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Property profile & analytics
OFF-MARKET
Investment properties
384 Railroad Ave Boca Grande, FL 33921
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2209938
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,776 SF
Lot
0.06 ac (2,574 SF)
Zoning code
C-2
APN
14-43-20-01-00014.0030
UPID
US18-2209938
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gasparilla Inn INC · 1 yrs held
Gasparilla Inn INC
since 2024
6 recorded transactions
Zoning & alternative use
C-2 · Boca Grande, 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 Boca Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Grande 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,190
Tax year 2023
Assessed value
$407,037
Assessed 2023
Previous assessed
$662,977
-38.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$407,027
Assessed improvement
$10
Land market value
$407,027
Improvement market value
$10
Total market value
$407,037
Applied tax rate
5.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Bathrooms
3
Total area
1,776 SF
Lot
0.06 ac (2,574 SF)
Zoning code
C-2
APN
14-43-20-01-00014.0030
UPID
US18-2209938
Jurisdiction
LEE
Zoning & alternative use
C-2 · Boca Grande, FL
Zoning C-2 · permitted uses
C-2 · Boca Grande, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Grande. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Gasparilla Inn INC
Entity
Mailing address
384 E RAILROAD AVE #101, BOCA GRANDE, FL 33921
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
—
Gasparilla Inn INC
Tower Landing LLC
Lease
—
Aug 8, 2023
$975,000
Tower Landing LLC
384 East Railroad Avenue LLC
Warranty Deed
$875,000 · 384 East Railroad Avenue LLC
Aug 19, 2010
$900,000
384 East Railroad Avenue LLC
Perry,shana E
Grant Deed
—
May 27, 2005
$575,000
Violet G Bargeon
Boca Grande Baking Co LLC
Grant Deed
$250,000 · Boca Grande Baking Co LLC
Apr 26, 2000
$1,050,000
Boca Grande Bakery LLC
Ekasala,william & Glenda
Grant Deed
$525,000 · Seller
—
—
Violet G Bargeon
—
Deed Of Trust
related
$63,674 · Robert M SR & Gail B Berrey
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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