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Property profile & analytics
FOR LEASE
Community centers
11150 S Cleveland Ave Fort Myers, FL 33907
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5338045
For Lease
$25 SF/Yr
11150 S Cleveland Ave, Fort Myers, FL 33907
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,755 SF
Lot
1.41 ac (61,637 SF)
Zoning code
C-1
APN
11-45-24-00-00005.4050
UPID
US18-5338045
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
-
Estrella Insurance #241 Insurance Agency
-
Experimax Fort Myers Tech Support Center (Bike/Boat/Book/etc) Store
-
Fort Myers Car Accident Attorney Law Firm
-
Señor Taco Restaurant
-
Happy Sun Ice Cream Fort Myers Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.58M
Owner & transaction history
11150 South Cleveland Ave LLC · 5 yrs held
11150 South Cleveland Ave LLC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C-1 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+162.7%
Commercial (general)
$2.4M
+51.8%
Medical building
$1.8M
+12.4%
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
$2,265,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,595,000
Current use
RESTAURANT
$4,195,000
Change: +163% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,425,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$1,795,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,760,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10% · vs last sale $3.35M (Jul 12 2021)
Last sale anchor
$3.35M
Jul 12 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
$381 / 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
$35,332
Tax year 2023
Assessed value
$2,657,633
Assessed 2023
Previous assessed
$2,289,267
+16.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,177,390
Assessed improvement
$1,480,243
Land market value
$1,177,390
Improvement market value
$1,480,243
Total market value
$2,657,633
Applied tax rate
47.0000
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
For Lease
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
6,755 SF
Lot
1.41 ac (61,637 SF)
Zoning code
C-1
APN
11-45-24-00-00005.4050
UPID
US18-5338045
Jurisdiction
LEE
Zoning & alternative use
C-1 · Fort Myers, FL
Zoning C-1 · permitted uses
C-1 · 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
$1.6M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
11150 South Cleveland Ave LLC
Entity
Free & Clear · 5 yrs held
Mailing address
500 CORSAIR DR, NORTH PALM BEACH, FL 33408-5027
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
$3,345,000
11150 South Cleveland Ave LLC
Page Field Center LLC
Warranty Deed
—
May 5, 2016
—
Page Field Center LLC
—
Deed
related
$2,662,500 · Midwestone Bk
Feb 4, 2015
—
Page Field Center LLC
Masciana Raymond & Diana
Grant Deed
—
Jan 9, 2015
$450,000
Raymond Masciana
Us Century Bk
Grant Deed
—
Sep 18, 2013
$100
Us Century Bk
Gulf Coast Energy LLC Coc
Trustees Deed
related
—
—
—
Page Field Center LLC
—
Loan Modification
related
$2,662,500 · Midwestone Bk
—
—
Gulf Coast Energy LLC
—
Deed Of Trust
related
$1,335,000 · Us Century Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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