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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Hotels
3350 Marinatown Ln North Fort Myers, FL 33903-7052
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5414037
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Construction
FRAME
Total area
6,384 SF
Lot
4.22 ac (183,789 SF)
Zoning code
C-1A
APN
11-44-24-00-00017.3010
UPID
US18-5414037
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
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$4.00M
Owner & transaction history
F213 Holdings LLC · 4 yrs held
F213 Holdings LLC
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
C-1A · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+65.7%
Restaurant
$4.0M
+40.7%
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
$3,920,000
ML approach
$4,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,820,000
Current use
AUTO REPAIR, GARAGE
$4,670,000
Change: +66% · Conversion: Difficult
RESTAURANT
$3,965,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Aug 7 2021)
Last sale anchor
$4.00M
Aug 7 2021
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
$627 / 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
$57,630
Tax year 2023
Assessed value
$5,043,643
Assessed 2023
Previous assessed
$2,579,032
+95.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,363,272
Assessed improvement
$3,680,371
Land market value
$1,363,272
Improvement market value
$3,680,371
Total market value
$5,043,643
Applied tax rate
37.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
18
Bathrooms
110
Total area
6,384 SF
Lot
4.22 ac (183,789 SF)
Zoning code
C-1A
APN
11-44-24-00-00017.3010
UPID
US18-5414037
Jurisdiction
LEE
Zoning & alternative use
C-1A · North Fort Myers, FL
Zoning C-1A · permitted uses
C-1A · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RESTAURANT
Est. value
$4.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
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
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
18
Bathrooms
110
Lot
4.22 ac
Current owner
From public records · entity-resolved
F213 Holdings LLC
Entity
Mailing address
PO BOX 5008, VERNON HILLS, IL 60061-5008
Ownership since
2021
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
Aug 7, 2021
$4,000,000
F213 Holdings LLC
Sai Shyam Hotels LLC
Warranty Deed
$7,200,000 · Fpab Ventures LLC
Jul 29, 2016
—
Sai Shyam Hotels LLC
—
Deed
related
$500,000 · Noa Bank
Jul 6, 2016
—
Sai Shyam Hotels LLC
—
Deed
related
$970,000 · Noa Bank
Dec 29, 2011
$1,000,000
Sai Shyam Hotels LLC
Motel 6 Operating LP
Special Warranty Deed
$832,400 · First Western Sblc INC
Dec 24, 2008
$8,800
Motel 6 Operating
Am Six I Remainder Trust
Grant Deed
—
Dec 24, 2008
$3,159,300
Motel 6 Operating
Am Six I Business Trust
Grant Deed
—
Jan 16, 1998
$2,820,700
Am Six I Business Trust
Motel 6 Operating LP
Trustees Deed
—
Jan 16, 1998
$20,200
Am Six I Remainder Business Tr
Motel 6 Operating LP
Trustees Deed
$49,612,500 · Corporate Real Estate Capital
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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