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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Outlet malls
3226 Del Prado S Blvd Cape Coral, FL 33904-7246
Entity Owned
Free & Clear
Property ID
US18-7846700
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,172 SF
Lot
2.21 ac (96,268 SF)
Zoning code
C
APN
06-45-24-C2-4000A.0000
UPID
US18-7846700
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
-
Goodwill Retail & Donation Center Discount Store
-
Dr.Greg McNeal Physician
-
Goodwill Cape Coral - Community Resource Center (CRC) Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.02M
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
$4.25M
Blend (final)
Blend
$4.55M
Owner & transaction history
Waltco Enterprises INC
Waltco Enterprises INC
since 2026
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
C · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.8M
+68.0%
Neighborhood: shopping center
$6.3M
+54.4%
Medical building
$5.3M
+29.5%
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
$5,085,000
ML approach
$5,020,000
CAP Approach
CAP Return
Estimation
6%
$4,315,000
6.5%
$3,985,000
7%
$3,700,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,075,000
Current use
COMMERCIAL (GENERAL)
$6,845,000
Change: +68% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,290,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$5,275,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$3,440,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±10% · vs last sale $4.48M (Sep 24 2021)
Last sale anchor
$4.48M
Sep 24 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
$265 / 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
$51,429
Tax year 2023
Assessed value
$3,394,997
Assessed 2023
Previous assessed
$3,812,257
-10.9% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,835,446
Assessed improvement
$1,559,551
Land market value
$1,835,446
Improvement market value
$1,559,551
Total market value
$3,394,997
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
17,172 SF
Lot
2.21 ac (96,268 SF)
Zoning code
C
APN
06-45-24-C2-4000A.0000
UPID
US18-7846700
Jurisdiction
LEE
Zoning & alternative use
C · Cape Coral, FL
Zoning C · permitted uses
C · 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
RETAIL STORES Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Waltco Enterprises INC
Entity
Free & Clear · 0 yrs held
Mailing address
108 GTWY BLVD STE #104, MOORESVILLE, NC 28117-5597
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
$5,940,000
Waltco Enterprises INC
Piedmont Metrolina Fund 24 LLC
Special Warranty Deed
—
Sep 24, 2021
$4,480,000
Peidmont Metrolina Fund
Piedmont Development
Special Warranty Deed
$3,850,000 · Blueharbor 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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