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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Strip malls
2717 Santa Barbara Blvd 1-8 Cape Coral, FL 33914-4432
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-8541268
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,207 SF
Lot
0.7 ac (30,625 SF)
Zoning code
C-1
APN
36-44-23-C1-00554.0060
UPID
US18-8541268
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
-
Cape Global Multiservices, LLC Business To Business Service
-
Bitbox Bitcoin ATM Atm
-
Tee & Dee Pool Supplies-Thomas (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
VIP LOOKS LLC Hair Salon Nail Salon
-
Abundant Life Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.61M
Owner & transaction history
Towers III Ocg LLC · 5 yrs held
Towers III Ocg LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+8.8%
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
$1,815,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,410,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,275,000
Current use
COMMERCIAL (GENERAL)
$2,475,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$1,905,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$1,890,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.60M (Apr 22 2021)
Last sale anchor
$1.60M
Apr 22 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
$259 / 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
$20,472
Tax year 2023
Assessed value
$1,213,930
Assessed 2023
Previous assessed
$1,046,918
+16.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$549,596
Assessed improvement
$664,334
Land market value
$549,596
Improvement market value
$664,334
Total market value
$1,213,930
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
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
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
6,207 SF
Lot
0.7 ac (30,625 SF)
Zoning code
C-1
APN
36-44-23-C1-00554.0060
UPID
US18-8541268
Jurisdiction
LEE
Zoning & alternative use
C-1 · Cape Coral, FL
Zoning C-1 · permitted uses
C-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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Towers III Ocg LLC
Entity
Mailing address
7321 MERCHANT CT, LAKEWOOD RANCH, FL 34240-8466
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
Apr 22, 2021
$1,600,000
Towers III Ocg LLC
Dmdn LLC
Warranty Deed
—
Jan 6, 2010
$427,000
Dmdn LLC
Cvm 1 Reo LLC
Warranty Deed
—
May 29, 2009
$100
Cvm 1 Reo LLC
Gattuso,maria Coc
Trustees Deed
related
—
—
—
Dmdn LLC
—
Deed Of Trust
related
$520,000 · First American Bk
—
—
Dmdn LLC
—
Deed Of Trust
related
$200,000 · First America Bk
—
—
Dmdn LLC
—
Loan Modification
related
$676,611 · Harbor Cmnty Bk
—
—
Dmdn LLC
—
Deed Of Trust
related
$594,000 · Charlotte St Bk&tr
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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