Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,730,000
Assisted living facilities
216 Santa Barbara Blvd Cape Coral, FL 33991-2031
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1071658
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,546 SF
Lot
4.86 ac (211,658 SF)
Zoning code
C1-D
APN
14-44-23-C2-00007.0010
UPID
US18-1071658
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
-
Katherine H. Brucker, MPT Physician
-
Hillary C. Klos, MSPT Medical Clinic
-
Aspire at Santa Barbara Nursing Home Retirement Community
-
Kristy Desjardin Physician
-
John Magin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.73M
Owner & transaction history
216 Santa Barbara Blvd Fl Owner LLC · 2 yrs held
216 Santa Barbara Blvd Fl Owner LLC
since 2023
Last sale
$9.7M
5 recorded transactions
Zoning & alternative use
C1-D · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.2M
+91.4%
Neighborhood: shopping center
$14.9M
+75.9%
Medical building
$12.5M
+47.4%
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
$11,175,000
ML approach
$8,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$8,445,000
Current use
COMMERCIAL (GENERAL)
$16,160,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,850,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$12,450,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$12,340,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$8,740,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$9.73M
Range $8.76M – $10.70M · ±10% · vs last sale $9.67M (Nov 6 2023)
Last sale anchor
$9.67M
Nov 6 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
$240 / 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
$77,765
Tax year 2023
Assessed value
$4,354,725
Assessed 2023
Previous assessed
$4,081,599
+6.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$454,080
Assessed improvement
$3,900,645
Land market value
$454,080
Improvement market value
$3,900,645
Total market value
$4,354,725
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
40,546 SF
Lot
4.86 ac (211,658 SF)
Zoning code
C1-D
APN
14-44-23-C2-00007.0010
UPID
US18-1071658
Jurisdiction
LEE
Zoning & alternative use
C1-D · Cape Coral, FL
Zoning C1-D · permitted uses
C1-D · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
MEDICAL BUILDING
Est. value
$12.5M
RETAIL STORES
Est. value
$12.3M
OFFICE BUILDING
Est. value
$8.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.86 ac
Current owner
From public records · entity-resolved
216 Santa Barbara Blvd Fl Owner LLC
Entity
Mailing address
885 3RD AVE FL #29, NEW YORK, NY 10022-4834
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$9,667,500
216 Santa Barbara Blvd Fl Owner LLC
Fc Encore Cape Coral LLC
Special Warranty Deed
—
Sep 20, 2016
$12,328,700
Fc Encore Cape Coral LLC
Fc Encore Core Properties LLC
Grant Deed
—
Oct 11, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
Jan 16, 2002
$1,859,614
Formation Properties I LLC
Beverly Enterprises Florida
Grant Deed
—
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 216 Santa Barbara Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
