Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,850,000
Outlet malls
511 Pne Is Rd Cape Coral, FL 33991-1968
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-4822393
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,981 SF
Lot
16.73 ac (728,759 SF)
Zoning code
CORR CORR
APN
14-44-23-C1-0100A.0000
UPID
US18-4822393
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
-
Sally Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Buff City Soap - Cape Coral, FL (Bike/Boat/Book/etc) Store Cosmetic Store
-
Pine Island Marketplace Business Service Center Corporate Office
-
Claire's (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
C K Nail & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$4.85M
Owner & transaction history
Capstone Realty INC · 16 yrs held
Capstone Realty INC
since 2009
2 recorded transactions
Zoning & alternative use
CORR CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+31.0%
Neighborhood: shopping center
$7.3M
+20.4%
Medical building
$6.1M
+0.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,020,000
6.5%
$4,635,000
7%
$4,305,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,080,000
Current use
COMMERCIAL (GENERAL)
$7,965,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,320,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$6,135,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.85M
Range $4.37M – $5.34M · ±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
$243 / 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
$196,121
Tax year 2023
Assessed value
$11,511,546
Assessed 2023
Previous assessed
$11,511,546
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,897,443
Assessed improvement
$6,614,103
Land market value
$4,897,443
Improvement market value
$6,614,103
Total market value
$11,511,546
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
19,981 SF
Lot
16.73 ac (728,759 SF)
Zoning code
CORR CORR
APN
14-44-23-C1-0100A.0000
UPID
US18-4822393
Jurisdiction
LEE
Zoning & alternative use
CORR CORR · Cape Coral, FL
Zoning CORR CORR · permitted uses
CORR CORR · 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
RETAIL STORES Current
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
16.73 ac
Current owner
From public records · entity-resolved
Capstone Realty INC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 24550, COLUMBUS, OH 43224-0550
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Pine Island Jv Srt LLC
—
Deed
related
$7,320,000 · Morgan Stanley Bank NA
Dec 30, 2009
—
Capstone Realty INC
Cape Coral Land Dev Ll Coc
Trustees Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 511 Pne Is Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
