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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
12998 Cleveland Ave Fort Myers, FL 33907-3849
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-2458759
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,573 SF
Lot
1.34 ac (58,249 SF)
Zoning code
C-1
APN
23-45-24-00-01000.0020
UPID
US18-2458759
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
-
plastic surgery for men Physician Medical Clinic
-
Dr. Ralph Garramone Physician Medical Clinic
-
Garramone Plastic Surgery Spa & Massage Center Alternative Medicine Practice
-
Dr. Ralph Garramone, MD FACS Physician Medical Clinic
-
Ralph R. Garramone, MD, FACS - Plastic Surgery, Dermatology, Weight Loss, & Age Management Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$645k
Owner & transaction history
Omg Realty LLC · 16 yrs held
Omg Realty LLC
since 2010
5 recorded transactions
Zoning & alternative use
C-1 · 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
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$141 / 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
$31,826
Tax year 2023
Assessed value
$3,032,387
Assessed 2023
Previous assessed
$2,634,852
+15.1% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,284,274
Assessed improvement
$1,748,113
Land market value
$1,284,274
Improvement market value
$1,748,113
Total market value
$3,032,387
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
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
4,573 SF
Lot
1.34 ac (58,249 SF)
Zoning code
C-1
APN
23-45-24-00-01000.0020
UPID
US18-2458759
Jurisdiction
LEE
Zoning & alternative use
C-1 · Fort Myers, FLZoning C-1 · permitted uses
C-1 · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Omg Realty LLC
Entity
Free & Clear · 16 yrs held
Mailing address
12998 S CLEVELAND AVE, FORT MYERS, FL 33907-3849
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
Omg Realty LLC
—
Deed
related
$1,000,000 · Finemark National Bank & Trust
Jun 17, 2016
—
Omg Realty LLC
—
Deed
related
$2,000,000 · Finemark National Bank & Trust
Jan 28, 2010
—
Omg Realty LLC
Wachovia Bk NA
Quit Claim Deed
related
—
Jan 28, 2010
$1,300,000
Omg Realty LLC
Wachovia Bk NA
Grant Deed
$1,057,500 · Ironstone Bank
—
—
Omg Realty LLC
—
Deed Of Trust
related
$875,500 · Bank Of America
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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