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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
324 Nicholas W Pkwy, Cape Coral, FL 33991-2559
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-2840504
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,574 SF
Lot
1.18 ac (51,444 SF)
Zoning code
CORR
APN
14-44-23-C4-01936.0390
UPID
US18-2840504
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
-
Earp Enterprises Inc Financial Advisor Insurance Agency
-
Ardurra Surveyor Land Surveyor
-
Beyond Audio Visual Tech Support Center Rental Equipment Company
-
EARPware (Bike/Boat/Book/etc) Store Corporate Office
-
Thompson Roofing & Reconstruction of Florida Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$885k
Owner & transaction history
Dynamic Properties LLC · 12 yrs held
Dynamic Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+84.9%
Neighborhood: shopping center
$1.3M
+70.0%
Medical building
$1.1M
+42.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Current use
COMMERCIAL (GENERAL)
$1,425,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$1,095,000
Change: +42% · Conversion: Easy
RETAIL STORES
$1,090,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$635,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$248 / 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
$21,054
Tax year 2023
Assessed value
$1,850,456
Assessed 2023
Previous assessed
$1,850,456
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$412,962
Assessed improvement
$1,437,494
Land market value
$412,962
Improvement market value
$1,437,494
Total market value
$1,850,456
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,574 SF
Lot
1.18 ac (51,444 SF)
Zoning code
CORR
APN
14-44-23-C4-01936.0390
UPID
US18-2840504
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
OFFICE BUILDING Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$635,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1.18 ac
Current owner
From public records · entity-resolved
Dynamic Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1616 CPE CORAL PKWY W STE 102STE102, CAPE CORAL, FL 33914-6979
Ownership since
2014
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
Jul 8, 2014
$660,000
Dynamic Properties LLC
Iberiabank
Grant Deed
—
Dec 17, 2013
$100
Iberiabank
Stouten,donald D Coc
Trustees Deed
related
—
Mar 5, 2008
—
Donald D Stouten
—
Trustees Deed
related
$72,875 · Florida Gulf Bank
Oct 6, 2005
—
Donald D Sutton
—
Trustees Deed
related
$1,009,000 · Florida Gulf Bank
May 16, 2002
$86,000
Donald D Stouten
State University Of Iowa
Grant Deed
—
—
—
Donald D Stouten
—
Deed Of Trust
related
$1,090,141 · Florida Gulf Bank
—
—
Donald D Stouten
—
Deed Of Trust
related
$1,009,000 · Florida Gulf 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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