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Property profile & analytics
OFF-MARKET
Estimated value
$7,700,000
Hotels
1047 2nd St Fort Myers Beach, FL 33931-2642
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3317362
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1951
Construction
FRAME
Total area
384 SF
Lot
0.12 ac (5,056 SF)
Zoning code
DOWNTOWN
APN
24-46-23-W3-00201.0070
UPID
US18-3317362
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
$7.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.70M
Owner & transaction history
Fmb Matanzas LLC · 3 yrs held
Fmb Matanzas LLC
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, 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 Fort Myers Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$8,150,000
ML approach
$7,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.70M
Range $6.93M – $8.47M · ±10% · vs last sale $7.50M (Jun 12 2023)
Last sale anchor
$7.50M
Jun 12 2023
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
$20,052 / 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
$4,530
Tax year 2023
Assessed value
$383,760
Assessed 2023
Previous assessed
$443,179
-13.4% YoY
Effective rate
1.18%
On assessed value
Assessed land
$383,750
Assessed improvement
$10
Land market value
$383,750
Improvement market value
$10
Total market value
$383,760
Applied tax rate
277.0000
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
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Bathrooms
4
Total area
384 SF
Lot
0.12 ac (5,056 SF)
Zoning code
DOWNTOWN
APN
24-46-23-W3-00201.0070
UPID
US18-3317362
Jurisdiction
LEE
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Zoning DOWNTOWN · permitted uses
DOWNTOWN · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Fmb Matanzas LLC
Entity
Mailing address
5880 STALEY RD, FORT MYERS, FL 33905-6919
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$7,500,000
Fmb Matanzas LLC
Estero Bay Hotel Company
Special Warranty Deed
$7,500,000 · Sanibel Captiva Community Bank
Oct 17, 2018
—
Estero Bay Hotel Company
—
Deed
related
$250,000 · Midwestone Bank
Aug 16, 2016
—
Estero Bay Hotel Co
—
Deed
related
$250,000 · Midwestone Bk
Dec 9, 2013
—
Estero Bay Hotel Company
Leo J Salvatori
Deed
$3,200,000 · Central Bank
Mar 12, 2004
$362,500
Streit,tr
Baker,henry B
Grant Deed
$300,000 · Fifth Third Bank
—
—
Salvatori Leo J Tr
—
Deed Of Trust
related
$1,280,000 · William G P Kreuser
—
—
Estero Bay Hotel Co
—
Loan Modification
related
$250,000 · Midwestone Bk
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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