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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Community centers
303 3rd Ave Cape Coral, FL 33909-2538
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0781986
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,000 SF
Lot
1.6 ac (69,696 SF)
Zoning code
CORR
APN
12-44-23-C3-00600.0010
UPID
US19-0781986
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
-
WILL'S SERVICE GROUP Land Surveyor
-
The Traveling Therapist LLC Crisis Center Medical Clinic
-
Mja Logistic Inc Trucking Company
-
Panache Kristin's Hair Salon Hair Salon
-
Matthew's Pizza Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$2.23M
Owner & transaction history
Mjm Real Estate Holdings LLC · 5 yrs held
Mjm Real Estate Holdings LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+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
$2,685,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
$2,380,000
6.5%
$2,200,000
7%
$2,040,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,295,000
Current use
COMMERCIAL (GENERAL)
$3,585,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,765,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$2,740,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $1.85M (Dec 28 2020)
Last sale anchor
$1.85M
Dec 28 2020
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
$247 / 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
$43,618
Tax year 2023
Assessed value
$2,815,391
Assessed 2023
Previous assessed
$2,426,702
+16.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,051,085
Assessed improvement
$1,764,306
Land market value
$1,051,085
Improvement market value
$1,764,306
Total market value
$2,815,391
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
9,000 SF
Lot
1.6 ac (69,696 SF)
Zoning code
CORR
APN
12-44-23-C3-00600.0010
UPID
US19-0781986
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Mjm Real Estate Holdings LLC
Entity
Mailing address
93 AVALON WAY, THOMASVILLE, GA 31792-8683
Ownership since
2020
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
Dec 28, 2020
$1,850,000
Mjm Real Estate Holdings LLC
Ankusha LLC
Warranty Deed
$1,550,000 · Thomasville National Bank
Oct 2, 2020
—
Eligeti Real Estate LP
—
Deed
related
$668,610 · Truist Bk
Jun 2, 2015
$1,750,000
Eligeti Real Estate LP
Royal Oak Center LLC
Warranty Deed
—
Nov 22, 2005
—
Royal Oak Center LLC
—
Trustees Deed
related
$775,000 · Orion Bank
Nov 12, 2004
$550,000
Royal Oak Center LLC
Brand,douglas
Warranty Deed
—
Jul 9, 2003
$157,000
Douglas Brand
Wilson,ivan F Est
Grant Deed
—
—
—
Web Co Partnership
—
Deed Of Trust
related
$100,000 · First National Bank Florida
—
—
Eligeti Real Estate LP
—
Loan Modification
related
$668,610 · Truist Bk
—
—
Royal Oak Center LLC
—
Deed Of Trust
related
$250,000 · 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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