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Property profile & analytics
OFF-MARKET
Estimated value
$14,645,000
Warehouses
301 Pne Is Rd Cape Coral, FL 33909-2592
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4843690
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
STEEL FRAME
Total area
103,182 SF
Lot
5.01 ac (218,148 SF)
Zoning code
CORR
APN
12-44-23-C4-00500.0090
UPID
US18-4843690
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
-
Sam's Club Optical Center Eye Care Center
-
Sam's Club Floral (Bike/Boat/Book/etc) Store Florist
-
Sam's Club Tire & Battery (Bike/Boat/Book/etc) Store Auto Parts Store
-
Chapman’s southern cooking Bbq Area
-
Gerald Cowan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.74M
Comparable Approach
Comparable
$14.58M
Blend (final)
Blend
$14.65M
Owner & transaction history
Fit Real Estate LLC · 4 yrs held
Fit Real Estate LLC
since 2021
Last sale
$43,500
4 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$22.2M
+13.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,135,000
6.5%
$16,740,000
7%
$15,545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,520,000
Current use
OFFICE BUILDING
$22,240,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$14.65M
Range $13.18M – $16.11M · ±10% · vs last sale $44k (Oct 7 2021)
Last sale anchor
$44k
Oct 7 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
$142 / 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
$102,583
Tax year 2023
Assessed value
$11,082,525
Assessed 2023
Previous assessed
$11,082,525
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,316,043
Assessed improvement
$9,766,482
Land market value
$1,316,043
Improvement market value
$9,766,482
Total market value
$11,082,525
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Bathrooms
3
Total area
103,182 SF
Lot
5.01 ac (218,148 SF)
Zoning code
CORR
APN
12-44-23-C4-00500.0090
UPID
US18-4843690
Jurisdiction
LEE
Zoning & alternative use
CORR · Cape Coral, FL
Zoning CORR · permitted uses
CORR · 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
WAREHOUSE, STORAGE Current
Est. value
$19.5M
OFFICE BUILDING
Est. value
$22.2M
WAREHOUSE, STORAGE Current
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
5.01 ac
Current owner
From public records · entity-resolved
Fit Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$43,500
Fit Real Estate LLC
Phyllis Catania
Warranty Deed
—
Apr 7, 2010
—
U Store It LP
Ysi I LLC
Special Warranty Deed
$450,000,000 · Wachovia Bank NA
Nov 12, 2004
$7,000,000
Ysi I LLC
Acquiport Of Amsdell I
Deed Of Trust
related
$424,500,000 · Lehman Capital Corp
Dec 15, 2000
$5,350,000
Acquiport/amsdell I LP
Amsdell Holdings I INC
Grant Deed
related
—
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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