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Property profile & analytics
OFF-MARKET
Estimated value
$6,785,000
Outlet malls
2050 Pne Is Rd Cape Coral, FL 33991-1805
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3372501
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,287 SF
Lot
3.82 ac (166,312 SF)
Zoning code
CORR
APN
21-44-23-C1-00005.0000
UPID
US18-3372501
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
-
Tractor Supply Co. Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.95M
CAP Approach
CAP
$4.48M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$6.79M
Owner & transaction history
Realty Income Properties 13 LLC · 5 yrs held
Realty Income Properties 13 LLC
since 2021
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+51.3%
Commercial (general)
$7.7M
+31.0%
Neighborhood: shopping center
$7.1M
+20.4%
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
$7,310,000
ML approach
$6,950,000
CAP Approach
CAP Return
Estimation
6%
$4,845,000
6.5%
$4,475,000
7%
$4,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,870,000
Current use
RESTAURANT
$8,880,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,685,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,065,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$5,920,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$6.79M
Range $6.11M – $7.46M · ±10% · vs last sale $6.44M (May 20 2021)
Last sale anchor
$6.44M
May 20 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
$352 / 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
$96,459
Tax year 2023
Assessed value
$6,477,124
Assessed 2023
Previous assessed
$6,477,124
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$3,184,534
Assessed improvement
$3,292,590
Land market value
$3,184,534
Improvement market value
$3,292,590
Total market value
$6,477,124
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
19,287 SF
Lot
3.82 ac (166,312 SF)
Zoning code
CORR
APN
21-44-23-C1-00005.0000
UPID
US18-3372501
Jurisdiction
LEE
Zoning & alternative use
CORR · Cape Coral, FL
Zoning CORR · permitted uses
CORR · 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
RETAIL STORES Current
Est. value
$5.9M
RESTAURANT
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$5.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Realty Income Properties 13 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$6,438,095
Realty Income Properties 13 LLC
Hix 1031 Properties LLC
Special Warranty Deed
—
May 27, 2020
$700,000
Bix 1031 Properties LLC
Cape Coral R/e Hldgs LLC
Warranty Deed
—
Jun 11, 2013
$385,000
Cape Coral R & E Holdings LLC
Stonegate Bk
Grant Deed
—
May 23, 2013
—
Stonegate Bk
Steiner,gregory P
Quit Claim Deed
related
—
Jan 24, 2013
$100
Stonegate Bk
Steiner,greg Coc
Trustees Deed
related
—
Aug 18, 2005
$1,990,000
Island Road Investment Pine
Staffile,paul
Warranty Deed
$1,592,000 · Pine Is Road Com'l Cor Tr (tr)
—
—
Island Road Investment Pine
—
Deed Of Trust
related
$1,675,417 · Southwest Capital Bank
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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