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Property profile & analytics
FOR LEASE
Strip malls
231 Del Prado Blvd S Cape Coral, FL 33990
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5354098
For Lease
1 / 8
$22 SF/Yr
231 Del Prado Blvd S, Cape Coral, FL 33990
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,580 SF
Lot
1.74 ac (75,600 SF)
Zoning code
C1-D
APN
17-44-24-C1-01322.0200
UPID
US18-5354098
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
-
Wingnuts Restaurant
-
Chef Max Restaurant Take-out & Catering
-
PJC Coastal Medical Clinic
-
Nobile Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
D-Uñas - Cape Coral Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$4.02M
Owner & transaction history
Fp44 LLC · 4 yrs held
Fp44 LLC
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
C1-D · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+92.5%
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
$4,075,000
ML approach
$4,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,230,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$4.02M
Range $3.61M – $4.42M · ±10% · vs last sale $3.90M (Mar 15 2022)
Last sale anchor
$3.90M
Mar 15 2022
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
$877 / 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
$51,333
Tax year 2023
Assessed value
$2,988,957
Assessed 2023
Previous assessed
$2,573,231
+16.2% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,360,346
Assessed improvement
$1,628,611
Land market value
$1,360,346
Improvement market value
$1,628,611
Total market value
$2,988,957
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
4,580 SF
Lot
1.74 ac (75,600 SF)
Zoning code
C1-D
APN
17-44-24-C1-01322.0200
UPID
US18-5354098
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
AUTO REPAIR, GARAGE
Est. value
$3.2M
AUTO REPAIR, GARAGE
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Fp44 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4030 HORSE CRK BLVD, FORT MYERS, FL 33905-8305
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$3,900,000
Fp44 LLC
Moderna Plaza INC
Warranty Deed
—
Mar 15, 2022
—
Moderna Plaza INC
Saverio La Spia
Correction Deed
related
—
Aug 4, 2020
—
Moderna Plaza INC
—
Deed
related
—
Apr 12, 2019
$100
Moderna Plaza INC
La Spia,saverio & Anna
Correction Deed
related
—
Mar 25, 2019
$100
Moderna Plaza INC
La Spia,saverio & Anna
Quit Claim Deed
related
—
Jul 14, 2000
$95,500
Saverio Laspia
Johnson,maude H & Frances G
Grant Deed
—
—
—
Saverio,laspia
—
Deed Of Trust
related
$1,000,000 · Preferred Cmnty Bk
—
—
Moderna Plaza INC
—
Loan Modification
related
—
—
—
Saverio Laspia
—
Deed Of Trust
related
$25,000 · Fifth Third 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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