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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Flex space
1508 10th St Cape Coral, FL 33990-3689
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3717107
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,425 SF
Lot
0.34 ac (15,000 SF)
Zoning code
I-1W
APN
19-44-24-C2-00781.0670
UPID
US18-3717107
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
-
2 The Last Bite Restaurant
-
Global Fence Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$660k
Owner & transaction history
Fabiola Alicia Naranjo Fossa · 2 yrs held
Fabiola Alicia Naranjo Fossa
since 2024
Last sale
$10,000
7 recorded transactions
Zoning & alternative use
I-1W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+74.4%
Retail stores
$1.0M
+72.8%
Office building
$860,000
+43.0%
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
INDUSTRIAL (GENERAL)
$605,000
Current use
MEDICAL BUILDING
$1,050,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$1,040,000
Change: +73% · Conversion: Moderate
OFFICE BUILDING
$860,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $10k (Apr 5 2024)
Last sale anchor
$10k
Apr 5 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
$193 / 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
$7,538
Tax year 2023
Assessed value
$577,709
Assessed 2023
Previous assessed
$577,709
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$218,527
Assessed improvement
$359,182
Land market value
$218,527
Improvement market value
$359,182
Total market value
$577,709
Applied tax rate
314.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
5
Total area
3,425 SF
Lot
0.34 ac (15,000 SF)
Zoning code
I-1W
APN
19-44-24-C2-00781.0670
UPID
US18-3717107
Jurisdiction
LEE
Zoning & alternative use
I-1W · Cape Coral, FL
Zoning I-1W · permitted uses
I-1W · 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
INDUSTRIAL (GENERAL) Current
Est. value
$605,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$860,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
Fabiola Alicia Naranjo Fossa
Individual
Free & Clear · 2 yrs held
Mailing address
4208 COUNTRY CLB BLVD, CAPE CORAL, FL 33904-5237
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
—
Fabiola Alicia Naranjo Fossa
Fabiola Larkin
Intrafamily Transfer
related
—
Oct 12, 2020
$10,000
Frank Naranjo
Kiska LLC
Warranty Deed
—
Apr 1, 2016
—
Fabiola Larkin
Larkin,jeffrey
Quit Claim Deed
related
—
Mar 2, 2016
—
Fabiola Larkin
—
Trustees Deed
related
$75,000 · Jeffrey J Larkin
May 26, 2004
$450,000
Jeffrey Larkin
Beleno,alberto & Jovita
Grant Deed
$150,000 · Alberto & Jovita Beleno
Dec 15, 1999
$280,000
Alberto Beleno
Campo,hector & Cecilia
Grant Deed
$224,000 · Amsouth Bank
—
—
Hector Campo
—
Deed Of Trust
related
$90,000 · Individual
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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