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Property profile & analytics
OFF-MARKET
Estimated value
$8,545,000
Retail properties & Spaces
3071 Pne Is Rd Cape Coral, FL 33909-6515
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0287603
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,900 SF
Lot
7.07 ac (307,969 SF)
Zoning code
CPD
APN
34-43-24-03-0000H.0000
UPID
US19-0287603
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
-
Bealls Florida Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.55M
Owner & transaction history
Rb Merchants LLC · 10 yrs held
Rb Merchants LLC
since 2015
4 recorded transactions
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
$106 / 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
$51,526
Tax year 2023
Assessed value
$3,470,854
Assessed 2023
Previous assessed
$3,025,455
+14.7% YoY
Effective rate
1.48%
On assessed value
Assessed land
$880,053
Assessed improvement
$2,590,801
Land market value
$880,053
Improvement market value
$2,590,801
Total market value
$3,470,854
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
80,900 SF
Lot
7.07 ac (307,969 SF)
Zoning code
CPD
APN
34-43-24-03-0000H.0000
UPID
US19-0287603
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.07 ac
Current owner
From public records · entity-resolved
Rb Merchants LLC
Entity
Mailing address
4280 PROFESSIONAL CTR DR, PALM BEACH GARDENS, FL 33410-4280
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · 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
May 23, 2006
$2,400,000
Hart Centers Nine LLC
Ai North Fort Myers LLC
Grant Deed
—
Apr 26, 2004
$1,450,000
Ai North Fort Myers LLC
Merchants Crossing Of North Ft My
Warranty Deed
—
—
—
Hart Centers Nine LLC
—
Deed Of Trust
related
$6,900,000 · City National Bank Of Florida
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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