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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Strip malls
8 Del Prado S Blvd Cape Coral, FL 33990-1773
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3823577
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,670 SF
Lot
1.18 ac (51,500 SF)
Zoning code
C1-W
APN
18-44-24-C2-01457.0570
UPID
US18-3823577
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
-
Direct Auto Insurance Insurance Agency
-
Sunny Pawn & Jewelry Discount Store (Bike/Boat/Book/etc) Store
-
Sanchez & Mora Fashion inc Clothing Store
-
Top Fashion Cape Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.43M
Owner & transaction history
Hancock Prado Rentals LLC · 1 yrs held
Hancock Prado Rentals LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C1-W · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+92.5%
Restaurant
$2.6M
+25.7%
Commercial (general)
$2.3M
+8.8%
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
$2,315,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,075,000
Current use
AUTO REPAIR, GARAGE
$3,995,000
Change: +92% · Conversion: Difficult
RESTAURANT
$2,610,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,260,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$1,740,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$1,725,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.50M (May 28 2025)
Last sale anchor
$2.50M
May 28 2025
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
$429 / 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
$25,374
Tax year 2023
Assessed value
$1,591,626
Assessed 2023
Previous assessed
$1,371,970
+16.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$776,620
Assessed improvement
$815,006
Land market value
$776,620
Improvement market value
$815,006
Total market value
$1,591,626
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,670 SF
Lot
1.18 ac (51,500 SF)
Zoning code
C1-W
APN
18-44-24-C2-01457.0570
UPID
US18-3823577
Jurisdiction
LEE
Zoning & alternative use
C1-W · Cape Coral, FL
Zoning C1-W · permitted uses
C1-W · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$4.0M
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.18 ac
Current owner
From public records · entity-resolved
Hancock Prado Rentals LLC
Entity
Mailing address
2930 DEL PRADO BLVD S, CAPE CORAL, FL 33904-7239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$2,500,000
Hancock Prado Rentals LLC
Bmc & Associates INC
Warranty Deed
$1,750,000 · Bmc & Associates INC
Jan 6, 2020
—
Bmc & Associates INC
—
Deed Of Trust
related
$1,000,000 · Barbara Langer
Oct 10, 2017
—
Bmc & Associates INC
—
Deed
related
$500,000 · Harbor Cmnty Bk
Jul 12, 2004
$1,400,000
Bmc & Associates INC
Cape Plaza LLC
Warranty Deed
$200,000 · First National Bank Florida
Dec 9, 2002
$950,000
Cape Plaza LLC
Tolisano,tr
Grant Deed
$750,000 · Tolisano Trust
—
—
Bmc & Associates INC
—
Deed Of Trust
related
$100,000 · Mcfarland Bill (te)
—
—
Bmc & Associates INC
—
Deed Of Trust
related
$400,000 · Bonnie F Mcfarland
—
—
Bmc & Associates INC
—
Deed Of Trust
related
$880,000 · Commerce Bank Sw Florida
—
—
Blr Trust
—
Deed Of Trust
related
$1,000,000 · Barbara Langer
—
—
Bmc & Associates INC
—
Deed Of Trust
related
$500,000 · Harbor Cmnty Bk
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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