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Property profile & analytics
FOR LEASE
Strip malls
159 Hancock Bridge Pkwy Cape Coral, FL 33990
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4246475
For Lease
1 / 49
$22 SF/Yr
159 Hancock Bridge Pkwy, Cape Coral, FL 33990
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,629 SF
Lot
1.2 ac (52,325 SF)
Zoning code
VILL
APN
13-44-23-C1-01095.0010
UPID
US18-4246475
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
-
Palm Tree Massage Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.93M
Owner & transaction history
Fs Cape Coral I LLC · 1 yrs held
Fs Cape Coral I LLC
since 2025
7 recorded transactions
Zoning & alternative use
VILL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,550,000
6.5%
$2,350,000
7%
$2,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,955,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$2,930,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$200 / 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
$28,884
Tax year 2023
Assessed value
$1,837,882
Assessed 2023
Previous assessed
$1,584,459
+16.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$510,365
Assessed improvement
$1,327,517
Land market value
$510,365
Improvement market value
$1,327,517
Total market value
$1,837,882
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
9,629 SF
Lot
1.2 ac (52,325 SF)
Zoning code
VILL
APN
13-44-23-C1-01095.0010
UPID
US18-4246475
Jurisdiction
LEE
Zoning & alternative use
VILL · Cape Coral, FL
Zoning VILL · permitted uses
VILL · 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
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Fs Cape Coral I LLC
Entity
Mailing address
1361 ROYAL PALM SQ BLVD STE #1, FORT MYERS, FL 33919-1009
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
$4,500,000
Fs Cape Coral I LLC
Jerry Lin Corporation
Special Warranty Deed
$3,150,000 · Community Choice Cu
Jan 22, 2003
$2,300,000
Jerry-lin Corp
Hinks Investments INC
Grant Deed
$480,000 · Bank Of Naples
—
—
Jerry-lin Corp
—
Deed Of Trust
related
$40,000 · Bank Of Naples
—
—
Jerry-lin Corp
—
Deed Of Trust
related
—
—
—
Jerry-lin Corp
—
Deed Of Trust
related
$26,855 · Bank Of Naples
—
—
Jerry-lin Corp
—
Deed Of Trust
related
$226,525 · Bank Of Naples
—
—
Jerry-lin Corp
—
Deed Of Trust
related
$40,000 · Bank Of Naples
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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