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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
4049 Del Prado S Blvd Cape Coral, FL 33904-7162
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5174276
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,145 SF
Lot
0.36 ac (15,876 SF)
Zoning code
P-1
APN
07-45-24-C2-00389.0090
UPID
US18-5174276
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
-
Townsend Title Insurance Agency, LLC Title Company
-
FedEx Drop Box Postal Service Courier Service
-
mth Title Co Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$675k
Owner & transaction history
Downs Del Prado LLC · 5 yrs held
Downs Del Prado LLC
since 2021
Last sale
$595,000
7 recorded transactions
Zoning & alternative use
P-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$965,000
+53.3%
Retail stores
$745,000
+18.4%
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
$675,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Current use
MEDICAL BUILDING
$965,000
Change: +53% · Conversion: Easy
RETAIL STORES
$745,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$560,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $595k (May 19 2021)
Last sale anchor
$595k
May 19 2021
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
$215 / 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
$10,653
Tax year 2023
Assessed value
$628,149
Assessed 2023
Previous assessed
$541,063
+16.1% YoY
Effective rate
1.70%
On assessed value
Assessed land
$165,920
Assessed improvement
$462,229
Land market value
$165,920
Improvement market value
$462,229
Total market value
$628,149
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
3,145 SF
Lot
0.36 ac (15,876 SF)
Zoning code
P-1
APN
07-45-24-C2-00389.0090
UPID
US18-5174276
Jurisdiction
LEE
Zoning & alternative use
P-1 · Cape Coral, FLZoning P-1 · permitted uses
P-1 · 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
OFFICE BUILDING Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$965,000
RETAIL STORES
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$560,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Downs Del Prado LLC
Entity
Mailing address
4942 SW 2ND AVE, CAPE CORAL, FL 33914-7179
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 19, 2021
—
Downs Del Prado LLC
David L Downs
Intrafamily Transfer
related
—
Jul 3, 2019
$595,000
David L Downs
4049 Del Prado Blvd LLC
Warranty Deed
$446,250 · Charlotte St Bk&tr
Jun 21, 2017
—
4049 Del Prado Blvd LLC
—
Deed
related
$650,000 · Encore Bank NA
Jan 9, 2013
—
4049 Del Prado Blvd LLC
Townsend Title Ins Agcy LLC
Warranty Deed
—
Oct 13, 2011
$207,813
Townsend Title Ins Agcy LLC
Townsend,william S SR
Warranty Deed
—
May 11, 2001
$500,000
Townsend Trust
Yankowski,richard S & Janeen
Grant Deed
$300,000 · First National Bank Ft Myers
—
—
William S Townsend SR.
—
Deed Of Trust
related
$350,000 · Lenora A Robertson
—
—
Townsend Title Ins Agcy LLC
—
Loan Modification
related
$325,726 · Lenora A Robertson
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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