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Property profile & analytics
OFF-MARKET
Estimated value
$4,640,000
Medical Office Space
1030 Commerce Crk Blvd Cape Coral, FL 33909-6529
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4197710
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,602 SF
Lot
3.8 ac (165,369 SF)
Zoning code
CPO
APN
04-44-24-C1-00751.0010
UPID
US18-4197710
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
-
Shivtaj Mann, DO Physician
-
Florida Cancer Specialists & Research Institute Medical Clinic Hospital
-
Dr. Van Rana Physician
-
Michael Gordon Wesley Chapel Florida Physician
-
Raymond Michael Esper, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.55M
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$4.64M
Owner & transaction history
State Of Florida Dept Of Trans · 7 yrs held
State Of Florida Dept Of Trans
since 2019
7 recorded transactions
Zoning & alternative use
CPO · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,925,000
6.5%
$4,545,000
7%
$4,220,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,245,000
Current use
RETAIL STORES
$7,185,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.64M
Range $4.18M – $5.10M · ±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
$197 / 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
$113,506
Tax year 2023
Assessed value
$7,286,532
Assessed 2023
Previous assessed
$6,302,439
+15.6% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,575,016
Assessed improvement
$5,711,516
Land market value
$1,575,016
Improvement market value
$5,711,516
Total market value
$7,286,532
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
23,602 SF
Lot
3.8 ac (165,369 SF)
Zoning code
CPO
APN
04-44-24-C1-00751.0010
UPID
US18-4197710
Jurisdiction
LEE
Zoning & alternative use
CPO · Cape Coral, FL
Zoning CPO · permitted uses
CPO · 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
MEDICAL BUILDING Current
Est. value
$7.2M
RETAIL STORES
Est. value
$7.2M
MEDICAL BUILDING Current
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
State Of Florida Dept Of Trans
Entity
Free & Clear · 7 yrs held
Mailing address
201 W MARION AVE UNIT #1214, PUNTA GORDA, FL 33950-4466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
$100
State Of Florida Dept Of Trans
Kirby Family LP 3
Quit Claim Deed
related
—
Aug 24, 2016
—
North Fort Myers Center LLC
—
Deed
related
$7,000,000 · Suntrust Bk
Feb 12, 2015
$650,000
North Fort Myers Center LLC
B & J Finance LLC
Warranty Deed
—
Nov 19, 2013
$141,118
B & J Finance LLC
Deputy Clerk Of Lee County
Tax Deed
related
—
Jul 13, 2004
$11,115,000
Eagle,gregory W Tr
Fullenkamp,dennis J
Grant Deed
$8,336,250 · Sanders George & M J Tr (tr)
Sep 4, 1998
$2,500,000
Sanders Trust
Collier/lee Joint Venture
Grant Deed
$2,164,889 · Lee County Electric Cooperativ
—
—
North Fort Myers Center LLC
—
Deed Of Trust
related
$7,000,000 · Suntrust Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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