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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Medical Office Space
1510 Santa Barbara Blvd Cape Coral, FL 33991-8039
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1874662
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,000 SF
Lot
0.74 ac (32,409 SF)
Zoning code
C-1
APN
23-44-23-C3-01999.0610
UPID
US18-1874662
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
-
Foot & Ankle Group Physician
-
Christopher A. Klimowich, DPM Physician
-
David S. Andrew, DPM Physician
-
Dr. Jerold Goldstein Physician
-
Dr. Elaine Felix Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$921k
Blend (final)
Blend
$960k
Owner & transaction history
Jmd 2000 LLC · 9 yrs held
Jmd 2000 LLC
since 2017
5 recorded transactions
Zoning & alternative use
C-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+29.8%
Neighborhood: shopping center
$1.5M
+19.3%
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%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,230,000
Current use
COMMERCIAL (GENERAL)
$1,595,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,465,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$1,215,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$240 / 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
$25,472
Tax year 2023
Assessed value
$1,482,187
Assessed 2023
Previous assessed
$1,276,403
+16.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$734,777
Assessed improvement
$747,410
Land market value
$734,777
Improvement market value
$747,410
Total market value
$1,482,187
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
4,000 SF
Lot
0.74 ac (32,409 SF)
Zoning code
C-1
APN
23-44-23-C3-01999.0610
UPID
US18-1874662
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
MEDICAL BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Jmd 2000 LLC
Entity
Mailing address
8450 RIVIERA AVE, FORT MYERS, FL 33919-1656
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2017
$1,173,000
Jmd 2000 LLC
Foot&ankle Real Estate LLC
Warranty Deed
$821,100 · Finemark National Bank & Trust
May 9, 2007
—
Foot & Ankle Real Estate LLC
Balzano,guilio & Patricia
Grant Deed
related
—
Feb 25, 2005
$83,000
Foot & Ankle Real Estate LLC
Sorce,carmelo & Filomena
Warranty Deed
$1,100,000 · Ironstone Bank
Jul 22, 2004
$37,500
Carmelo Sorce
Reid,russell C
Warranty Deed
—
Jul 2, 2004
$155,000
Foot & Ankle Group R/e LLC
Balzano,guilio & Patricia
Warranty Deed
$155,000 · Florida Gulf 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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