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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
5 Nicholas W Pkwy Cape Coral, FL 33991-2879
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1801434
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,180 SF
Lot
0.46 ac (19,994 SF)
Zoning code
P-1
APN
23-44-23-C2-01963.0380
UPID
US18-1801434
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
-
Advanced Orthopedics & Sports Medicine of SWFL Medical Clinic
-
Kagan II Abbott MD Physician
-
Dr. Todd Atkinson Physician
-
Dr. Thomas Laporta Physician
-
Christine Vezzola Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$520k
Owner & transaction history
5 Nicholas Parkwy LLC · 9 yrs held
5 Nicholas Parkwy LLC
since 2017
6 recorded transactions
Zoning & alternative use
P-1 · 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
$370,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$610,000
7%
$570,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$164 / 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
$9,561
Tax year 2023
Assessed value
$594,476
Assessed 2023
Previous assessed
$512,047
+16.1% YoY
Effective rate
1.61%
On assessed value
Assessed land
$130,993
Assessed improvement
$463,483
Land market value
$130,993
Improvement market value
$463,483
Total market value
$594,476
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
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,180 SF
Lot
0.46 ac (19,994 SF)
Zoning code
P-1
APN
23-44-23-C2-01963.0380
UPID
US18-1801434
Jurisdiction
LEE
Zoning & alternative use
P-1 · Cape Coral, FL
Zoning 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
Cape Coral. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
5 Nicholas Parkwy LLC
Entity
Mailing address
8710 COLLEGE PKWY, FORT MYERS, FL 33919-4811
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2017
$485,000
5 Nicholas Parkwy LLC
Kagan Abbott
Warranty Deed
$412,250 · Finemark National Bank & Trust
Aug 10, 2005
$945,000
Kagan Abbott II
Mufalli,james T & Joanne
Warranty Deed
$756,000 · Florida Community Bank
Jun 24, 2004
$445,000
James T Mufalli
Cody,alan D
Warranty Deed
$300,000 · Orion Bank
Aug 20, 2003
$233,100
Alan D Cody
Gould,marlene & Sarah
Grant Deed
$126,000 · Mark S Rogers
Jul 8, 2003
—
Marlene Gould
Spiegel,barry M
Quit Claim Deed
related
—
—
—
Kagan Abbott II
—
Deed Of Trust
related
$14,810 · Bank Of Florida Sw
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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