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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Turn key restaurants
1306 Del Prado S Blvd, Cape Coral, FL 33990-3739
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4513630
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,374 SF
Lot
0.95 ac (41,469 SF)
Zoning code
C1-D
APN
19-44-24-C3-00556.0030
UPID
US18-4513630
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
-
Denny's Restaurant
-
The Burger Den Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.05M
Owner & transaction history
Arginv 8787 LLC · 6 yrs held
Arginv 8787 LLC
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C1-D · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+53.1%
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
$2,465,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,015,000
Current use
AUTO REPAIR, GARAGE
$3,085,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,745,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $1.70M (Jan 8 2020)
Last sale anchor
$1.70M
Jan 8 2020
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
$469 / 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
$26,483
Tax year 2023
Assessed value
$1,493,801
Assessed 2023
Previous assessed
$1,468,287
+1.7% YoY
Effective rate
1.77%
On assessed value
Assessed land
$725,459
Assessed improvement
$768,342
Land market value
$725,459
Improvement market value
$768,342
Total market value
$1,493,801
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
4,374 SF
Lot
0.95 ac (41,469 SF)
Zoning code
C1-D
APN
19-44-24-C3-00556.0030
UPID
US18-4513630
Jurisdiction
LEE
Zoning & alternative use
C1-D · Cape Coral, FL
Zoning C1-D · permitted uses
C1-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
RESTAURANT Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Arginv 8787 LLC
Entity
Mailing address
PO BOX 266677, WESTON, FL 33326-6677
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
Arginv 6424 LLC
—
Deed
related
$2,263,000 · Bankunited NA
Jun 19, 2020
—
Arginv 8787 LLC
—
Deed
related
$2,670,000 · Bankunited NA
Jun 15, 2020
—
Arginv 6424 LLC
—
Deed
related
$2,670,000 · Bankunited NA
Jan 10, 2020
—
Arginv 7030 LLC
—
Deed
related
$2,203,500 · Bankunited NA
Jan 8, 2020
$1,700,000
Arginv 8787 LLC
Swfri At Cape Coral Ltd
Warranty Deed
$2,670,000 · Bankunited NA
—
—
Arginv 8787 LLC
—
Loan Modification
related
$4,873,500 · Bankunited NA
—
—
Arginv 8787 LLC
—
Loan Modification
related
$2,670,000 · Bankunited NA
—
—
Swfri At Cape Coral Ltd
—
Deed Of Trust
related
$150,000 · First Community Bank Sw Fl
—
—
Arginv 6424 LLC
—
Loan Modification
related
$2,263,000 · Bankunited NA
—
—
Arginv 6424 LLC
—
Deed Of Trust
related
$2,670,000 · Bankunited NA
—
—
Swfri At Cape Coral Ltd
—
Deed Of Trust
related
$500,000 · First Community Bank Sw Fl
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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