Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Retail space
11050 Summerlin Sq Dr Fort Myers Beach, FL 33931-5361
Individually Owned
17-yr Hold
Property ID
US18-0898861
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
STEEL FRAME
Total area
8,466 SF
Lot
1.23 ac (53,579 SF)
Zoning code
CC
APN
07-46-24-00-00005.1030
UPID
US18-0898861
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
-
Kiwanis Club-Fort Myers Beach Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.69M
Owner & transaction history
Fort Myers Bch Kiwanis Club Fo · 17 yrs held
Fort Myers Bch Kiwanis Club Fo
since 2009
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,850,000
6.5%
$1,710,000
7%
$1,585,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,660,000
Current use
OFFICE BUILDING
$2,450,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$2,420,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$199 / 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
$254
Tax year 2023
Assessed value
$1,246,024
Assessed 2023
Previous assessed
$1,167,046
+6.8% YoY
Effective rate
0.02%
On assessed value
Assessed land
$482,211
Assessed improvement
$763,813
Land market value
$482,211
Improvement market value
$763,813
Total market value
$1,246,024
Applied tax rate
68.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
8,466 SF
Lot
1.23 ac (53,579 SF)
Zoning code
CC
APN
07-46-24-00-00005.1030
UPID
US18-0898861
Jurisdiction
LEE
Zoning & alternative use
CC · Fort Myers Beach, FLZoning CC · permitted uses
CC · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Fort Myers Bch Kiwanis Club Fo
Individual
Mailing address
PO BOX 2507, FORT MYERS BEACH, FL 33932-2507
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
—
Fort Myers Beach Kiwanis Club Found
—
Deed
related
$175,900 · United States Small Business Admin
Feb 15, 2019
—
Fort Myers Bch Kiwanis Club Fo
—
Deed
related
—
Jun 2, 2009
$1,350,000
Fort Myers Bch Kiwanis Club Fo
Sun State Prof Leasing INC
Warranty Deed
$1,080,000 · Orion Bank
Mar 25, 1999
$350,000
Sun State Professional Leasing
Mufalli,james T & Joanne
Grant Deed
$975,000 · Atlantic States Bank
Jul 2, 1998
$350,000
James T Mufalli
Summerlin Associate Partnershi
Grant Deed
$200,000 · Seller
—
—
Sun State Professional Leasing
—
Deed Of Trust
related
$1,110,000 · Gulf Coast National Bank
—
—
Fort Myers Bch Kiwanis Club Fo
—
Loan Modification
related
—
—
—
Fort Myers Bch Kiwanis Club Fo
—
Loan Modification
related
—
—
—
Fort Myers Bch Kiwanis Club Fo
—
Deed Of Trust
related
$866,921 · Iberiabank
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 11050 Summerlin Sq 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.
