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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Warehouses
921 13th Ave Cape Coral, FL 33990-3017
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0229706
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,000 SF
Lot
0.17 ac (7,500 SF)
Zoning code
I-1
APN
19-44-24-C2-00676.0110
UPID
US18-0229706
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
-
Aloha Marine Service (Bike/Boat/Book/etc) Store
-
Hapa Grill Restaurant
-
Wonderland Termite Removal Experts Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$650k
Owner & transaction history
921 Se 13th Avenue LLC · 3 yrs held
921 Se 13th Avenue LLC
since 2023
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
I-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+92.5%
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
$590,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$625,000
7%
$585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$525,000
Current use
OFFICE BUILDING
$1,005,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $750k (Apr 12 2023)
Last sale anchor
$750k
Apr 12 2023
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
$163 / 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
$7,482
Tax year 2023
Assessed value
$548,099
Assessed 2023
Previous assessed
$351,472
+55.9% YoY
Effective rate
1.37%
On assessed value
Assessed land
$126,186
Assessed improvement
$421,913
Land market value
$126,186
Improvement market value
$421,913
Total market value
$548,099
Applied tax rate
314.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
4,000 SF
Lot
0.17 ac (7,500 SF)
Zoning code
I-1
APN
19-44-24-C2-00676.0110
UPID
US18-0229706
Jurisdiction
LEE
Zoning & alternative use
I-1 · Cape Coral, FL
Zoning I-1 · permitted uses
I-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
WAREHOUSE, STORAGE Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
921 Se 13th Avenue LLC
Entity
Mailing address
4004 NE 8TH PL, CAPE CORAL, FL 33909-6275
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$750,000
921 Se 13th Avenue LLC
Susan E Morgan
Warranty Deed
$650,000 · Morgan Trust
Mar 21, 2016
$130,000
Morgan,susan E Trust
Falling Star INC
Warranty Deed
—
Jan 12, 2007
$550,000
Falling Star INC
Rfr Investments LLC
Warranty Deed
—
Jun 28, 2005
$390,000
Rfr Investments LLC
Sutphen,richard P & Christine
Warranty Deed
—
—
—
Rfr Investments LLC
—
Deed Of Trust
related
$231,200 · Orion Bank
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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