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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Strip malls
601 Del Prado N Blvd Cape Coral, FL 33909-2240
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3123066
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,418 SF
Lot
1.56 ac (68,144 SF)
Zoning code
CORR
APN
08-44-24-C1-01547.0010
UPID
US18-3123066
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
-
Halbrehder Family Agency Insurance Agency
-
Image + Co Hair Salon Nail Salon
-
Styles 2 Barber Shop
-
Happy Doggie Pet Grooming Salon & Boutique Pet Grooming Service
-
Marshall Reddick Real Estate Real Estate School Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.59M
CAP Approach
CAP
$4.75M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$4.15M
Owner & transaction history
Harbor Properties INC · 3 yrs held
Harbor Properties INC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
CORR · 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
$4,395,000
ML approach
$4,590,000
CAP Approach
CAP Return
Estimation
6%
$5,140,000
6.5%
$4,745,000
7%
$4,405,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,960,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$5,910,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $3.80M (Mar 16 2023)
Last sale anchor
$3.80M
Mar 16 2023
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
$214 / 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
$51,225
Tax year 2023
Assessed value
$3,291,026
Assessed 2023
Previous assessed
$2,838,176
+16.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$659,331
Assessed improvement
$2,631,695
Land market value
$659,331
Improvement market value
$2,631,695
Total market value
$3,291,026
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
19,418 SF
Lot
1.56 ac (68,144 SF)
Zoning code
CORR
APN
08-44-24-C1-01547.0010
UPID
US18-3123066
Jurisdiction
LEE
Zoning & alternative use
CORR · Cape Coral, FL
Zoning CORR · permitted uses
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
MEDICAL BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.9M
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Harbor Properties INC
Entity
Free & Clear · 3 yrs held
Mailing address
3501 DEL PRADO BLVD S, CAPE CORAL, FL 33904-7201
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$3,800,000
Harbor Properties INC
Cc & D Holdings Of Florida LLC
Warranty Deed
—
Aug 19, 2019
—
Cc & D Holdings Of Florida
—
Deed
related
$150,000 · James M Lewis
Jun 4, 2019
—
Cc & D Holdings Of Florida LLC
—
Deed
related
$2,958,000 · Dennis J Ulmer
Oct 12, 2015
—
C C & D Holdings Of Florida LLC
D & S INC
Quit Claim Deed
related
—
Jun 2, 2015
$2,250,000
D & S INC
Lader,william J
Warranty Deed
$160,000 · William J Lader
Apr 29, 2003
$185,100
William J Lader
Lader,eli & William J
Grant Deed
related
—
Aug 1, 2000
$86,000
Lader,eli
Aloia,robert S
Trustees Deed
—
Aug 1, 2000
$60,000
William,eli
Ring,michael J
Trustees Deed
—
—
—
Cc & D Holdings Of Florida LLC
—
Deed Of Trust
related
$2,958,000 · Dennis J Ulmer
—
—
Cc & D Holdings Of Florida LLC
—
Deed Of Trust
related
$100,000 · Margaret Meehan 2016 Tr (ct)
—
—
Cc & D Holdings Of Florida
—
Deed Of Trust
related
$150,000 · James M Lewis
—
—
William Lader
—
Deed Of Trust
related
$1,475,000 · Suntrust Bank NA
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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