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Property profile & analytics
OFF-MARKET
Estimated value
$16,390,000
Outlet malls
3031 Pne Is Rd Cape Coral, FL 33909-6515
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3386356
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Construction
CONCRETE
Total area
158,197 SF
Lot
11.15 ac (485,563 SF)
Zoning code
CPD
APN
34-43-24-03-0000I.0000
UPID
US18-3386356
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
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Achieva Credit Union Credit Union
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
Plumbing Repair Service at Depot Plumbing Service General Contractor
-
Garden Center at The Home Depot Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.39M
Owner & transaction history
Rb Merchants LLC · 10 yrs held
Rb Merchants LLC
since 2015
1 recorded transaction
Zoning & alternative use
CPD · 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
$104 / 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
$76,183
Tax year 2023
Assessed value
$5,889,637
Assessed 2023
Previous assessed
$4,886,329
+20.5% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,210,671
Assessed improvement
$3,678,966
Land market value
$2,210,671
Improvement market value
$3,678,966
Total market value
$5,889,637
Applied tax rate
39.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
158,197 SF
Lot
11.15 ac (485,563 SF)
Zoning code
CPD
APN
34-43-24-03-0000I.0000
UPID
US18-3386356
Jurisdiction
LEE
Zoning & alternative use
CPD · Cape Coral, FL
Zoning CPD · permitted uses
CPD · 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
1993
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
11.15 ac
Current owner
From public records · entity-resolved
Rb Merchants LLC
Entity
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2015
$20,500,000
Rb Merchants LLC
Hart Centers Vii Ltd
Trustees Deed
$15,375,000 · Israel Discount Bk/ny
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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