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Property profile & analytics
FOR SALE
Medical Office Space
4017 Del Prado Blvd S Cape Coral, FL 33904
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5298540
For Sale
1 / 3
$1,600,000
4017 Del Prado Blvd S, Cape Coral, FL 33904
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,748 SF
Lot
0.66 ac (28,750 SF)
Zoning code
P-1W
APN
07-45-24-C2-00390.0010
UPID
US18-5298540
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
-
Dr. Larry Castillo Physician Medical Clinic
-
Robert L. Pineiro, PA Physician
-
Dr. Joseph M. Zeterberg, MD Physician
-
Lazaro Castillo Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.70M
Owner & transaction history
Jrw Del Prado LLC · 2 yrs held
Jrw Del Prado LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
P-1W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+129.6%
Commercial (general)
$1.5M
+29.8%
Neighborhood: shopping center
$1.4M
+19.3%
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
$1,850,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,150,000
Current use
AUTO REPAIR, GARAGE
$2,640,000
Change: +130% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,495,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,375,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.60M (Sep 5 2023)
Last sale anchor
$1.60M
Sep 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
$452 / 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
$19,943
Tax year 2023
Assessed value
$1,301,842
Assessed 2023
Previous assessed
$1,121,384
+16.1% YoY
Effective rate
1.53%
On assessed value
Assessed land
$462,465
Assessed improvement
$839,377
Land market value
$462,465
Improvement market value
$839,377
Total market value
$1,301,842
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,748 SF
Lot
0.66 ac (28,750 SF)
Zoning code
P-1W
APN
07-45-24-C2-00390.0010
UPID
US18-5298540
Jurisdiction
LEE
Zoning & alternative use
P-1W · Cape Coral, FL
Zoning P-1W · permitted uses
P-1W · 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
MEDICAL BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Jrw Del Prado LLC
Entity
Mailing address
9130 CORSEA DEL FONTANA WAY, NAPLES, FL 34109-4395
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
$1,600,000
Jrw Del Prado LLC
Llg Lake George LLC
Warranty Deed
$1,500,000 · First Horizon Bank
Feb 22, 2022
—
Llg Lake George LLC
—
Deed
related
$1,200,000 · South State Bank National Association
Feb 20, 2015
$1,000,000
Llg Lake George LLC
Castillo Lanthier Cape Coral Proper
Warranty Deed
$750,000 · Wells Fargo Bank NA
Apr 20, 2000
$675,000
Lanthier Cape Coral P Castillo
Zeterberg Trust
Grant Deed
$1,195,000 · Atlantic States Bank
—
—
Cape Coral P Castillo-lanthier
—
Deed Of Trust
related
$130,000 · Orion Bank
—
—
Cape Coral P Castillo-lanthier
—
Deed Of Trust
related
$1,100,000 · Orion Bank
—
—
Cape Coral P Castillo-lanthier
—
Loan Modification
related
$694,398 · Iberiabank
—
—
Cape Coral P Castillo-lanthler
—
Deed Of Trust
related
$819,516 · 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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