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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Hotels
13661 Indian Paint Ln Fort Myers, FL 33912-1837
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1193053
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,999 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CT
APN
22-45-25-00-00002.107A
UPID
US18-1193053
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
-
Travelodge by Wyndham Fort Myers Airport Hotel & Motel
-
Travellodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$3.98M
Owner & transaction history
Gold Coast Hotels INC · 1 yrs held
Gold Coast Hotels INC
since 2025
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
CT · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+65.7%
Restaurant
$5.6M
+40.7%
Office building
$4.8M
+21.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,975,000
Current use
AUTO REPAIR, GARAGE
$6,580,000
Change: +66% · Conversion: Difficult
RESTAURANT
$5,590,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$4,825,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,520,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,230,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.75M (Feb 21 2025)
Last sale anchor
$3.75M
Feb 21 2025
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
$442 / 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
$51,997
Tax year 2023
Assessed value
$6,249,522
Assessed 2023
Previous assessed
$3,705,003
+68.7% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,823,356
Assessed improvement
$3,426,166
Land market value
$2,823,356
Improvement market value
$3,426,166
Total market value
$6,249,522
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Bathrooms
50
Total area
8,999 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CT
APN
22-45-25-00-00002.107A
UPID
US18-1193053
Jurisdiction
LEE
Zoning & alternative use
CT · Fort Myers, FL
Zoning CT · permitted uses
CT · 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
HOTEL/MOTEL Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RESTAURANT
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
50
Lot
1.89 ac
Current owner
From public records · entity-resolved
Gold Coast Hotels INC
Entity
Mailing address
13661 INDIAN PAINT LN, FORT MYERS, FL 33912-1837
Ownership since
2025
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
May 21, 2025
$3,750,000
Gold Coast Hotels INC
Debary Hospitality LLC
Special Warranty Deed
$3,187,500 · Port 51 Lending LLC
Aug 26, 2009
$1,550,000
Debary Hospitility LLC
Fidelity Bank Of Florida NA
Corporation Deed
—
Aug 10, 2009
$100
Fidelity Bank Of Florida NA
Discoverzion LLC Coc
Trustees Deed
related
—
Nov 9, 2006
$3,879,000
Discoverzion LLC
Evana Petroleum Corp
Special Warranty Deed
—
—
—
Evana Petroleum Corp
—
Deed Of Trust
related
$2,300,000 · Florida Community 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.
Try Rey
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