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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Golf courses & driving ranges
1940 9th Ct Cape Coral, FL 33991-3313
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5934229
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Construction
STEEL FRAME
Total area
7,517 SF
Lot
156.65 ac (6,823,674 SF)
Zoning code
R1-G
APN
27-44-23-C1-0000A.0000
UPID
US18-5934229
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
-
Palmetto-Pine Country Club Bar & Pub Golf Course
-
Cape Coral Slingshot Rental Car Rental Facility
-
Windows On The Green Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.58M
Owner & transaction history
Lagattafl LLC · 4 yrs held
Lagattafl LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
R1-G · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$2.0M
+6.7%
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
$1,705,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,890,000
Current use
COMMERCIAL (GENERAL)
$2,015,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,605,000
Change: -15% · Conversion: Difficult
RESTAURANT
$1,600,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.50M (Nov 23 2021)
Last sale anchor
$1.50M
Nov 23 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
$210 / 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
$69,175
Tax year 2023
Assessed value
$1,429,192
Assessed 2023
Previous assessed
$1,304,655
+9.5% YoY
Effective rate
4.84%
On assessed value
Assessed land
$594,487
Assessed improvement
$834,705
Land market value
$594,487
Improvement market value
$834,705
Total market value
$1,429,192
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Total area
7,517 SF
Lot
156.65 ac (6,823,674 SF)
Zoning code
R1-G
APN
27-44-23-C1-0000A.0000
UPID
US18-5934229
Jurisdiction
LEE
Zoning & alternative use
R1-G · Cape Coral, FLZoning R1-G · permitted uses
R1-G · Cape Coral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Lot
156.65 ac
Current owner
From public records · entity-resolved
Lagattafl LLC
Entity
Mailing address
1940 SW 9TH CT, CAPE CORAL, FL 33991-3313
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Lagattafl LLC
John A Lagatta
Intrafamily Transfer
related
—
Jan 7, 2021
$1,500,000
Dkgk Investments LLC
Palmetto-pine Country Club INC
Warranty Deed
—
Oct 7, 2016
—
Palmetto-pine Country Club INC
—
Trustees Deed
related
$200,000 · Gerald Karlen
Jul 13, 2010
—
Palmetto-pine Country Club INC
—
Deed Of Trust
related
$1,245,556 · Fifth Third Bank
Mar 9, 2009
—
Palmetto-pine Country Club INC
Palmetto-pine Country Club INC
Quit Claim Deed
related
—
Jul 30, 2004
—
Palmetto Pine Dev LLC
Palmetto-pine Country Club INC
Quit Claim Deed
related
—
—
—
Palmetto-pine Country Club INC
—
Deed Of Trust
related
$100,000 · Bank Of America
—
—
Palmetto-pine Country Club INC
—
Deed Of Trust
related
$1,400,000 · Fifth Third Bank
—
—
Palmetto-pine Country Club INC
—
Deed Of Trust
related
$813,000 · Friends/palmetto-pine Cntry Cl
—
—
Palmetto-pine Country Club INC
—
Deed Of Trust
related
$1,400,000 · Bank Of America
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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