Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,340,000
Community centers
10041 University Plz Dr Fort Myers, FL 33913-6016
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-7913609
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,864 SF
Lot
1.99 ac (86,550 SF)
Zoning code
CPD
APN
11-46-25-18-00008.0000
UPID
US18-7913609
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
-
Sharetea Fort Myers Cafe & Coffee Shop
-
Mr Tequila Authentic Mexican Restaurant
-
Playa Bowls Restaurant
-
DXL Big + Tall Clothing & Fashion Store
-
Vivid Touch Nail & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.12M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$3.34M
Owner & transaction history
Ch Retail Fund I & Ft Myers Univ · 10 yrs held
Ch Retail Fund I & Ft Myers Univ
since 2016
4 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.1M
+27.3%
Medical building
$4.5M
+12.4%
Retail stores
$4.4M
+10.1%
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 Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,460,000
6.5%
$4,120,000
7%
$3,825,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,985,000
Current use
OFFICE BUILDING
$5,080,000
Change: +27% · Conversion: Moderate
MEDICAL BUILDING
$4,480,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$4,390,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$3,580,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±10%
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
$198 / 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
$92,869
Tax year 2023
Assessed value
$6,879,648
Assessed 2023
Previous assessed
$9,182,389
-25.1% YoY
Effective rate
1.35%
On assessed value
Assessed land
$3,662,359
Assessed improvement
$3,217,289
Land market value
$3,662,359
Improvement market value
$3,217,289
Total market value
$6,879,648
Applied tax rate
71.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,864 SF
Lot
1.99 ac (86,550 SF)
Zoning code
CPD
APN
11-46-25-18-00008.0000
UPID
US18-7913609
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Ch Retail Fund I & Ft Myers Univ
Entity
Free & Clear · 10 yrs held
Mailing address
3819 MAPLE AVE, DALLAS, TX 75219-3913
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
—
Ch Retail Fund I Ft Myers Univ Plaz
—
Deed
related
$335,000,000 · Metlife Real Estate Lending LLC
Feb 7, 2017
—
Ch Retail Fund I & Ft Myers Univ
—
Deed
related
$49,700,000 · Miscellaneous Ins Co
Feb 16, 2016
$7,600,000
Ch Retail Fund I & Ft Myers Univ
Pv-dunk City LLC
Grant Deed
—
—
—
Ch Retail Fund I & Ft Myers Univ
—
Deed Of Trust
related
$49,700,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10041 University Plz Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
