Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12350 Palm Bch Blvd Fort Myers, FL 33905-4802

    • Turn key restaurants
    • 3,616 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5221505
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • High Horse Bar and Grill / Bar & Pub / Restaurant

    Property Details for 12350 Palm Bch Blvd

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.61 lot acres
    Property size
    3,616 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    30-43-26-01-00007.0370
    APU
    30432601000070370

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.7521
    Latitude
    26.7039
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,075
    $95,701
    $537,232
    $632,933
    -
    $95,701
    $537,232
    $632,933

    Comparable in this City

    • Value Estimation by Request
      4,479 SF

      4834 Palm Bch Blvd

      RESTAURANT • 4,479 SF
      4834 Palm Bch Blvd, Fort Myers, FL 33905-3233
      View Details
    • Value Estimation by Request
      2,980 SF

      13908 Palm Bch Blvd

      RESTAURANT • 2,980 SF
      13908 Palm Bch Blvd, Fort Myers, FL 33905-2138
      View Details
    • Value Estimation
      $630,000
      4,282 SF

      8950 Colonial Ctr Dr

      RESTAURANT • 4,282 SF
      8950 Colonial Ctr Dr, Fort Myers, FL 33905-7815
      View Details
    • Value Estimation
      $670,000
      5,598 SF

      4921 Palm Bch Blvd

      RESTAURANT • 5,598 SF
      4921 Palm Bch Blvd, Fort Myers, FL 33905-3271
      View Details
    • Value Estimation by Request
      848 SF

      4636 Palm Bch Blvd

      RESTAURANT • 848 SF
      4636 Palm Bch Blvd, Fort Myers, FL 33905-3457
      View Details
    • Value Estimation by Request
      3,444 SF

      1501 Ortiz Ave

      RESTAURANT • 3,444 SF
      1501 Ortiz Ave, Fort Myers, FL 33905-4903
      View Details

    Similar Nearby for Sale

    • $559,000

      Prime Fort Myers Commercial Land

      .69-Acre C1 Zoned Lot, High Visibility
      13232 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Fort Myers Commercial Land

      One-acre lot, CI zoning, ideal location.
      11280 Fl-82, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      16.47 Acres

      Fort Myers Commercial Land - 16 Acres

      Prime Commercial Land, I-75 Access, Fort Myers
      0 Forum Blvd, Fort Myers, FL 33905
      View Details
    • $50,000
      0.19 Acres

      Fort Myers Land For Sale

      Undeveloped land in established neighborhood near Ortiz Outdoor Market.
      280 Kingston Dr, Fort Myers, FL 33905
      View Details
    • $2,200,000
      10,000 SF

      Industrial Warehouse Building For Sale

      10,000 SF industrial warehouse with multi-tenant potential.
      5826 Corporation Cir, Fort Myers, FL 33905
      View Details
    • $106,000

      Charming Home in 55+ Community

      Turnkey 2-bedroom, 2-bath home in a welcoming 55+ community.
      261 Poinsettia Dr, Fort Myers, FL 33905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,253 SF

      Retail Space at The Forum

      Retail space available in high-traffic Fort Myers location.
      3230-3268 Forum Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      34,848 SF

      Palm Beach Blvd Commercial Space

      Commercial space on Palm Beach Blvd, ideal for automotive businesses.
      11230 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      44,863 SF

      Retail Space in Fort Myers

      Anchor box available in a busy shopping center.
      4901 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      8,139 SF

      Industrial Warehouse with Fenced Lot

      8,139 SF warehouse with secure, fenced 4.30 AC lot.
      4750 Laredo Ave, Fort Myers, FL 33905
      View Details
    • $2,500 /Mo
      1,900 SF

      Industrial Space with Fenced Yard

      Industrial property for rent with paved and fenced yard.
      5882 Enterprise Pkwy, Fort Myers, FL 33905
      View Details
    • Contact for pricing

      Commercial Pad Site For Rent

      0.95 AC pad site near future Amazon fulfillment center.
      2380 Champion Ring Rd, Fort Myers, FL 33905
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12350 Palm Bch Blvd
    Fort Myers, FL 33905-4802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.