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Property profile & analytics
OFF-MARKET
Estimated value
$9,385,000
Warehouses
824 42nd Ter Cape Coral, FL 33914-6799
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1388878
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,400 SF
Lot
4.85 ac (211,146 SF)
Zoning code
C-1
APN
10-45-23-C2-03367.0360
UPID
US18-1388878
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
-
Store Space Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$9.39M
Owner & transaction history
Storage Cap Cape Coral LP · 5 yrs held
Storage Cap Cape Coral LP
since 2021
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
C-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+297.1%
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
$10,785,000
ML approach
$9,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,625,000
Change: +297% · Conversion: Easy
Blend value · Realmo final
$9.39M
Range $8.45M – $10.32M · ±10% · vs last sale $9.50M (May 4 2021)
Last sale anchor
$9.50M
May 4 2021
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
$998 / 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
$54,410
Tax year 2023
Assessed value
$4,278,862
Assessed 2023
Previous assessed
$4,278,862
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$888,502
Assessed improvement
$3,390,360
Land market value
$888,502
Improvement market value
$3,390,360
Total market value
$4,278,862
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
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Total area
9,400 SF
Lot
4.85 ac (211,146 SF)
Zoning code
C-1
APN
10-45-23-C2-03367.0360
UPID
US18-1388878
Jurisdiction
LEE
Zoning & alternative use
C-1 · Cape Coral, FL
Zoning C-1 · permitted uses
C-1 · 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
AUTO REPAIR, GARAGE
Est. value
$6.6M
AUTO REPAIR, GARAGE
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
4.85 ac
Current owner
From public records · entity-resolved
Storage Cap Cape Coral LP
Entity
Mailing address
330 E CROWN PT RD, WINTER GARDEN, FL 34787-2998
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$9,500,000
Storage Cap Cape Coral LP
Skyline Self Storage LLC
Special Warranty Deed
—
Jun 17, 2020
—
Skyline Self Storage LLC
—
Deed
related
$2,687,000 · Bank Five Nine
Jan 29, 2020
—
Skyline Self Storage LLC
—
Deed
related
$350,000 · First Bank Financial Centre
Sep 24, 2018
—
Skyline Self Storage LLC
—
Grant Deed
related
$2,687,000 · First Bk Fin'l Ctr
Nov 17, 2017
—
Skyline Self Storage LLC
Skyline Self Storage LLC
Quit Claim Deed
related
—
Oct 26, 2017
$128,300
Skyline Self Storage LLC
Kitkat Holdings LLC
Quit Claim Deed
related
—
Sep 16, 2016
$8,000
Kitkat Holdings LLC
Symphony Intl Gmbh & Co Kg
Warranty Deed
—
May 22, 2014
$3,876
Pine Skyline Holdings LLC
Everbank
Grant Deed
related
—
Mar 13, 2013
$100
Everbank
Krison LLC Coc
Trustees Deed
related
—
May 31, 2002
—
Katrin Koester
Avatar Properties INC
Quit Claim Deed
related
—
Mar 9, 2002
$15,000
Katrin Koester
Immobilien,friedrich G
Grant Deed
—
—
—
Skyline Self Storage LLC
—
Loan Modification
related
$1,880,900 · Bank Five Nine
—
—
Skyline Self Storage LLC
—
Deed Of Trust
related
$2,687,000 · Bank Five Nine
—
—
Skyline Dev LLC
—
Deed Of Trust
related
$90,000 · Bank Of Fl/sw
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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