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Property profile & analytics
FOR SALE
Medical Office Space
12731 New Brittany Blvd Fort Myers, FL 33907
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-8838413
For Sale
1 / 62
$4,900,000
12731 New Brittany Blvd, Fort Myers, FL 33907
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,367 SF
Lot
1.69 ac (73,788 SF)
Zoning code
CS
APN
14-45-24-00-00005.002A
UPID
US18-8838413
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
-
William Ehrlich, M.D. Physician
-
Renee Houser, O.D. Physician
-
Dr. Emilio Martinez-Lezama Physician
-
Joseph Legiec Physician
-
Shreya Bhandari, O.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
$4.12M
Comparable Approach
Comparable
$3.98M
Blend (final)
Blend
$4.37M
Owner & transaction history
Sinai Holdings LLC · 5 yrs held
Sinai Holdings LLC
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
CS · Fort Myers, 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 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
$3,855,000
ML approach
$5,830,000
CAP Approach
CAP Return
Estimation
6%
$4,460,000
6.5%
$4,115,000
7%
$3,820,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,680,000
Current use
RETAIL STORES
$5,565,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,050,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.37M
Range $3.93M – $4.81M · ±10% · vs last sale $5.70M (Jun 15 2021)
Last sale anchor
$5.70M
Jun 15 2021
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
$205 / 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
$49,081
Tax year 2023
Assessed value
$3,661,788
Assessed 2023
Previous assessed
$3,190,518
+14.8% YoY
Effective rate
1.34%
On assessed value
Assessed land
$953,251
Assessed improvement
$2,708,537
Land market value
$953,251
Improvement market value
$2,708,537
Total market value
$3,661,788
Applied tax rate
47.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
21,367 SF
Lot
1.69 ac (73,788 SF)
Zoning code
CS
APN
14-45-24-00-00005.002A
UPID
US18-8838413
Jurisdiction
LEE
Zoning & alternative use
CS · Fort Myers, FL
Zoning CS · permitted uses
CS · 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
MEDICAL BUILDING Current
Est. value
$5.7M
RETAIL STORES
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
MEDICAL BUILDING Current
RETAIL STORES
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Sinai Holdings LLC
Entity
Mailing address
1111 KANE CONCOURSE, BAY HARBOR ISLANDS, FL 33154-2029
Ownership since
2021
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
Apr 27, 2026
—
Sinai Holdings LLC
—
Deed
related
$300,000
Jun 15, 2021
$5,700,000
Sinai Holdings LLC
Feh New Brittany LLC
Special Warranty Deed
—
Jan 28, 2021
—
Feh New Brittany LLC
—
Deed
related
$4,000,000 · Truist Bk
Nov 18, 2004
$681,700
Feh New Brittany LLC
Frantz,jonathan M
Warranty Deed
—
Sep 7, 1999
—
Frantz Trust
—
Grant Deed
related
$1,203,424 · Bank Of America
Aug 7, 1998
$1,349,500
Jonathan M Frantz
Medic Associates LLP
Grant Deed
$1,146,650 · Nationsbank
—
—
Feh New Brittany LLC
—
Deed Of Trust
related
$2,000,000 · Bank Of America
—
—
Feh New Brittany LLC
—
Deed Of Trust
related
$4,000,000 · Truist Bk
—
—
Feh New Brittany LLC
—
Deed Of Trust
related
$3,250,000 · Cnl Bank
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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