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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Strip malls
1025 Santa Barbara Blvd Cape Coral, FL 33991-2839
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3907952
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,772 SF
Lot
2.7 ac (117,649 SF)
Zoning code
C-1 C-1 C-1 C-1
APN
24-44-23-C1-01026.0030
UPID
US18-3907952
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
-
Wolf Creek Collective Theater & Performing Art Venue
-
Studio 8 Dance Gym & Fitness Center
-
H2 Health and Fitness Gym & Fitness Center
-
Massage Pure Healing Alternative Medicine Practice Spa & Massage Center
-
Incudeshed CreditRepair Information Bureau
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$3.60M
Owner & transaction history
Ovadia Holding Group INC · 1 yrs held
Ovadia Holding Group INC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
C-1 C-1 C-1 C-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+92.5%
Restaurant
$2.7M
+25.7%
Commercial (general)
$2.3M
+8.8%
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,070,000
Change: +92% · Conversion: Difficult
RESTAURANT
$2,660,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,300,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (Aug 20 2024)
Last sale anchor
$3.60M
Aug 20 2024
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
$624 / 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
$46,228
Tax year 2023
Assessed value
$3,024,160
Assessed 2023
Previous assessed
$3,135,680
-3.6% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,550,984
Assessed improvement
$1,473,176
Land market value
$1,550,984
Improvement market value
$1,473,176
Total market value
$3,024,160
Applied tax rate
57.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,772 SF
Lot
2.7 ac (117,649 SF)
Zoning code
C-1 C-1 C-1 C-1
APN
24-44-23-C1-01026.0030
UPID
US18-3907952
Jurisdiction
LEE
Zoning & alternative use
C-1 C-1 C-1 C-1 · Cape Coral, FL
Zoning C-1 C-1 C-1 C-1 · permitted uses
C-1 C-1 C-1 C-1 · 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
AUTO REPAIR, GARAGE
Est. value
$4.1M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.7 ac
Current owner
From public records · entity-resolved
Ovadia Holding Group INC
Entity
Free & Clear · 1 yrs held
Mailing address
2100 CANTERBURY DR E, PALM BEACH GARDENS, FL 33418-8217
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
$3,600,000
Ovadia Holding Group INC
Lomangino Enterprises INC
Warranty Deed
—
Jan 30, 2020
$2,930,000
Lomangino Ents INC
Jadboir Ventures LLC
Warranty Deed
—
Jan 30, 2020
$1,700,000
Lake Mi Cu
Lomangino Ents INC
Grant Deed
related
—
Jan 31, 2018
—
Jadboir Ventures LLC
—
Loan Modification
related
$1,195,000 · Encore Bk
Apr 17, 2008
$8,300
City Of Cape Coral
Santa Barbara Center LLC
Warranty Deed
—
Jun 15, 2006
—
Santa Barbara Center LLC
Mid Point Plaza LLC
Quit Claim Deed
related
—
May 17, 1999
$140,500
David W Gomer Trustee
Mckinley,michael
Grant Deed
$500,000 · First National Bank Ft Myers
—
—
Jadboir Ventures LLC
—
Deed Of Trust
related
$700,000 · Encore Bk
—
—
Santa Barbara Center LLC
—
Deed Of Trust
related
$3,000,000 · Florida Community Bank
—
—
Santa Barbara Center LLC
—
Deed Of Trust
related
$3,000,000 · Florida Community Bank
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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