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Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Drug stores
6 Del Prado N Blvd Cape Coral, FL 33909-2765
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3900211
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,093 SF
Lot
1.27 ac (55,374 SF)
Zoning code
C-1
APN
18-44-24-C2-01484.0010
UPID
US18-3900211
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
-
COVID-19 Drive-thru Testing at Walgreens Medical Laboratory
-
Walgreens Cosmetic Store
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Payday Loans Cape Coral FL Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.55M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$8.25M
Blend (final)
Blend
$6.55M
Owner & transaction history
Paolo D Degrassi · 2 yrs held
Paolo D Degrassi
since 2024
Last sale
$6.6M
3 recorded transactions
Zoning & alternative use
C-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+51.3%
Commercial (general)
$6.8M
+31.0%
Neighborhood: shopping center
$6.3M
+20.4%
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
$6,550,000
ML approach
$6,550,000
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,200,000
Current use
RESTAURANT
$7,870,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,810,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,260,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$5,250,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $6.55M (Apr 15 2024)
Last sale anchor
$6.55M
Apr 15 2024
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
$383 / 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
$85,936
Tax year 2023
Assessed value
$5,217,974
Assessed 2023
Previous assessed
$5,217,974
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$2,277,077
Assessed improvement
$2,940,897
Land market value
$2,277,077
Improvement market value
$2,940,897
Total market value
$5,217,974
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
17,093 SF
Lot
1.27 ac (55,374 SF)
Zoning code
C-1
APN
18-44-24-C2-01484.0010
UPID
US18-3900211
Jurisdiction
LEE
Zoning & alternative use
C-1 · Cape Coral, FL
Zoning C-1 · permitted uses
C-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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.2M
RESTAURANT
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.3M
RETAIL STORES Current
RESTAURANT
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Paolo D Degrassi
Individual
Mailing address
17569 CLOVERDALE WAY, YORBA LINDA, CA 92886-1949
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
$6,550,000
Paolo D Degrassi
Cp Thunder Fs LLC
Special Warranty Deed
$3,915,000 · American First Cu
Sep 2, 2022
$7,044,200
Cp Thunder Fs LLC
Walgreen Co
Special Warranty Deed
$500,000 · Wells Fargo Bank NA
Mar 24, 2005
$3,000,000
Walgreen Co
American Realty Investors Ltd
Grant Deed
—
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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