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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Grocery and convenience stores
18971 State Rd 31 North Fort Myers, FL 33917-5553
Entity Owned
5-yr Hold
Free & Clear
Property ID
US19-0410990
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,109 SF
Lot
1.86 ac (81,175 SF)
Zoning code
CR
APN
13-43-25-02-00000.0010
UPID
US19-0410990
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$5.72M
Owner & transaction history
Sch North Fort Myers LLC · 5 yrs held
Sch North Fort Myers LLC
since 2020
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
CR · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Fort Myers 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
$6,780,000
ML approach
$7,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±10% · vs last sale $5.57M (Dec 17 2020)
Last sale anchor
$5.57M
Dec 17 2020
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
$1,838 / 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
$40,229
Tax year 2023
Assessed value
$3,071,475
Assessed 2023
Previous assessed
$2,683,299
+14.5% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,088,957
Assessed improvement
$982,518
Land market value
$2,088,957
Improvement market value
$982,518
Total market value
$3,071,475
Applied tax rate
202.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,109 SF
Lot
1.86 ac (81,175 SF)
Zoning code
CR
APN
13-43-25-02-00000.0010
UPID
US19-0410990
Jurisdiction
LEE
Zoning & alternative use
CR · North Fort Myers, FL
Zoning CR · permitted uses
CR · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Sch North Fort Myers LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2020
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
Dec 17, 2020
$5,572,800
Sch North Fort Myers LLC
38285 Nfm Fl LLC
Grant Deed
—
Feb 5, 2020
—
State Of Florida Dept & Transportat
38285 Nfm Fl LLC
Warranty Deed
related
—
Sep 27, 2019
$850,000
38285 Nfm L LLC
Snowlick Mountain Ranch LLC
Grant Deed
—
Aug 6, 2018
—
Snowlick Mountain Ranch LLC
Sunman,ann I
Quit Claim Deed
related
—
Mar 1, 2007
—
Snowlick Mountain Ranch LLC
Williamitis,anthony J
Quit Claim Deed
related
—
Jun 22, 2004
$330,000
Anthony J Williamitis
Ventimiglia,frank & Ralph
Grant Deed
$330,000 · Barbara A Williams
Jun 22, 2004
—
Ralph Ventimiglia
Summerball,david C & Carolyn B
Quit Claim Deed
related
—
Jan 15, 2003
$190,000
Ralph Ventimiglia
Summerall,david C & Carolyn B
Grant Deed
$140,000 · David C & Carolyn B Summerall
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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