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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Flex space
2603 Andalusia Blvd Cape Coral, FL 33909-2922
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-1193058
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
STEEL FRAME
Total area
35,368 SF
Lot
2.13 ac (92,913 SF)
Zoning code
I-1
APN
30-43-24-C4-00302.001A
UPID
US18-1193058
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
-
IMS Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.73M
Owner & transaction history
Federal Natl Mtg Assn Fnma · 13 yrs held
Federal Natl Mtg Assn Fnma
since 2013
7 recorded transactions
Zoning & alternative use
I-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$77 / 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
$25,829
Tax year 2023
Assessed value
$1,696,421
Assessed 2023
Previous assessed
$1,824,654
-7.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$843,836
Assessed improvement
$852,585
Land market value
$843,836
Improvement market value
$852,585
Total market value
$1,696,421
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
2
Bathrooms
6
Total area
35,368 SF
Lot
2.13 ac (92,913 SF)
Zoning code
I-1
APN
30-43-24-C4-00302.001A
UPID
US18-1193058
Jurisdiction
LEE
Zoning & alternative use
I-1 · Cape Coral, FL
Zoning I-1 · permitted uses
I-1 · 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.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
6
Lot
2.13 ac
Current owner
From public records · entity-resolved
Federal Natl Mtg Assn Fnma
Individual
Mailing address
2603 ANDALUSIA BLVD, CAPE CORAL, FL 33909-2922
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Mar 11, 2013
$215,900
Federal Natl Mtg Assn Fnma
Wells Fargo Bk NA
Grant Deed
—
Feb 11, 2013
$350,000
Ims 2603 Andalusia INC
Wells Fargo Bk NA 2004-2
Grant Deed
—
Nov 5, 2012
—
Wells Fargo Bank NA 2004-2
General Elec Cap Corp
Grant Deed
—
Jan 6, 2011
$100,100
General Elec Cap Corp
Action Craft INC Coc
Trustees Deed
related
—
May 12, 1998
$800,000
Action Craft INC
Shea Trust
Grant Deed
$720,000 · Southtrust Bank NA
—
—
Action Craft INC
—
Deed Of Trust
related
$263,000 · Ge Capital Small Business Finl
—
—
Action Craft INC
—
Deed Of Trust
related
$363,000 · General Electric Capital 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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