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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Investment properties
1901 Wade Dr Cape Coral, FL 33991-2384
Individually Owned
2-yr Hold
Property ID
US18-9116347
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,760 SF
Lot
1.68 ac (73,137 SF)
Zoning code
C
APN
21-44-23-C2-00100.0250
UPID
US18-9116347
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
-
Alligator Aluminum General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$865k
Owner & transaction history
Gary Christopher Holt SR. · 2 yrs held
Gary Christopher Holt SR.
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
C · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+76.9%
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
$925,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$700,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +77% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $800k (Aug 23 2023)
Last sale anchor
$800k
Aug 23 2023
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
$491 / 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
$5,044
Tax year 2023
Assessed value
$496,992
Assessed 2023
Previous assessed
$214,451
+131.8% YoY
Effective rate
1.01%
On assessed value
Assessed land
$292,548
Assessed improvement
$204,444
Land market value
$292,548
Improvement market value
$204,444
Total market value
$496,992
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,760 SF
Lot
1.68 ac (73,137 SF)
Zoning code
C
APN
21-44-23-C2-00100.0250
UPID
US18-9116347
Jurisdiction
LEE
Zoning & alternative use
C · Cape Coral, FL
Zoning C · permitted uses
C · 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
COMMERCIAL (GENERAL) Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Gary Christopher Holt SR.
Individual
Mailing address
2115 SE 16TH ST, CAPE CORAL, FL 33990-3882
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
$800,000
Gary Christopher Holt SR.
Robert F Bobay III
Warranty Deed
$600,000 · Robert F Bobay III Etal
Dec 11, 2019
—
Robert F Bobay III
—
Deed
related
$238,000 · Branch Bk&tr
Jan 24, 2017
—
Robert F Bobay III
Bobay,robert F III & Phyllis P
Quit Claim Deed
related
—
Nov 26, 2013
$100,000
Robert F Bobay III
Bartlett,michael W
Warranty Deed
$25,000 · Three Futures LLC
Dec 22, 2008
$230,000
Wade Drive Land 1901-1907
George,geoffrey G & Roxann
Warranty Deed
—
Nov 29, 2000
—
Brian J Majkowski
B & C Trucking & Dev INC
Grant Deed
$200,000 · Financial Resources Group INC
Nov 18, 1997
$20,000
B & C Trucking & Dev INC
Innarella,mario
Grant Deed
$20,000 · South Florida Bank
—
—
B & C Trucking & Dev INC
—
Deed Of Trust
related
$60,000 · First National Bank Ft Myers
—
—
Robert F Bobay III
—
Deed Of Trust
related
$238,000 · Branch Bk&tr
—
—
Brian J Majkowski
—
Deed Of Trust
related
$50,000 · Bank One NA
—
—
Brian J Majkowski
—
Deed Of Trust
related
$138,000 · Derocker Trust
—
—
Geoffrey G George
—
Deed Of Trust
related
$253,000 · Gmac Mortgage Corp
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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