New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Office buildings
885 47th Ter, Cape Coral, FL 33904-9079
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3025666
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,954 SF
Lot
0.45 ac (19,625 SF)
Zoning code
SC
APN
07-45-24-C4-00354.0200
UPID
US18-3025666
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
-
The Levins & Warnock Law Group Law Firm
-
Todd C. Newman, PTA Physician
-
Optimal Wellness Spa & Massage Center Alternative Medicine Practice
-
I Construction Company General Contractor
-
Helix Marketo Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
994 S Town River LLC · 4 yrs held
994 S Town River LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
SC · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+252.0%
Commercial (general)
$1.2M
+99.0%
Neighborhood: shopping center
$1.1M
+82.9%
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
$1,785,000
ML approach
$1,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,085,000
Change: +252% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,175,000
Change: +99% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10% · vs last sale $1.71M (Feb 22 2022)
Last sale anchor
$1.71M
Feb 22 2022
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
$589 / 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
$11,153
Tax year 2023
Assessed value
$644,158
Assessed 2023
Previous assessed
$455,697
+41.4% YoY
Effective rate
1.73%
On assessed value
Assessed land
$215,718
Assessed improvement
$428,440
Land market value
$215,718
Improvement market value
$428,440
Total market value
$644,158
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,954 SF
Lot
0.45 ac (19,625 SF)
Zoning code
SC
APN
07-45-24-C4-00354.0200
UPID
US18-3025666
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
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
994 S Town River LLC
Entity
Mailing address
835 S TOWN AND RIV DR, FORT MYERS, FL 33919-6114
Ownership since
2022
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
Feb 22, 2022
$1,705,500
994 S Town River LLC
885 Se 47th Ter LLC
Warranty Deed
$1,020,000 · Bmo Harris Bank NA
May 7, 2021
$650,000
885 Se 47th Ter LLC
Joan E Sambrato
Warranty Deed
$487,500 · American Community Bank & Trust
Jun 2, 2020
—
Sambrato,joan E Trust
Joan Sambrato
Correction Deed
related
—
Feb 18, 2020
—
Sambrato,joan E Trust
Joan E Sambrato
Quit Claim Deed
related
—
Feb 16, 2016
—
Joan E Sambrato
Sambrato Joan E Trust
Quit Claim Deed
related
—
Dec 4, 2014
—
Sambrato,joan E Trust
Sambrato,joan E
Quit Claim Deed
related
—
Oct 26, 1994
$8,000
Joan E Sambrato
Guirguis,margaret
Warranty Deed
related
$6,000
Oct 1, 1994
$8,000
Joan E Sambrato
Owner Name Unavailable
Grant Deed
related
$6,000
—
—
Joan E Sambrato
—
Deed Of Trust
related
$48,617 · Mosesso John A Trust (pt)
—
—
Joan E Sambrato
—
Deed Of Trust
related
$50,000 · Mosesso John A Trust (pt)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 885 47th Ter?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
