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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Hotels
3608 Del Prado S Blvd Cape Coral, FL 33904-7139
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1805292
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,725 SF
Lot
1.33 ac (57,804 SF)
Zoning code
C1-W
APN
06-45-24-C2-00501.0010
UPID
US18-1805292
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
-
OYO Aurora Hotel & Motel
-
OYO Waterfront Hotel- Cape Coral/Fort Myers, FL Hotel & Motel
-
Integra DG Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Narayan Farm LLC · 9 yrs held
Narayan Farm LLC
since 2017
7 recorded transactions
Zoning & alternative use
C1-W · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,160,000
Current use
RESTAURANT
$3,555,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±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
$414 / 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
$60,961
Tax year 2023
Assessed value
$4,298,794
Assessed 2023
Previous assessed
$4,298,794
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,044,359
Assessed improvement
$3,254,435
Land market value
$1,044,359
Improvement market value
$3,254,435
Total market value
$4,298,794
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
30
Bathrooms
49
Total area
7,725 SF
Lot
1.33 ac (57,804 SF)
Zoning code
C1-W
APN
06-45-24-C2-00501.0010
UPID
US18-1805292
Jurisdiction
LEE
Zoning & alternative use
C1-W · Cape Coral, FL
Zoning C1-W · permitted uses
C1-W · 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
HOTEL/MOTEL Current
Est. value
$4.2M
RESTAURANT
Est. value
$3.6M
HOTEL/MOTEL Current
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
30
Bathrooms
49
Lot
1.33 ac
Current owner
From public records · entity-resolved
Narayan Farm LLC
Entity
Mailing address
3608 DEL PRADO BLVD S, CAPE CORAL, FL 33904-7139
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2017
$3,600,000
Narayan Farm LLC
Tropical Resort INC
Warranty Deed
$3,300,000 · Cbc National Bank
Jun 15, 2016
—
Tropical Resorts INC
—
Deed
related
$1,800,000 · First Fl Integrity Bk
Mar 3, 2010
$250,000
Tropical Resorts INC
Bothwell Inv Gray Mgmt Ltd
Grant Deed
—
Dec 3, 2009
—
Tropical Resorts INC
—
Deed Of Trust
related
$2,147,478 · Fifth Third Bank
Dec 4, 2002
$3,150,000
Tropical Resort INC
Burun,joseph E & Mary H
Grant Deed
$2,520,000 · Rbb Investments LLC
—
—
Tropical Resorts INC
—
Deed Of Trust
related
$2,057,478 · Fifth Third Bank
—
—
Tropical Resorts INC
—
Deed Of Trust
related
$2,147,478 · Fifth Third Bank
—
—
Tropical Resorts INC
—
Loan Modification
related
$2,147,478 · Fifth Third Bk
—
—
Tropical Resorts INC
—
Loan Modification
related
—
—
—
Tropical Resorts INC
—
Deed Of Trust
related
$86,017 · Fifth Third Bank
—
—
Tropical Resorts INC
—
Deed Of Trust
related
$1,919,885 · Fifth Third Bank
—
—
Tropical Resorts INC
—
Deed Of Trust
related
$1,800,000 · First Fl Integrity Bk
—
—
Tropical Resorts INC
—
Deed Of Trust
related
$100,000 · First National Bank Florida
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.
Try Rey
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