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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
1708 Cpe Coral Pkwy W Ste 13, Cape Coral, FL 33914-6985
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4081039
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Total area
2,706 SF
Lot
1.41 ac (61,240 SF)
Zoning code
C-2
APN
16-45-23-C2-00900.0013
UPID
US18-4081039
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$610k
Owner & transaction history
West Cape Medical LLC · 5 yrs held
West Cape Medical LLC
since 2021
Last sale
$597,900
5 recorded transactions
Zoning & alternative use
C-2 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$990,000
+70.0%
Medical building
$830,000
+42.5%
Retail stores
$825,000
+41.2%
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
$680,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$585,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: +42% · Conversion: Easy
RETAIL STORES
$825,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$480,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $598k (May 6 2021)
Last sale anchor
$598k
May 6 2021
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
$225 / 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
$7,563
Tax year 2023
Assessed value
$419,695
Assessed 2023
Previous assessed
$362,067
+15.9% YoY
Effective rate
1.80%
On assessed value
Assessed improvement
$419,695
Improvement market value
$419,695
Total market value
$419,695
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
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,706 SF
Lot
1.41 ac (61,240 SF)
Zoning code
C-2
APN
16-45-23-C2-00900.0013
UPID
US18-4081039
Jurisdiction
LEE
Zoning & alternative use
C-2 · Cape Coral, FL
Zoning C-2 · permitted uses
C-2 · 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
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
MEDICAL BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$480,000
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
1993
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
West Cape Medical LLC
Entity
Mailing address
11670 ROSEMOUNT DR, FORT MYERS, FL 33913-8376
Ownership since
2021
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
May 6, 2021
$597,900
West Cape Medical LLC
805 Del Prado Building LLP
Special Warranty Deed
$478,260 · Finemark National Bank & Trust
Jul 18, 2018
—
805 Del Prado Building LLP
—
Loan Modification
related
$22,501,873 · Fifth Third Bk
Aug 10, 2016
—
805 Del Prado Building LLP
—
Deed
related
$25,000,000 · Fifth Third Bk
Feb 8, 2012
—
805 Del Prado Building LLP
—
Deed Of Trust
related
$21,759,003 · Fifth Third Bank
—
—
805 Del Prado Building LLP
—
Loan Modification
related
$25,000,000 · Fifth Third Bk
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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