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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Strip malls
1622 Del Prado S Blvd Cape Coral, FL 33990-3753
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4237888
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,464 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C1-W
APN
30-44-24-C2-00697.0010
UPID
US18-4237888
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
-
Little Caesars Take-out & Catering
-
Rosati's Pizza Restaurant
-
T BoBa Cafe & Coffee Shop
-
D & A Landscaping Inc Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Japa Palm LLC · 1 yrs held
Japa Palm LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C1-W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+92.5%
Commercial (general)
$980,000
+8.8%
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Current use
AUTO REPAIR, GARAGE
$1,735,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$980,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$755,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Oct 24 2024)
Last sale anchor
$1.05M
Oct 24 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
$426 / 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
$14,525
Tax year 2023
Assessed value
$851,404
Assessed 2023
Previous assessed
$1,369,381
-37.8% YoY
Effective rate
1.71%
On assessed value
Assessed land
$257,142
Assessed improvement
$594,262
Land market value
$257,142
Improvement market value
$594,262
Total market value
$851,404
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
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,464 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C1-W
APN
30-44-24-C2-00697.0010
UPID
US18-4237888
Jurisdiction
LEE
Zoning & alternative use
C1-W · Cape Coral, FL
Zoning C1-W · permitted uses
C1-W · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$980,000
MEDICAL BUILDING
Est. value
$755,000
RETAIL STORES
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Japa Palm LLC
Entity
Mailing address
15325 SW 74TH CT, PALMETTO BAY, FL 33157-2457
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
Oct 24, 2024
$1,050,000
Japa Palm LLC
Osmar Corporation
Warranty Deed
$637,000 · Velocity Commercial Capital LLC
May 22, 2017
$915,625
Osmar Corp
Tuscany Plaza LLC
Warranty Deed
—
Dec 17, 2004
$300,000
Tuscany Plaza LLC
Candito,joseph P JR
Warranty Deed
—
Oct 30, 2001
$150,000
Joseph P Candito
Sharp,marc J & Sandra H
Grant Deed
$140,000 · Marc J & Sandra H Sharp
—
—
Tuscany Plaza LLC
—
Loan Modification
related
$605,562 · C1 Bk
—
—
Tuscany Plaza LLC
—
Loan Modification
related
$605,562 · C1 Bk
—
—
Tuscany Plaza LLC
—
Deed Of Trust
related
$666,105 · First Community Bank Sw Fl
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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