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Property profile & analytics
OFF-MARKET
Estimated value
$6,225,000
Strip malls
5931 Silver King Blvd 5991 Cape Coral, FL 33914-8054
Individually Owned
14-yr Hold
Free & Clear
Property ID
US18-2612449
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,652 SF
Lot
8.01 ac (348,959 SF)
Zoning code
C1W
APN
22-45-23-C3-005MV.1000
UPID
US18-2612449
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.23M
Owner & transaction history
Freeman Resort · 14 yrs held
Freeman Resort
since 2011
7 recorded transactions
Zoning & alternative use
C1W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.3M
+92.5%
Restaurant
$6.7M
+25.7%
Commercial (general)
$5.8M
+8.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,365,000
Current use
AUTO REPAIR, GARAGE
$10,330,000
Change: +92% · Conversion: Difficult
RESTAURANT
$6,745,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,840,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$4,500,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$4,460,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$6.23M
Range $5.60M – $6.85M · ±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
$425 / 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
$684,211
Tax year 2023
Assessed value
$52,962,584
Assessed 2023
Previous assessed
$45,726,764
+15.8% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,121,528
Assessed improvement
$50,841,056
Land market value
$2,121,528
Improvement market value
$50,841,056
Total market value
$52,962,584
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
6
Stories
2
Bathrooms
534
Total area
14,652 SF
Lot
8.01 ac (348,959 SF)
Zoning code
C1W
APN
22-45-23-C3-005MV.1000
UPID
US18-2612449
Jurisdiction
LEE
Zoning & alternative use
C1W · Cape Coral, FL
Zoning C1W · permitted uses
C1W · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$10.3M
RESTAURANT
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Bathrooms
534
Lot
8.01 ac
Current owner
From public records · entity-resolved
Freeman Resort
Individual
Free & Clear · 14 yrs held
Mailing address
5902 SILVER KING BLVD, CAPE CORAL, FL 33914-8054
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2017
—
Freeman & Hasselwander Resort
—
Deed
related
—
Dec 29, 2016
—
Freeman & Hasselwander Resort
—
Deed
related
$15,000,000 · Centennial Bk
May 15, 2012
—
Freeman & Hasselwander Resort
—
Grant Deed
related
$25,000,000 · Centennial Bk
Nov 21, 2011
$45,000,000
Freeman Resort
Tarpon Land LP
Grant Deed
—
May 10, 2011
—
Tarpon Land LP
Tarpon Point Assocs LLC Coc
Quit Claim Deed
related
—
May 6, 2011
$490,100
Tarpon Land LP
Park Lane Assocs I Ltd Coc
Trustees Deed
—
Apr 17, 2009
—
Tarpon Point Associates LLC
—
Deed Of Trust
related
$5,225,000 · Snspf Interim Finance Bv
—
—
Wander Resort P Freeman-hassel
—
Loan Modification
related
—
—
—
Freeman & Hasselwander Resort
—
Loan Modification
related
—
—
—
Freeman & Hasselwander Resort
—
Deed Of Trust
related
$15,000,000 · Centennial Bk
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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