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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Commercial land
121 Mango St Fort Myers Beach, FL 33931-3232
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1836812
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.13 ac (5,500 SF)
Zoning code
RM
APN
19-46-24-W3-0120E.0030
UPID
US18-1836812
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
1249 Estero Adventures LLC · 3 yrs held
1249 Estero Adventures LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
RM · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residential Multi Family
General category
RESIDENTIAL
Zone area
196.96 ac
Source
Realmo
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
Method
Estimation
Statistic approach
$3,370,000
ML approach
$3,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.10M (Jun 15 2023)
Last sale anchor
$3.10M
Jun 15 2023
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
—
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
$3,044
Tax year 2023
Assessed value
$278,300
Assessed 2023
Previous assessed
$275,000
+1.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$278,300
Land market value
$278,300
Total market value
$278,300
Applied tax rate
32.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,500 SF)
Zoning code
RM
APN
19-46-24-W3-0120E.0030
UPID
US18-1836812
Jurisdiction
LEE
Zoning & alternative use
RM · Fort Myers Beach, FLZoning RM · permitted uses
RM · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Residential Multi Family
General category
RESIDENTIAL
Zone area
196.96 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
1249 Estero Adventures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
290 BAHIA VIA, FORT MYERS BEACH, FL 33931-4415
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
$3,100,000
1249 Estero Adventures LLC
Cjt Properties LLC
Warranty Deed
—
Jun 19, 2018
—
Cjt Properties LLC
—
Deed
related
$575,500 · Busey Bk
May 2, 2018
—
Cjt Properties LLC
—
Deed
$575,500 · Busey Bk
Feb 4, 2011
—
Eagle Equity Capital LLC
Blue Vista Capital LLC
Warranty Deed
related
—
Jul 8, 2005
$14,427,500
Neptune Holdings LLC
Neptune Inn INC
Warranty Deed
related
$14,000 · Brt Realty Trust (tr)
—
—
Cjt Properties LLC
—
Deed Of Trust
$115,000 · Scottsdale Cap
—
—
Cjt Properties LLC
—
Deed Of Trust
related
$474,000 · Busey Bk
—
—
Cjt Properties LLC
—
Deed Of Trust
related
$575,500 · Busey Bk
—
—
Cjt Properties LLC
—
Deed Of Trust
related
$575,500 · Busey 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.
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