Entity Owned Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,614 SF
Lot
1.98 ac (86,292 SF)
Zoning code
C-1A
APN
13-45-24-00-00001.1020
UPID
US18-3720431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Bakery Specialty Food Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
$4.06M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.09M
Owner & transaction history
since 2024
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
C-1A · Fort Myers, FL
Top alternative use upside
Commercial (general)
$6.0M
+51.8%
Medical building
$4.4M
+12.4%
Retail stores
$4.3M
+10.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.09M
Value range
$2.78M – $3.39M
±10% around blend
Estimated value / SF
$186 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.78M
blend $3.09M
$3.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,614 SF
Lot area
1.98 ac
Year built
1977
Stories
1
APN
13-45-24-00-00001.1020
Zoning
C-1A
Assessed value
$2,856,686
Annual tax
$35,660
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.06M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.40M
@ 6.5% CAP return
$4.06M
@ 7% CAP return
$3.77M
4
Sales comparison
Partial preview
Sales approach indication
$2.53M
Range $2.41M – $6.44M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.09M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 55 sales
$236
-21%
County 133 sales
$342
-46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $186/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+52%
vs current-use indication
Medical Building
Retail Stores
Neighborhood: Shopping Center · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
8.60%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.60%
9.0%
NOI (est.)
$336k *
Last sale · Sep 2024
$4.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.91M
Move the market yield to see immediate price impact.
Value / SF
$235
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.10%8.60%9.10%
$302k
$3.73M
$3.52M
$3.32M
$336k
$4.15M
$3.91M
$3.69M
$370k
$4.56M
$4.30M
$4.06M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,660
Tax year 2023
Assessed value
$2,856,686
Assessed 2023
Previous assessed
$2,477,263
+15.3% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,528,231
Assessed improvement
$1,328,455
Land market value
$1,528,231
Improvement market value
$1,328,455
Total market value
$2,856,686
Applied tax rate
47.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,614 SF
Lot
1.98 ac (86,292 SF)
Zoning code
C-1A
APN
13-45-24-00-00001.1020
UPID
US18-3720431
Jurisdiction
LEE
Zoning & alternative use
C-1A · Fort Myers, FLZoning C-1A · permitted uses
C-1A · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1A
Jurisdiction
Fort Myers, FL
Recorded code
C-1A
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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