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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Hotels
1502 Miramar St Cape Coral, FL 33904-9737
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1352989
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,623 SF
Lot
2.98 ac (129,635 SF)
Zoning code
SC
APN
18-45-24-C2-00000.03C0
UPID
US18-1352989
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
-
Del Prado Inn Rentals Apartment Building
-
LibertyX Bitcoin ATM Atm
-
Tiki Hut Bar & Grill at Dolphin Key Resort Bar & Pub Restaurant
-
Paradise Tiki Hut Bar & Grill Hotel & Motel
-
Dolphin Key Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Ideal Property Group INC · 4 yrs held
Ideal Property Group INC
since 2021
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
SC · 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
$995,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $875k (Dec 2 2021)
Last sale anchor
$875k
Dec 2 2021
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
$38 / 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
$99,507
Tax year 2023
Assessed value
$7,635,860
Assessed 2023
Previous assessed
$7,635,860
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,865,367
Assessed improvement
$5,770,493
Land market value
$1,865,367
Improvement market value
$5,770,493
Total market value
$7,635,860
Applied tax rate
56.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
100
Total area
23,623 SF
Lot
2.98 ac (129,635 SF)
Zoning code
SC
APN
18-45-24-C2-00000.03C0
UPID
US18-1352989
Jurisdiction
LEE
Zoning & alternative use
SC · Cape Coral, FL
Zoning SC · permitted uses
SC · 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.
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
100
Lot
2.98 ac
Current owner
From public records · entity-resolved
Ideal Property Group INC
Entity
Free & Clear · 4 yrs held
Mailing address
1502 MIRAMAR ST, CAPE CORAL, FL 33904-9737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$875,000
Ideal Property Group INC
Thomas J Corcoran
Warranty Deed
—
Dec 19, 2011
—
Dolphin K Resort
Drobnic,victor
Quit Claim Deed
related
—
Nov 22, 2011
$2,425,000
Dolphin Key Resort LLC
Man Del Inn LLC
Warranty Deed
—
Jul 16, 2010
—
Man Delinn LLC
Delprado Inn INC
Warranty Deed
—
Jun 30, 2010
$1,200
Delprado Inn INC
Cape Delprado LLC Coc
Trustees Deed
related
—
Dec 30, 2005
$8,120,000
Cape Del Prado LLC
Delprado Inn INC
Warranty Deed
$5,250,000 · Del Prado Inn INC
Dec 30, 2005
—
Del Prado Inn INC
Manner,richard
Quit Claim Deed
related
—
Jan 3, 2003
—
Richard Manner
—
Deed Of Trust
related
$3,797,120 · Old Florida 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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