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Property profile & analytics
FOR SALE
Retail space
924 NE Pine Island Rd Cape Coral, FL 33909
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0163952
For Sale
1 / 11
$3,000,000
924 NE Pine Island Rd, Cape Coral, FL 33909
View Listing →
Property summary
AI-generated overview
This exceptional 3,900 square foot commercial property, located at 924 NE Pine Island Road in Cape Coral, Florida (zip code 33909), presents a unique opportunity for businesses seeking high visibility and accessibility. The building, situated on one acre of land in Lee County, offers flexible space ideal for medical offices, traditional offices, restaurants, quick-service restaurants (QSRs), or retail shops. Currently, 2,400 square feet of space is immediately available, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 2,400 square feet. The property boasts a prime location at the signalized intersection of Pine Island Road and Andalusia Boulevard, benefiting from a high traffic count of 56,000 Annual Average Daily Traffic (AADT). This new construction offers adaptability in site design, ensuring a customizable space to meet specific business needs. The property is multi-tenant. The building is categorized as Retail, Restaurant, and Office.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
STEEL FRAME
Total area
9,112 SF
Lot
1.96 ac (85,543 SF)
Zoning code
CORR
APN
07-44-24-C4-007M0.0000
UPID
US18-0163952
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
Tip Top Arborists Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.00M
Owner & transaction history
Dcd Partners LLC · 2 yrs held
Dcd Partners LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CORR · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+51.3%
Commercial (general)
$3.6M
+31.0%
Neighborhood: shopping center
$3.3M
+20.4%
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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$2,290,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,775,000
Current use
RESTAURANT
$4,195,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,630,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,340,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,800,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Apr 3 2024)
Last sale anchor
$3.00M
Apr 3 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
$329 / 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
$41,465
Tax year 2023
Assessed value
$2,448,917
Assessed 2023
Previous assessed
$2,448,917
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,262,777
Assessed improvement
$1,186,140
Land market value
$1,262,777
Improvement market value
$1,186,140
Total market value
$2,448,917
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
9,112 SF
Lot
1.96 ac (85,543 SF)
Zoning code
CORR
APN
07-44-24-C4-007M0.0000
UPID
US18-0163952
Jurisdiction
LEE
Zoning & alternative use
CORR · Cape Coral, FL
Zoning CORR · permitted uses
CORR · 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
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Dcd Partners LLC
Entity
Mailing address
16100 LEE RD, FORT MYERS, FL 33912-2504
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$3,000,000
Dcd Partners LLC
924 Ne Pine Island Rd LLC
Warranty Deed
$2,400,000 · Sanibel Captiva Community Bank
Dec 7, 2022
$1,900,000
924 Ne Pine Island Rd
Pine Island Road Interest LLC
Warranty Deed
$11,252,022 · Inb National Association
Oct 4, 2017
—
Pine Island Road Interest LLC
Krieg Steven L
Grant Deed
$300,000 · Teague Stanley S Trust (pt)
Apr 19, 2006
$1,423,000
924 Pine Island Road Ne LLC
National Franchise Dev Group I
Warranty Deed
—
Sep 22, 2004
$575,000
National Franchise Dev Group I
Cape Coral Coml Center LLP
Warranty Deed
$652,000 · Branch Banking & Trust Co
—
—
924 Pine Island Road Ne LLC
—
Loan Modification
related
$1,183,918 · First Community Bank Sw Fl
—
—
924 Pine Island Road Ne LLC
—
Deed Of Trust
related
$1,200,000 · Community Bank Cape Coral
—
—
924 Pine Island Road Ne LLC
—
Deed Of Trust
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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