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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Banks
11550 Majestic Palms Blvd Fort Myers, FL 33908-3464
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-0000383
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2020
Construction
CONCRETE
Total area
3,056 SF
Lot
1.02 ac (44,605 SF)
Zoning code
CPD
APN
31-45-24-L4-65000.008A
UPID
US18-0000383
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
-
Fifth Third Bank & ATM Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Brown Capital Lllp · 6 yrs held
Brown Capital Lllp
since 2020
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+244.4%
Commercial (general)
$1.1M
+69.0%
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
$2,200,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,235,000
Change: +244% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10% · vs last sale $1.63M (Jun 24 2020)
Last sale anchor
$1.63M
Jun 24 2020
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
$546 / 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
$21,214
Tax year 2023
Assessed value
$1,672,799
Assessed 2023
Previous assessed
$1,672,799
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$892,100
Assessed improvement
$780,699
Land market value
$892,100
Improvement market value
$780,699
Total market value
$1,672,799
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,056 SF
Lot
1.02 ac (44,605 SF)
Zoning code
CPD
APN
31-45-24-L4-65000.008A
UPID
US18-0000383
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Brown Capital Lllp
Entity
Free & Clear · 6 yrs held
Mailing address
2424 EAGLES EYRIE CT, LOUISVILLE, KY 40206-2328
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
$1,625,000
Brown Capital Lllp
San Carlos Blvd Op1 LLC
Warranty Deed
—
Dec 16, 2019
$950,000
San Carlos Blvd Op1 LLC
Tdg-fort Myers LLC
Grant Deed
$837,000 · Legacy Bk/fl
Mar 15, 2010
—
Tdg-fort Myers LLC
—
Loan Modification
related
$9,520,000 · Wells Fargo Bk
—
—
Tdg-fort Myers LLC
—
Loan Modification
related
$7,256,000 · Wells Fargo Bk
—
—
Tdg-fort Myers LLC
—
Loan Modification
related
$9,520,000 · Wells Fargo 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.
Try Rey
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