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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Drive through restaurants
3111 Pne Is Rd, Cape Coral, FL 33909-6514
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-1761983
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2002
Construction
FRAME
Total area
2,194 SF
Lot
0.79 ac (34,587 SF)
Zoning code
CPD
APN
34-43-24-03-000P0.0000
UPID
US18-1761983
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$605k
Owner & transaction history
Pop Florida Properties LLC · 7 yrs held
Pop Florida Properties LLC
since 2018
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$875,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
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
$276 / 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
$20,225
Tax year 2023
Assessed value
$1,353,713
Assessed 2023
Previous assessed
$1,345,051
+0.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$861,009
Assessed improvement
$492,704
Land market value
$861,009
Improvement market value
$492,704
Total market value
$1,353,713
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,194 SF
Lot
0.79 ac (34,587 SF)
Zoning code
CPD
APN
34-43-24-03-000P0.0000
UPID
US18-1761983
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$875,000
COMMERCIAL (GENERAL)
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Pop Florida Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4515 LYNDON B JOHNSON FWY, DALLAS, TX 75244-5905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2018
—
Pop Florida Properties LLC
Pop Holdings LP
Quit Claim Deed
related
—
Oct 9, 2015
$20,500,000
Rb Merchants LLC
Hart Centers Vii Ltd
Trustees Deed
$15,375,000 · Israel Discount Bk/ny
May 8, 2009
—
Pop Holdings
—
Deed Of Trust
related
$7,500,000 · Northern Trust Co
Sep 6, 2007
$661,700
Pop Holdings
Southeast Restaurant Props LLC
Grant Deed
$1,273,000 · General Electric Capital Corp
Nov 19, 2001
$627,900
Southeast Restaurant Propertie
Fort Myers Naples Property Man
Grant Deed
—
Nov 19, 2001
$465,000
Myers Naples Property Man Fort
Merchants Crossing Of North Fl
Grant Deed
—
—
—
Southeast Restaurant Propertie
—
Deed Of Trust
related
$800,000 · Gmac Commercial Mortgage Corp
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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