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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Office buildings
1612 Cpe Coral E Pkwy, Cape Coral, FL 33904-9618
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5897711
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1964
Construction
STEEL FRAME
Total area
21,093 SF
Lot
4.27 ac (186,112 SF)
Zoning code
SC
APN
18-45-24-C2-00440.0030
UPID
US18-5897711
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
-
Tigrent Financial Inc Loan Service Bank
-
Elite Legacy Education, Inc. Receiving Corporate Office
-
The Independent Woman Consultant
-
Elite Affiliate Marketing Consultant
-
Whitney Leadership Group Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
$4.90M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$5.00M
Owner & transaction history
Cape Gateway LLC · 1 yrs held
Cape Gateway LLC
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
SC · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.7M
+82.9%
Medical building
$6.5M
+53.3%
Retail stores
$5.0M
+18.4%
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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
$5,305,000
6.5%
$4,900,000
7%
$4,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,725,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$6,475,000
Change: +53% · Conversion: Easy
RETAIL STORES
$5,005,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,745,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Oct 25 2024)
Last sale anchor
$5.00M
Oct 25 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
$237 / 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
$44,070
Tax year 2023
Assessed value
$2,239,119
Assessed 2023
Previous assessed
$1,927,272
+16.2% YoY
Effective rate
1.97%
On assessed value
Assessed land
$965,921
Assessed improvement
$1,273,198
Land market value
$965,921
Improvement market value
$1,273,198
Total market value
$2,239,119
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
21,093 SF
Lot
4.27 ac (186,112 SF)
Zoning code
SC
APN
18-45-24-C2-00440.0030
UPID
US18-5897711
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$3.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1964
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4.27 ac
Current owner
From public records · entity-resolved
Cape Gateway LLC
Entity
Mailing address
2503 DEL PRADO BLVD S STE #101, CAPE CORAL, FL 33904-5709
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
$5,000,000
Cape Gateway LLC
Alex Diaz
Warranty Deed
—
Oct 8, 2020
$2,500,000
Torstonbo Trust
E Cape Coral Parkway Hold 1612
Grant Deed
—
Sep 17, 2020
—
1612 E Cape Coral Parkway Hold
Nancy S Diamond
Quit Claim Deed
related
—
Aug 11, 2020
—
1612 E Cape Coral Parkway Hold
—
Deed Of Trust
related
$1,000,000 · Northern Equity Group
Jul 27, 2020
$500,000
1612 E Cape Coral Parkway Hold
1612 E Cape Coral Park Trust
Grant Deed
related
—
Sep 17, 2018
—
1612 E Cape Coral Parkway Trust
—
Deed
related
$500,000 · USA Regrowth Fund LLC
Nov 14, 2000
$175,000
Ronald S Simon Trustee
Diamond,richard M
Trustees Deed
$1,200,000 · Cape Coral National Bank Ttee
Nov 14, 2000
$2,025,000
Ronald S Simon Trustee
Diamond-g Sh R Partnership Jv
Trustees Deed
—
—
—
1612 E Cape Coral Parkway Trust
—
Deed Of Trust
related
$500,000 · USA Regrowth Fund LLC
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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