion: Easy
RETAIL STORES
$15,515,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$14.90M
Range $13.41M – $16.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$292 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,854
Tax year 2023
Assessed value
$20,096,974
Assessed 2023
Previous assessed
$18,196,014
+10.4% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,611,681
Assessed improvement
$18,485,293
Land market value
$1,611,681
Improvement market value
$18,485,293
Total market value
$20,096,974
Applied tax rate
314.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
50,978 SF
Lot
12.34 ac (537,341 SF)
Zoning code
P1-D P1-D
APN
24-44-23-C2-01198.0020
UPID
US18-5293032
Jurisdiction
LEE
Zoning & alternative use
P1-D P1-D · Cape Coral, FL
Zoning P1-D P1-D · permitted uses
P1-D P1-D · Cape Coral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cape Coral. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.8M
RESTAURANT
Est. value
$23.5M
COMMERCIAL (GENERAL)
Est. value
$20.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.7M
MEDICAL BUILDING
Est. value
$15.7M
RETAIL STORES
Est. value
$15.5M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
12.34 ac
Current owner
From public records · entity-resolved
CITY CAPE CORAL
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 150027, CAPE CORAL, FL 33915-0027
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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