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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
4120 Pne Is NW Rd Matlacha, FL 33993-9797
Individually Owned
15-yr Hold
Free & Clear
Property ID
US18-2800264
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,332 SF
Lot
0.51 ac (22,269 SF)
Zoning code
C-1 AG-2
APN
24-44-22-00-00046.0020
UPID
US18-2800264
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$555k
Owner & transaction history
Antonio Denicola · 15 yrs held
Antonio Denicola
since 2011
5 recorded transactions
Zoning & alternative use
C-1 AG-2 · Matlacha, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$855,000
+70.0%
Medical building
$715,000
+42.5%
Retail stores
$710,000
+41.2%
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 Matlacha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Matlacha 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
$340,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +42% · Conversion: Easy
RETAIL STORES
$710,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$415,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$238 / 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
$6,165
Tax year 2023
Assessed value
$563,466
Assessed 2023
Previous assessed
$862,966
-34.7% YoY
Effective rate
1.09%
On assessed value
Assessed land
$563,456
Assessed improvement
$10
Land market value
$563,456
Improvement market value
$10
Total market value
$563,466
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,332 SF
Lot
0.51 ac (22,269 SF)
Zoning code
C-1 AG-2
APN
24-44-22-00-00046.0020
UPID
US18-2800264
Jurisdiction
LEE
Zoning & alternative use
C-1 AG-2 · Matlacha, FL
Zoning C-1 AG-2 · permitted uses
C-1 AG-2 · Matlacha, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Matlacha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
MEDICAL BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$415,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Antonio Denicola
Individual
Free & Clear · 15 yrs held
Mailing address
945 MAIN ST, HAMDEN, CT 06514-1420
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Antonio Denicola
—
Deed
related
$363,500 · United States Small Business Admin
Mar 29, 2011
$115,000
Antonio Denicola
Shevlin,michael H & Joan L
Warranty Deed
—
May 18, 2010
$825,000
Antonio Denicola
Dia,elias L D
Warranty Deed
$575,000 · Dia Elias L D (te)
May 18, 2010
—
Elias L D Dia
Tillitson,linda
Warranty Deed
related
—
—
—
Antonio Denicola
—
Loan Modification
related
$433,250 · Dia Elias L D Trust (pt)
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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