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Property profile & analytics
FOR LEASE
Warehouses
1044 NE Pine Island Rd Cape Coral, FL 33909
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-9458214
For Lease
1 / 6
$2,750/Mo
1044 NE Pine Island Rd, Cape Coral, FL 33909
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
STEEL FRAME
Total area
8,328 SF
Lot
2.25 ac (98,062 SF)
Zoning code
CORR
APN
07-44-24-C1-007R0.0000
UPID
US18-9458214
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
-
Los Taquitos C.C. Restaurant
-
Hawks Auto & Truck Auto Repair Shop
-
Poor Man's Auto Auto Repair Shop
-
Boat-tech mobile marine repairs,inc. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.33M
Owner & transaction history
Grp 1044 Pine Island LLC
Grp 1044 Pine Island LLC
since 2026
5 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+13.9%
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%
$1,415,000
6.5%
$1,305,000
7%
$1,215,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,575,000
Current use
OFFICE BUILDING
$1,795,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$159 / 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
$14,717
Tax year 2023
Assessed value
$1,090,432
Assessed 2023
Previous assessed
$828,183
+31.7% YoY
Effective rate
1.35%
On assessed value
Assessed land
$775,764
Assessed improvement
$314,668
Land market value
$775,764
Improvement market value
$314,668
Total market value
$1,090,432
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
6
Total area
8,328 SF
Lot
2.25 ac (98,062 SF)
Zoning code
CORR
APN
07-44-24-C1-007R0.0000
UPID
US18-9458214
Jurisdiction
LEE
Zoning & alternative use
CORR · Cape Coral, FL
Zoning CORR · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1982
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
2.25 ac
Current owner
From public records · entity-resolved
Grp 1044 Pine Island LLC
Entity
Free & Clear · 0 yrs held
Mailing address
29 CRES ST PETERBOROUGH ON 9TH 2ND CANADA ON
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$1,450,000
Grp 1044 Pine Island LLC
Moroney Real Estate Limited Partner
Special Warranty Deed
—
Aug 14, 2025
—
Moroney Real Estate Limited Partner
Moroney Holdings Co
Deed
related
—
Jun 22, 2011
$461,000
Moroney Holdings Co
Nfps INC
Grant Deed
—
Jul 13, 2010
$210,100
Nfps INC
Baldo,walter Coc
Trustees Deed
related
—
May 1, 2008
$1,372,900
Walter Baldo
Investors Security Trust Co
Special Warranty Deed
$1,226,000 · Wachovia Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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