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Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Drug stores
12255 Cleveland Ave Fort Myers, FL 33907-3801
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8380133
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,510 SF
Lot
2.18 ac (94,990 SF)
Zoning code
CPD
APN
13-45-24-L1-37000.0010
UPID
US18-8380133
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
-
CVS Pharmacy Pharmacy
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CDReload Instant Bitcoin Crypto Atm
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.68M
Owner & transaction history
Cnlv Cvftmyfl LLC · 9 yrs held
Cnlv Cvftmyfl LLC
since 2016
4 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+37.8%
Medical building
$4.4M
+2.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,610,000
6.5%
$3,330,000
7%
$3,095,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,300,000
Current use
COMMERCIAL (GENERAL)
$5,925,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$4,390,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,905,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±10%
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
$223 / 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
$50,874
Tax year 2023
Assessed value
$4,506,373
Assessed 2023
Previous assessed
$4,380,634
+2.9% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,390,328
Assessed improvement
$2,116,045
Land market value
$2,390,328
Improvement market value
$2,116,045
Total market value
$4,506,373
Applied tax rate
121.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,510 SF
Lot
2.18 ac (94,990 SF)
Zoning code
CPD
APN
13-45-24-L1-37000.0010
UPID
US18-8380133
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
RETAIL STORES Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Cnlv Cvftmyfl LLC
Entity
Mailing address
4128 VIA MIRADA, SARASOTA, FL 34238-2736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2016
$10,371,000
Cnlv Cvftmyfl LLC
Cpi Vsc Fort Myers LLC
Trustees Deed
$61,480,000 · Wells Fargo Bk
Jul 9, 2013
$8,178,619
Cpi Vsc Fort Myers LLC
12255 South Cleveland LLC
Grant Deed
—
Aug 17, 2006
$9,191,200
12255 South Cleveland LLC
Gh&g Crystal LLC
Special Warranty Deed
$6,200,000 · Merrill Lynch Mortgage Lending INC
Jun 23, 2005
$3,600,000
Gh & G Crystal LLC
Three Js LLP
Grant Deed
$6,766,700 · Compass Fsb
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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