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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
857 47th St, Cape Coral, FL 33904-9002
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4718035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,975 SF
Lot
0.22 ac (9,375 SF)
Zoning code
SC
APN
07-45-24-C4-00355.0320
UPID
US18-4718035
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
-
BM Roofing Service Roofing Company General Contractor
-
Beattie Home Services General Contractor
-
BM Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$800k
Owner & transaction history
Bmb2025 LLC · 1 yrs held
Bmb2025 LLC
since 2024
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
SC · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+53.3%
Retail stores
$945,000
+18.4%
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%
$1,000,000
6.5%
$925,000
7%
$855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
MEDICAL BUILDING
$1,220,000
Change: +53% · Conversion: Easy
RETAIL STORES
$945,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$705,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $825k (Sep 5 2024)
Last sale anchor
$825k
Sep 5 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
$201 / 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
$10,334
Tax year 2023
Assessed value
$767,999
Assessed 2023
Previous assessed
$541,655
+41.8% YoY
Effective rate
1.35%
On assessed value
Assessed land
$128,991
Assessed improvement
$639,008
Land market value
$128,991
Improvement market value
$639,008
Total market value
$767,999
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,975 SF
Lot
0.22 ac (9,375 SF)
Zoning code
SC
APN
07-45-24-C4-00355.0320
UPID
US18-4718035
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
$795,000
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$705,000
OFFICE BUILDING Current
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Bmb2025 LLC
Entity
Mailing address
857 SE 47TH ST, CAPE CORAL, FL 33904-9002
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$825,000
Bmb2025 LLC
Rrdp Holdings LLC
Special Warranty Deed
—
Apr 27, 2023
—
Rrdp Holdings LLC
—
Deed
related
$600,000 · Maethias Pommerehne
Nov 29, 2016
$350,000
Rrdp Holdings LLC
Piltingsrud,bruce M & Kathleen V
Warranty Deed
$303,600 · Bruce M Piltingsrund
Feb 10, 2000
$175,000
Bruce M Piltingsrud
Scott,diane E
Grant Deed
$47,000 · Riverside Bank Gulf Coast
—
—
Duane L Dickerson
—
Deed Of Trust
related
$56,000 · Suntrust Bank NA
—
—
Bruce Piltingsrud
—
Deed Of Trust
related
$70,500 · Riverside Bank Gulf Coast
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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