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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Amusement parks
35 Pne Is Rd Cape Coral, FL 33909-2559
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2272278
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,175 SF
Lot
9.98 ac (434,903 SF)
Zoning code
CORR CORR
APN
12-44-23-C4-00500.0180
UPID
US18-2272278
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
-
Gator Mike's Family Fun Park Arcade & Gaming Center Family Recreation Center
-
Gator Mike’s Tour Operator Campground & RV Park
-
Latitude 78 Bar & Grille Bar & Pub Restaurant
-
The Dugout Sports Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.18M
Owner & transaction history
Basil 4 LLC · 3 yrs held
Basil 4 LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
CORR CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.7M
+6.7%
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
$2,195,000
ML approach
$2,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,550,000
Current use
COMMERCIAL (GENERAL)
$1,655,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,315,000
Change: -15% · Conversion: Difficult
RESTAURANT
$1,315,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $1.90M (Jun 5 2023)
Last sale anchor
$1.90M
Jun 5 2023
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
$352 / 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
$55,863
Tax year 2023
Assessed value
$4,121,785
Assessed 2023
Previous assessed
$2,390,018
+72.5% YoY
Effective rate
1.36%
On assessed value
Assessed land
$3,326,466
Assessed improvement
$795,319
Land market value
$3,326,466
Improvement market value
$795,319
Total market value
$4,121,785
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
10
Total area
6,175 SF
Lot
9.98 ac (434,903 SF)
Zoning code
CORR CORR
APN
12-44-23-C4-00500.0180
UPID
US18-2272278
Jurisdiction
LEE
Zoning & alternative use
CORR CORR · Cape Coral, FLZoning CORR CORR · permitted uses
CORR CORR · Cape Coral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
10
Lot
9.98 ac
Current owner
From public records · entity-resolved
Basil 4 LLC
Entity
Mailing address
35 NE PNE IS RD, CAPE CORAL, FL 33909-2559
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2025
—
Cjs Ces Cape Ventures LLC
—
Deed
related
$700,000 · First Commonwealth Bank
Jun 5, 2023
—
Basil 4 LLC
Cjs Ces Cape Ventures LLC
Quit Claim Deed
related
—
Jun 2, 2023
—
Cjs Ces Cape Ventures LLC
Basil 4 LLC
Quit Claim Deed
related
$682,500 · Florida Department Of Economic Oppo
Sep 14, 2022
—
Cjs Ces Cape Ventures LLC
—
Deed
related
$1,070,800 · Bank Of The Ozarks
Oct 4, 2021
—
Cjs Ces Cape Ventures LLC
—
Deed
related
$2,400,000 · Bank Of The Ozarks
Mar 22, 2021
$1,410,000
Cjs Ces Cape Ventures LLC
Patra I Marcasntonio
Warranty Deed
—
Oct 26, 2020
—
Cjs Ces Cape Ventures LLC
—
Deed
related
$150,000 · Perfect Petroleum
Apr 10, 2019
$1,900,000
Cjs Ces Cape Ventres LLC
Greenwell Bat A Ball INC
Warranty Deed
—
—
—
Cjs Ces Cape Ventures LLC
—
Deed Of Trust
related
$150,000 · Perfect Petroleum
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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