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Property profile & analytics
FOR SALE
Commercial land
702-704 SE 8Th Ter Cape Coral, FL 33990
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0233422
For Sale
$550,000
702-704 SE 8Th Ter, Cape Coral, FL 33990
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.23 ac (10,019 SF)
Zoning code
P1-D
APN
24-44-23-C2-01068.0290
UPID
US19-0233422
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
by Request
Owner & transaction history
Jng Property LLC · 4 yrs held
Jng Property LLC
since 2021
Last sale
$125,000
7 recorded transactions
Zoning & alternative use
P1-D · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,647
Tax year 2023
Assessed value
$114,116
Assessed 2023
Previous assessed
$114,116
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$114,116
Land market value
$114,116
Total market value
$114,116
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
0.23 ac (10,019 SF)
Zoning code
P1-D
APN
24-44-23-C2-01068.0290
UPID
US19-0233422
Jurisdiction
LEE
Zoning & alternative use
P1-D · Cape Coral, FL
Zoning P1-D · permitted uses
P1-D · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jng Property LLC
Entity
Mailing address
290 HBR DR, STAMFORD, CT 06902-8700
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$125,000
Jng Property LLC
Justin Beatty
Warranty Deed
$313,500 · Dominion Financial Services LLC
Dec 14, 2021
$100,000
Justin Beatty
Legendary Funding Solution LLC
Warranty Deed
—
Oct 30, 2018
$19,900
Legendary Funding Solution LLC
Gaffar,anneesa D
Warranty Deed
—
Mar 21, 2011
$6,800
Anneesa D Gaffar
Nicely,carolyn
Warranty Deed
—
Oct 4, 2010
$4,500
Carolyn Nicely
Vespa,palmerino
Warranty Deed
—
Mar 31, 2008
—
Vespa Palmerino Trust
Vespa,paul & Mary J
Quit Claim Deed
—
Jun 27, 2003
$16,500
Paul Vespa
Lara,henry
Grant Deed
—
Sep 26, 2002
$11,000
Henry Lara
Ponda,edward J & Ronald A
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.
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?”
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