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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Medical Office Space
632 Del Prado N Blvd Cape Coral, FL 33909-2278
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4446792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,525 SF
Lot
1.77 ac (77,288 SF)
Zoning code
CORR
APN
07-44-24-C2-00003.0050
UPID
US18-4446792
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
-
Southwest Florida Neurosurgical Associates Medical Clinic Hospital
-
Dr. Wesley H. Faunce, III, MD: Lee Health Neurosurgery Physician Medical Clinic
-
Dr. Donald J. Moyer, MD: Lee Health Physician
-
Stephanie A. Distel, PTA Physician
-
Sypert Institute Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.86M
Owner & transaction history
Gmr Cape Coral LLC · 9 yrs held
Gmr Cape Coral LLC
since 2017
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,620,000
Current use
RETAIL STORES
$2,595,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±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
$218 / 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
$70,232
Tax year 2023
Assessed value
$5,653,282
Assessed 2023
Previous assessed
$4,868,324
+16.1% YoY
Effective rate
1.24%
On assessed value
Assessed land
$711,343
Assessed improvement
$4,941,939
Land market value
$711,343
Improvement market value
$4,941,939
Total market value
$5,653,282
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Total area
8,525 SF
Lot
1.77 ac (77,288 SF)
Zoning code
CORR
APN
07-44-24-C2-00003.0050
UPID
US18-4446792
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 Current
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING Current
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
1.77 ac
Current owner
From public records · entity-resolved
Gmr Cape Coral LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
$7,250,000
Gmr Cape Coral LLC
Del Prado North LLP
Grant Deed
—
Mar 5, 2010
—
Cape Neuro Ptshp LLP
—
Deed Of Trust
related
$6,350,000 · Fifth Third Bank
Feb 10, 2006
—
Del Prado North LLP
—
Deed Of Trust
related
$2,341,453 · Bank Of America
Sep 3, 2004
$980,000
Delprado North LLP
Cape Coral Partners LLP
Warranty Deed
$980,000 · Bank Of America
—
—
Cape Neuro Ptshp LLP
—
Deed Of Trust
related
$802,000 · Fifth Third Bank
—
—
Del Prado North LLP
—
Deed Of Trust
related
$8,450,000 · Branch Bk&tr
—
—
Cape Neuro Ptshp LLP
—
Deed Of Trust
related
$1,800,000 · Fifth Third Bank
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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