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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Office buildings
3501 Del Prado S Blvd Cape Coral, FL 33904-7201
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-2104736
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,098 SF
Lot
1.41 ac (61,308 SF)
Zoning code
P1-W
APN
05-45-24-C1-00573.0500
UPID
US18-2104736
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
-
Enrique M Ochoa DDS Inc Dental Office
-
Community Behavioral Heath LLC Medical Clinic
-
Dawson of Florida LLC Insurance Agency
-
HD Florida Real Estate: Henry Dietz Real Estate Agency
-
LendStar Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.35M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$5.05M
Owner & transaction history
Harbor Properties · 6 yrs held
Harbor Properties
since 2020
Last sale
$3.5M
4 recorded transactions
Zoning & alternative use
P1-W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$4.7M
+129.9%
Commercial (general)
$4.0M
+99.0%
Neighborhood: shopping center
$3.7M
+82.9%
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%
$2,540,000
6.5%
$2,345,000
7%
$2,180,000
Alternative Use
Use
Estimation
RESTAURANT
$4,650,000
Change: +130% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,025,000
Change: +99% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,700,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$3,100,000
Change: +53% · Conversion: Easy
RETAIL STORES
$2,395,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $3.48M (Feb 14 2020)
Last sale anchor
$3.48M
Feb 14 2020
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
$500 / 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
$51,431
Tax year 2023
Assessed value
$3,012,707
Assessed 2023
Previous assessed
$2,592,878
+16.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$431,668
Assessed improvement
$2,581,039
Land market value
$431,668
Improvement market value
$2,581,039
Total market value
$3,012,707
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Total area
10,098 SF
Lot
1.41 ac (61,308 SF)
Zoning code
P1-W
APN
05-45-24-C1-00573.0500
UPID
US18-2104736
Jurisdiction
LEE
Zoning & alternative use
P1-W · Cape Coral, FLZoning P1-W · permitted uses
P1-W · 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
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
1.41 ac
Current owner
From public records · entity-resolved
Harbor Properties
Entity
Free & Clear · 6 yrs held
Mailing address
850 S HERMITAGE RD STE B1, HERMITAGE, PA 16148-3679
Ownership since
2020
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
Feb 14, 2020
$3,480,800
Harbor Properties
3501 Del Prado Blvd LLC
Warranty Deed
—
Nov 27, 2006
$1,759,900
Cape Coral Financial Center LLC
Weiner Corp
Warranty Deed
$2,000,000 · Countrywide Commercial Real Estate
Aug 2, 2001
$2,650,000
Welnwer Corp
Capsal Investments
Grant Deed
—
Sep 14, 1999
$2,650,000
Weiner Corp
Capsal Investments
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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