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    11290 Summerlin Square Dr Fort Myers Beach, FL 33931
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    Property profile & analytics

    11290 Summerlin Square Dr, Fort Myers Beach, FL 33931

    View on Map
    • Drive through restaurants
    • 2,111 SF
    • 1.06 lot acres
    For Sale
    $520,000
    View Listing →
    Freestanding Restaurant with Drive-Thru For Sale
    $520,000
    2,167 SF

    Freestanding Restaurant with Drive-Thru

    Freestanding restaurant with drive-thru on 1.02 acres.

    11290 Summerlin Square Dr, Fort Myers Beach, FL
    View Listing
    Property ID
    US18-6155661
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Taco Bell / Restaurant / Take-out & Catering

    Property Details for 11290 Summerlin Square Dr

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Zone code
    CC
    Property type
    Drive through restaurants
    APN
    07-46-24-00-00005.1090
    APU
    7462400000051090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 24, 2014 $1,900,000 Eftal Properties LLC Bellman Brook INC Warranty Deed $1.4M · Grow Financial FCU
    Dec 23, 2005 $1,780,400 Bellman Brook INC Sovereign Tb LLC Grant Deed —
    Aug 17, 2005 $1,495,400 Sovereign Tb LLC Tromble & Co Operations INC Special Warranty Deed —
    Jan 28, 2005 $950,000 Tromble & Co Operations INC Tromble & Co INC Grant Deed $5.7M · Bank Of America
    Aug 6, 1997 $225,000 Tromble & Co INC Summerlin Associates Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $608,000
      Market price range: $158k - $609k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9389
    Latitude
    26.4934
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,614
    $1,521,552
    $670,033
    $2,191,585
    -
    $1,521,552
    $670,033
    $2,191,585

    Comparable in this City

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      2,694 SF

      7225 Estero Blvd

      RESTAURANT
      7225 Estero Blvd, Fort Myers Beach, FL 33931-4707
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      3,090 SF

      17200 San Carlos Blvd

      RESTAURANT
      17200 San Carlos Blvd, Fort Myers Beach, FL 33931-5306
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    • Value Estimation
      $745,000
      3,590 SF

      3040 Estero Blvd

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      3040 Estero Blvd, Fort Myers Beach, FL 33931-3610
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    • Value Estimation
      $2,120,000
      6,134 SF

      19001 San Carlos Blvd

      RESTAURANT
      19001 San Carlos Blvd, Fort Myers Beach, FL 33931-2261
      View Details
    • Value Estimation by Request
      1,868 SF

      17633 San Carlos Blvd

      RESTAURANT
      17633 San Carlos Blvd, Fort Myers Beach, FL 33931-3012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,167 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru on 1.02 acres.
      11290 Summerlin Square Dr, Fort Myers Beach, FL 33931
      View Details
    • $1,500,000
      0.10 Acres

      Prime Commercial Opportunity on Boulevard

      Commercial property on Old San Carlos Boulevard with redevelopment potential.
      185 Old San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing
      Pending

      Prime Commercial Parcel in Downtown

      Commercial land in the heart of Fort Myers Beach.
      120 Primo Dr, Fort Myers Beach, FL 33931
      View Details
    • $1,482,000
      7,000 SF

      Prime Location Near Fort Myers Beach

      1.16-acre commercial property with great potential near beach access.
      870 Buttonwood Dr, Fort Myers Beach, FL 33931
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    • $5,799,000
      14,000 SF

      Freestanding Commercial Property on San Carlos

      3. 5-acre commercial property with versatile retail/restaurant space.
      17650 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • $6,900,000
      15,000 SF

      Fort Myers Beach Redevelopment Opportunity

      Prime 3.5-acre restaurant/retail site
      17650 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Corner Retail Space

      Updated commercial building with drive-through and high traffic volume.
      19003 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing
      1,452 SF

      Retail Center on San Carlos Boulevard

      Retail spaces available in renovated Fort Myers Beach shopping center.
      17260-17284 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      Fort Myers Beach Retail Space

      70,000 SF shopping plaza on Fort Myers Beach.
      7205 Estero Blvd, Fort Myers Beach, FL 33931
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      2,864 SF

      Retail Center on San Carlos Boulevard

      Retail spaces available in renovated Fort Myers shopping center.
      17264 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land with drive-thru opportunity in renovated plaza.
      17260 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      San Carlos Blvd Commercial Site

      Commercial site located on San Carlos Blvd in Fort Myers.
      17220 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    View Listing
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    Fort Myers Beach, FL 33931
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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