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Property profile & analytics
OFF-MARKET
Warehouses
1200 Main St Fort Myers Beach, FL 33931-2906
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0630133
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
2,480 SF
Lot
2.74 ac (119,182 SF)
Zoning code
IPD
APN
19-46-24-00-00019.0010
UPID
US19-0630133
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
-
Key West Express Travel Agency Tour Operator
-
Marina Hotel & Motel Resort
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
Key West Express LLC · 16 yrs held
Key West Express LLC
since 2009
6 recorded transactions
Zoning & alternative use
IPD · 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
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
$24,633
Tax year 2023
Assessed value
$1,762,858
Assessed 2023
Previous assessed
$1,758,525
+0.2% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,325,504
Assessed improvement
$437,354
Land market value
$1,325,504
Improvement market value
$437,354
Total market value
$1,762,858
Applied tax rate
78.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
4
Total area
2,480 SF
Lot
2.74 ac (119,182 SF)
Zoning code
IPD
APN
19-46-24-00-00019.0010
UPID
US19-0630133
Jurisdiction
LEE
Zoning & alternative use
IPD · Fort Myers Beach, FL
Zoning IPD · permitted uses
IPD · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
2.74 ac
Current owner
From public records · entity-resolved
Key West Express LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1000 MARKET ST UNIT #300, PORTSMOUTH, NH 03801-3358
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2020
—
Hw LLC
—
Deed
related
$7,718,000 · Hancock Whitney Bk
Nov 30, 2009
—
Key West Express LLC
Lee County Florida
Grant Deed
—
Sep 26, 2006
$5,500,000
Hw LLC
1200 Main Street INC
Warranty Deed
—
—
—
Hw LLC
—
Loan Modification
related
$4,442,595 · Whitney Bank
—
—
Hw LLC
—
Loan Modification
related
$7,718,000 · Hancock Whitney Bk
—
—
1200 Main Street INC
—
Deed Of Trust
related
$89,785 · Ballard INC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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