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Property profile & analytics
OFF-MARKET
Estimated value
$12,590,000
Warehouses
780 19th Pl Cape Coral, FL 33909-5176
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4202397
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,845 SF
Lot
5.53 ac (240,713 SF)
Zoning code
CORR
APN
08-44-24-C1-00700.6947
UPID
US18-4202397
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
-
Spacebox Storage Cape Coral Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.28M
Comparable Approach
Comparable
$15.71M
Blend (final)
Blend
$12.59M
Owner & transaction history
Public Storage Operating Company · 1 yrs held
Public Storage Operating Company
since 2024
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.6M
+13.9%
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%
$14,385,000
6.5%
$13,280,000
7%
$12,330,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,480,000
Current use
OFFICE BUILDING
$17,640,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$12.59M
Range $11.33M – $13.85M · ±10% · vs last sale $11.75M (Dec 13 2024)
Last sale anchor
$11.75M
Dec 13 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
$154 / 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
$150,781
Tax year 2023
Assessed value
$11,938,074
Assessed 2023
Previous assessed
$11,938,074
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,464,402
Assessed improvement
$10,473,672
Land market value
$1,464,402
Improvement market value
$10,473,672
Total market value
$11,938,074
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Total area
81,845 SF
Lot
5.53 ac (240,713 SF)
Zoning code
CORR
APN
08-44-24-C1-00700.6947
UPID
US18-4202397
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
WAREHOUSE, STORAGE Current
Est. value
$15.5M
OFFICE BUILDING
Est. value
$17.6M
WAREHOUSE, STORAGE Current
OFFICE 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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
5.53 ac
Current owner
From public records · entity-resolved
Public Storage Operating Company
Entity
Free & Clear · 1 yrs held
Mailing address
112 SHEFFIELD LOOPD, HATTIESBURG, MS 39402-1406
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$11,750,000
Public Storage Operating Company
Spacebox Cape Coral LLC
Special Warranty Deed
—
Oct 20, 2020
—
Spacebox Cape Coral LLC
—
Deed
related
$6,238,000 · Southern Bank
Jul 16, 2020
$1,000,000
Spacebox Cape Coral LLC
Merits Holding Co INC
Warranty Deed
—
Dec 18, 2017
$715,000
Merits Holding Co INC
Peoples Bk Midwest
Warranty Deed
—
Dec 28, 2011
$2,389,900
Peoples Bk Of Wisconsin/eau Clai
Greystone Partners IV LLC
Deed In Lieu Of Foreclosure
—
Aug 2, 2007
—
Greystone Partners IV LLC
Ljp Building LLC
Quit Claim Deed
related
—
Sep 6, 2006
$1,158,000
Greystone Partners IV LLC
Greystone Partners III LLC
Warranty Deed
related
—
Jun 17, 2005
$1,344,100
Greystone Partners III LLC
Lawrence J Peterson
Warranty Deed
$1,158,750 · Peoples Bank Of Wisconsin
Feb 6, 2004
$978,000
Lawrence J Peterson
Beck,tr
Grant Deed
$635,700 · First National Bank Florida
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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