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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
1390 Royal Palm Sq Blvd Fort Myers, FL 33919-1077
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-0342009
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,950 SF
Lot
0.73 ac (31,668 SF)
Zoning code
CG
APN
03-45-24-P2-00060.0020
UPID
US18-0342009
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Gsk Properties LLC · 11 yrs held
Gsk Properties LLC
since 2015
4 recorded transactions
Zoning & alternative use
CG · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the express intent of the CG District to provide areas for commercial activities that meet the retail shopping and service needs of the community.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
1,984.95 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / 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
$20,829
Tax year 2023
Assessed value
$1,255,451
Assessed 2023
Previous assessed
$1,087,477
+15.4% YoY
Effective rate
1.66%
On assessed value
Assessed land
$511,248
Assessed improvement
$744,203
Land market value
$511,248
Improvement market value
$744,203
Total market value
$1,255,451
Applied tax rate
90.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
6,950 SF
Lot
0.73 ac (31,668 SF)
Zoning code
CG
APN
03-45-24-P2-00060.0020
UPID
US18-0342009
Jurisdiction
LEE
Zoning & alternative use
CG · Fort Myers, FLZoning CG · permitted uses
CG · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the express intent of the CG District to provide areas for commercial activities that meet the retail shopping and service needs of the community.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
1,984.95 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Gsk Properties LLC
Entity
Mailing address
1380 ROYAL PALM SQ BLVD, FORT MYERS, FL 33919-1077
Ownership since
2015
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
Feb 18, 2015
$735,000
Gsk Properties LLC
Parker Enterprises LLC
Warranty Deed
$675,000 · Parker Enterprises LLC
Apr 20, 2005
$1,275,000
Parker Ents LLC
Rc Land Partners LLP
Grant Deed
—
Jun 7, 2001
$830,500
C Land Partners LLP R
Heart Associates Bldg Ptshp
Grant Deed
$709,925 · Bank Of America
—
—
Rc Land Partners LLP
—
Deed Of Trust
related
$50,000 · 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.
Try Rey
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