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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Strip malls
2936 Del Prado S Blvd Cape Coral, FL 33904-7225
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2775358
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C-1
APN
31-44-24-C3-00551.0930
UPID
US18-2775358
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 coral body and foot massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Grace St James Properties LLC · 2 yrs held
Grace St James Properties LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$705,000
+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
$1,245,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$705,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $1.08M (Dec 19 2023)
Last sale anchor
$1.08M
Dec 19 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
$1,155 / 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
$7,751
Tax year 2023
Assessed value
$650,736
Assessed 2023
Previous assessed
$560,282
+16.1% YoY
Effective rate
1.19%
On assessed value
Assessed land
$129,360
Assessed improvement
$521,376
Land market value
$129,360
Improvement market value
$521,376
Total market value
$650,736
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
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
1,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C-1
APN
31-44-24-C3-00551.0930
UPID
US18-2775358
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
AUTO REPAIR, GARAGE
Est. value
$705,000
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Grace St James Properties LLC
Entity
Mailing address
2946 DEL PRADO BLVD S, CAPE CORAL, FL 33904-7225
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Grace St James Properties LLC
—
Deed
related
$162,900 · United States Small Business Admin
Dec 19, 2023
$1,075,000
Grace St James Properties LLC
Blr Ventures INC
Warranty Deed
$806,250 · Blr Ventures INC
May 6, 2020
—
Blr Ventures INC
—
Deed Of Trust
related
$700,000 · Barbara Langer
Apr 22, 2015
$380,000
Blr Ventures INC
Ft Steuben Land Trust
Warranty Deed
—
Aug 14, 2014
—
Ft Steuben Land Trust
Mcmenamy Properties LLC
Quit Claim Deed
related
—
May 28, 2014
$300,000
Mcmenamy Properties LLC
Gerrero,robert D SR & Elaine J
Warranty Deed
—
Oct 20, 1998
—
Jeffrey Gerrero
Gerrero,robert D
Quit Claim Deed
related
$218,000 · Florida Community Bank
Oct 20, 1998
$125,000
Gerrero,robert D
Haywood,stephen W
Trustees Deed
—
—
—
Blr Ventures INC
—
Deed Of Trust
related
$304,000 · Harbor Cmnty Bk
—
—
Robert D Gerrero SR.
—
Deed Of Trust
related
$550,000 · Orion 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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