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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Assisted living facilities
1318 Santa Barbara Blvd Cape Coral, FL 33991-2855
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1227344
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,670 SF
Lot
0.62 ac (27,000 SF)
Zoning code
C-1
APN
23-44-23-C3-01976.0830
UPID
US18-1227344
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
-
Promised Sky of Cape Coral Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$985k
Owner & transaction history
Promised Sky Alf INC · 1 yrs held
Promised Sky Alf INC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C-1 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,600,000
Current use
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.25M (Oct 2 2024)
Last sale anchor
$1.25M
Oct 2 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
$128 / 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
$27,318
Tax year 2023
Assessed value
$1,587,143
Assessed 2023
Previous assessed
$1,297,538
+22.3% YoY
Effective rate
1.72%
On assessed value
Assessed land
$215,093
Assessed improvement
$1,372,050
Land market value
$215,093
Improvement market value
$1,372,050
Total market value
$1,587,143
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
34
Total area
7,670 SF
Lot
0.62 ac (27,000 SF)
Zoning code
C-1
APN
23-44-23-C3-01976.0830
UPID
US18-1227344
Jurisdiction
LEE
Zoning & alternative use
C-1 · Cape Coral, FL
Zoning C-1 · permitted uses
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
34
Lot
0.62 ac
Current owner
From public records · entity-resolved
Promised Sky Alf INC
Entity
Mailing address
1318 SANTA BARBARA BLVD, CAPE CORAL, FL 33991-2855
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
$1,250,000
Promised Sky Alf INC
Cape Alf LLC
Warranty Deed
$1,217,000 · Enterprise Bank & Trust
Apr 23, 2021
—
Cape Alf LLC
John Hoich
Quit Claim Deed
related
—
Sep 29, 2020
$380,000
John L Hoich
Vicki A Woodford
Warranty Deed
—
Mar 24, 2020
—
Vicki A Wordford
Bomac Ents Of Cape Coral INC
Warranty Deed
related
—
Nov 28, 2005
$1,000,000
Bomac Enterprises Of Cape Coral INC
Celerina Burias
Warranty Deed
$468,000 · Busey Bank Florida
Oct 27, 2000
—
Gene Burias
Burias,celerina & Danilo
Quit Claim Deed
related
$229,200 · Southtrust Mortgage Corp
—
—
Bomac Ents Of Florida INC
—
Deed Of Trust
related
$175,000 · Action Realty & Mgmt INC
—
—
Bomac Ents Of Cape Coral INC
—
Deed Of Trust
related
$175,000 · Action Realty & Mgmt INC
—
—
Bomac Ents Of Cape Coral INC
—
Deed Of Trust
related
$399,500 · Robert B Maccart
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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