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Property profile & analytics
OFF-MARKET
Retail space
11521 Cleveland Ave 801 Fort Myers, FL 33907-2839
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0209725
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,000 SF
Lot
12.07 ac (525,769 SF)
Zoning code
CPD
APN
12-45-24-00-00013.001A
UPID
US18-0209725
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
-
City Mattress Outlet Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lmr II Palm Pointe LLC · 1 yrs held
Lmr II Palm Pointe LLC
since 2024
Last sale
$19.4M
7 recorded transactions
Zoning & alternative use
CPD · Fort Myers, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$256,946
Tax year 2023
Assessed value
$19,190,157
Assessed 2023
Previous assessed
$16,682,795
+15.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$9,210,421
Assessed improvement
$9,979,736
Land market value
$9,210,421
Improvement market value
$9,979,736
Total market value
$19,190,157
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Total area
10,000 SF
Lot
12.07 ac (525,769 SF)
Zoning code
CPD
APN
12-45-24-00-00013.001A
UPID
US18-0209725
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.
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
12.07 ac
Current owner
From public records · entity-resolved
Lmr II Palm Pointe LLC
Entity
Mailing address
6060 S AMERICAN PLZ ST E STE #330, TULSA, OK 74135-4328
Ownership since
2024
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
Aug 16, 2024
$19,440,000
Lmr II Palm Pointe LLC
2010 Palm Pointe Limited Partnershi
Special Warranty Deed
—
Jul 11, 2024
$10,500,000
Ft Myers Property Owner LLC
41 Central Fort Myers Apartments Ll
Special Warranty Deed
—
Dec 20, 2021
$3,400,000
41 Central Fort Myers Apartments Ll
Palm Pointe Limited Partnership
Special Warranty Deed
—
Nov 23, 2010
$600
2010 Palm Pointe LP
Tgi Fort Myers 41 LLC Coc
Trustees Deed
related
—
Jun 7, 2007
$22,000,000
Tgi Fort Myers-41 LLC
Wprm LLC
Warranty Deed
—
Sep 2, 2005
—
Wprm LLC
—
Trustees Deed
related
$2,720,000 · Orion Bank
—
—
2010 Palm Pointe LP
—
Deed Of Trust
related
$12,500,000 · Bancfirst
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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