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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
824 Lafayette St, Cape Coral, FL 33904-9192
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5371980
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,204 SF
Lot
0.45 ac (19,500 SF)
Zoning code
SC
APN
18-45-24-C1-00052.0780
UPID
US18-5371980
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
-
Compass Construction, Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$855k
Owner & transaction history
824 Holdings LLC · 4 yrs held
824 Holdings LLC
since 2021
Last sale
$846,275
7 recorded transactions
Zoning & alternative use
SC · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+99.0%
Neighborhood: shopping center
$1.2M
+82.9%
Medical building
$985,000
+53.3%
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
$960,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
COMMERCIAL (GENERAL)
$1,275,000
Change: +99% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,175,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$985,000
Change: +53% · Conversion: Easy
RETAIL STORES
$760,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$570,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $846k (Sep 1 2021)
Last sale anchor
$846k
Sep 1 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
$267 / 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
$13,641
Tax year 2023
Assessed value
$830,469
Assessed 2023
Previous assessed
$830,469
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$204,185
Assessed improvement
$626,284
Land market value
$204,185
Improvement market value
$626,284
Total market value
$830,469
Applied tax rate
56.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
3,204 SF
Lot
0.45 ac (19,500 SF)
Zoning code
SC
APN
18-45-24-C1-00052.0780
UPID
US18-5371980
Jurisdiction
LEE
Zoning & alternative use
SC · Cape Coral, FL
Zoning SC · permitted uses
SC · 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
OFFICE BUILDING Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$985,000
RETAIL STORES
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$570,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
824 Holdings LLC
Entity
Mailing address
824 LAFAYETTE ST, CAPE CORAL, FL 33904-9192
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2021
$846,275
824 Holdings LLC
Vickie P Oliver
Warranty Deed
$846,275 · Oliver Trusts
Sep 1, 2021
—
Vickie P Oliver
Vickie P Oliver
Intrafamily Transfer
related
—
Aug 25, 2020
—
Peter Olsen
—
Deed
related
—
Jul 29, 2020
—
Article,lawrence J O IV Trust
Lawrence J Oliver
Quit Claim Deed
related
—
Feb 25, 2019
—
Peter S Olsen
—
Deed
related
$250,000 · Iberiabank
Nov 7, 2017
—
Peter S Olsen
—
Deed
related
$250,000 · Iberiabank
Nov 17, 2016
—
Peter S Olsen
—
Deed
related
$250,000 · Iberiabank
—
—
Lawrence J Oliver
—
Deed Of Trust
related
$375,000 · Suntrust Bank Southwest Fl
—
—
Peter S Olsen
—
Loan Modification
related
$250,000 · Iberiabank
—
—
Peter S Olsen
—
Loan Modification
related
$250,000 · Iberiabank
—
—
Lawrence J Oliver
—
Deed Of Trust
related
$250,000 · Florida Gulf Bank
—
—
Peter S Olsen
—
Loan Modification
related
$250,000 · Iberiabank
—
—
Peter S Olsen
—
Loan Modification
related
$250,000 · Iberiabank
—
—
Lawrence J Oliver
—
Deed Of Trust
related
$740,000 · Florida Gulf Bank
—
—
Peter Olsen
—
Loan Modification
related
—
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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