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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Office buildings
1510 Hancock Brg Pkwy, Cape Coral, FL 33990-1715
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1213108
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,670 SF
Lot
0.82 ac (35,625 SF)
Zoning code
P-1W
APN
18-44-24-C2-01457.0690
UPID
US18-1213108
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
-
Brower Insurance: Simpson James Insurance Agency
-
Lee County Cremation Services Cremation Service
-
Advance Care Home Health Agency Home Health Care Service
-
House Of Restoration Church Ig Willito Church Mosque
-
Body By Design Laser Spa Weight Loss Service Medical Spa
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.46M
Owner & transaction history
Zuma Realty LLC · 1 yrs held
Zuma Realty LLC
since 2025
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
P-1W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+58.3%
Neighborhood: shopping center
$2.1M
+45.5%
Medical building
$1.7M
+22.0%
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%
$1,425,000
6.5%
$1,315,000
7%
$1,225,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,430,000
Current use
COMMERCIAL (GENERAL)
$2,260,000
Change: +58% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,075,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$1,740,000
Change: +22% · Conversion: Easy
RETAIL STORES
$1,725,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.30M (Mar 9 2025)
Last sale anchor
$1.30M
Mar 9 2025
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
$257 / 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
$16,713
Tax year 2023
Assessed value
$1,330,370
Assessed 2023
Previous assessed
$935,812
+42.2% YoY
Effective rate
1.26%
On assessed value
Assessed land
$623,794
Assessed improvement
$706,576
Land market value
$623,794
Improvement market value
$706,576
Total market value
$1,330,370
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
5,670 SF
Lot
0.82 ac (35,625 SF)
Zoning code
P-1W
APN
18-44-24-C2-01457.0690
UPID
US18-1213108
Jurisdiction
LEE
Zoning & alternative use
P-1W · Cape Coral, FL
Zoning P-1W · permitted uses
P-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
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Zuma Realty LLC
Entity
Mailing address
2930 DEL PRADO BLVD S STE A, CAPE CORAL, FL 33904-7239
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2025
$1,300,000
Zuma Realty LLC
Blr Ventures INC
Warranty Deed
$1,000,000 · Prism Bank
Jan 6, 2020
—
Bmc & Associates INC
—
Deed Of Trust
related
$1,000,000 · Barbara Langer
Dec 27, 2017
$575,000
Blr Ventures INC
Bismarck INC
Warranty Deed
$162,500 · Bismarck INC
Aug 2, 2001
$488,000
Bismarck INC
Tolisano Trust
Grant Deed
$366,000 · Amsouth Bank
—
—
Blr Trust
—
Deed Of Trust
related
$1,000,000 · Barbara Langer
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.
Try Rey
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