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Property profile & analytics
FOR LEASE
Office buildings
944 Country Club Blvd, Cape Coral, FL 33990
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0259441
For Lease
1 / 14
$1,290,000
944 Country Club Blvd, Cape Coral, FL 33990
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,400 SF
Lot
0.4 ac (17,500 SF)
Zoning code
I-1
APN
19-44-24-C1-00771.0310
UPID
US18-0259441
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
-
SoftDotCom Computer & Electronic Repair
-
Florida's Link Realty Inc Real Estate Agency
-
The Whitby Group - eXp Realty Cape Coral SWFL Real Estate Agency
-
Cape Coral Weight Loss & Wellbeing Weight Loss Service
-
Dr. Anele Diaz & Associates, PA Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$790k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Welcome Home Development Corp · 4 yrs held
Welcome Home Development Corp
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I-1 · Cape Coral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+58.3%
Neighborhood: shopping center
$1.2M
+45.5%
Medical building
$1.0M
+22.0%
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
$1,320,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
COMMERCIAL (GENERAL)
$1,355,000
Change: +58% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,245,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$1,045,000
Change: +22% · Conversion: Easy
RETAIL STORES
$1,035,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.26M (Apr 6 2022)
Last sale anchor
$1.26M
Apr 6 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
$379 / 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
$3,564
Tax year 2023
Assessed value
$140,010
Assessed 2023
Previous assessed
$871,494
-83.9% YoY
Effective rate
2.55%
On assessed value
Assessed land
$140,000
Assessed improvement
$10
Land market value
$140,000
Improvement market value
$10
Total market value
$140,010
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
2
Total area
3,400 SF
Lot
0.4 ac (17,500 SF)
Zoning code
I-1
APN
19-44-24-C1-00771.0310
UPID
US18-0259441
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
OFFICE BUILDING Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Welcome Home Development Corp
Entity
Free & Clear · 4 yrs held
Mailing address
944 COUNTRY CLB BLVD, CAPE CORAL, FL 33990-5013
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$1,262,500
Welcome Home Development Corp
Imb Properties LLC
Warranty Deed
—
Dec 5, 2018
—
Imb Properties LLC
—
Deed
related
$1,000,000 · Other Institutional Lenders
May 31, 2013
$405,000
Imb Properties LLC
Four Gosses LLC
Warranty Deed
$325,000 · Pmb Prime Fund LLC
Dec 10, 2009
—
Four Gosses LLC
Sin,ja W & Myong Y
Warranty Deed
—
May 12, 2006
$1,800,000
Ja Woo Sin
944 Cc INC
Corporation Deed
$1,325,000 · Pmb Mortgages LLC
Sep 30, 2004
—
944cc INC
—
Trustees Deed
related
$25,000 · Riverside Bank Gulf Coast
Sep 30, 2003
$500,000
944cc INC
Plazewski,tr
Grant Deed
$600,000 · Riverside Bank Gulf Coast
—
—
Imb Properties LLC
—
Loan Modification
related
$1,000,000 · Other Institutional Lenders
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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