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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Strip malls
1031 Pne Is Rd Cape Coral, FL 33909-2189
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4367538
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Construction
STEEL FRAME
Total area
12,500 SF
Lot
2.9 ac (126,455 SF)
Zoning code
CORR CORR
APN
07-44-24-C1-02002.0000
UPID
US18-4367538
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
-
Pine Island Academy 2 High School Daycare Center
-
50% Off Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
Gold Record Outlet (Bike/Boat/Book/etc) Store
-
Murphy Beds Unlimited Furniture & Home Goods Home Decor Store
-
Address: Pine Island Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.60M
Owner & transaction history
Varelas Properties LLC · 2 yrs held
Varelas Properties LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
CORR CORR · 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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
$3,310,000
6.5%
$3,055,000
7%
$2,835,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,840,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$3,805,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Mar 19 2024)
Last sale anchor
$2.60M
Mar 19 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
$208 / 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
$25,244
Tax year 2023
Assessed value
$1,656,982
Assessed 2023
Previous assessed
$1,656,982
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$647,434
Assessed improvement
$1,009,548
Land market value
$647,434
Improvement market value
$1,009,548
Total market value
$1,656,982
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
12,500 SF
Lot
2.9 ac (126,455 SF)
Zoning code
CORR CORR
APN
07-44-24-C1-02002.0000
UPID
US18-4367538
Jurisdiction
LEE
Zoning & alternative use
CORR CORR · Cape Coral, FL
Zoning CORR CORR · permitted uses
CORR CORR · 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
Est. value
$3.8M
RETAIL STORES
Est. value
$3.8M
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Varelas Properties LLC
Entity
Mailing address
1031 NE PNE IS RD, CAPE CORAL, FL 33909-2189
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
$2,600,000
Varelas Properties LLC
Bmc & Associates INC
Special Warranty Deed
$1,346,650 · Gulf Coast Business Bank
Jun 18, 2015
—
Bmc & Associates INC
Dr Laura Plaza LLC
Correction Deed
related
$430,000 · Harbor Community Bank
Oct 10, 2014
—
Bmc & Associates INC
Dr Laura Plaza LLC
Grant Deed
—
Aug 27, 2014
$705,000
Bmc & Associates INC
Dr Laura LLC
Grant Deed
$212,000 · Rhonda Rigsby
Oct 21, 2009
—
Dr Laura Plaza LLC
Bogert,laura E
Warranty Deed
—
Jul 26, 1999
$495,000
Laura E Bogert
Leach,samuel T & Karen A
Grant Deed
$396,000 · Southtrust Bank NA
—
—
Bmc & Associates INC
—
Deed Of Trust
related
$205,000 · Dr Laura Plaza LLC
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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