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Property profile & analytics
OFF-MARKET
Estimated value
$6,685,000
Retail properties & Spaces
1410 Del Prado S Blvd 1502 Cape Coral, FL 33990-3789
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4653462
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1985
Construction
STEEL FRAME
Total area
27,025 SF
Lot
2.89 ac (125,809 SF)
Zoning code
C1-D
APN
19-44-24-C3-00740.B030
UPID
US18-4653462
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.27M
Comparable Approach
Comparable
$6.80M
Blend (final)
Blend
$6.69M
Owner & transaction history
Del Prado Retail Partners LLC · 8 yrs held
Del Prado Retail Partners LLC
since 2017
6 recorded transactions
Zoning & alternative use
C1-D · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.8M
+31.0%
Neighborhood: shopping center
$9.9M
+20.4%
Medical building
$8.3M
+0.9%
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%
$6,790,000
6.5%
$6,270,000
7%
$5,820,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,225,000
Current use
COMMERCIAL (GENERAL)
$10,770,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,900,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$8,300,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$6,805,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.69M
Range $6.02M – $7.35M · ±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
$247 / 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
$169,189
Tax year 2023
Assessed value
$9,397,229
Assessed 2023
Previous assessed
$8,124,273
+15.7% YoY
Effective rate
1.80%
On assessed value
Assessed land
$2,601,479
Assessed improvement
$6,795,750
Land market value
$2,601,479
Improvement market value
$6,795,750
Total market value
$9,397,229
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
27,025 SF
Lot
2.89 ac (125,809 SF)
Zoning code
C1-D
APN
19-44-24-C3-00740.B030
UPID
US18-4653462
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
RETAIL STORES Current
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$8.3M
OFFICE BUILDING
Est. value
$6.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
2.89 ac
Current owner
From public records · entity-resolved
Del Prado Retail Partners LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1502ND DEL PRADO BLVD S BLDG S, CAPE CORAL, FL 33990-3741
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2017
$7,125,000
Del Prado Retail Partners LLC
Del Prado Retail Center LLC
Warranty Deed
—
Feb 22, 2012
$4,800,000
Del Prado Retail Center LLC
Aik Cape Coral LLC
Grant Deed
$3,000,000 · First National Bank
Apr 16, 2002
$1,767,500
8713 Superior INC
Developers Diversified Realty
Grant Deed
—
Apr 16, 2002
—
Developers Diversified Realty
W & M Properties
Quit Claim Deed
related
—
Apr 16, 2002
$3,282,500
Aik Cape Coral LLC
Developers Diversified Realty
Grant Deed
—
—
—
Aik Cape Coral LLC
—
Deed Of Trust
related
$1,700,000 · Wells Fargo Bank
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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