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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Specialty properties
13932 Palm Bch Blvd Fort Myers, FL 33905-2100
Entity Owned
5-yr Hold
Property ID
US18-5235257
Property summary
AI-generated overview
This exceptional 5,550 square foot retail property, located at 13932 Palm Beach Blvd in Fort Myers, Florida (zip code 33905), is offered for sale at $1,150,000. The property boasts a prominent location on busy Palm Beach Boulevard (SR-80) in Lee County, offering excellent visibility and accessibility. Classified as a Class B building, it features one two-story structure situated on a 0.69-acre lot. Currently vacant, the space presents a unique opportunity for redevelopment. The ground floor, previously used as a funeral home, is adaptable to various commercial or retail uses. The upper level includes a substantial storage area and three separately metered apartments, providing potential for diversified income streams through residential rentals. The property is zoned C-1, allowing for a range of commercial activities. The asking price translates to $207.21 per square foot. This is a rare chance to acquire a high-visibility retail property with added residential income potential in a thriving Fort Myers location. The property is being sold by the owner.
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,512 SF
Lot
0.69 ac (30,013 SF)
Zoning code
C-1
APN
29-43-26-05-00056.0460
UPID
US18-5235257
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
-
Akin Davis Funeral Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Fpg Florida LLC · 5 yrs held
Fpg Florida LLC
since 2020
Last sale
$724,200
7 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
$980,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$720,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$635,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$560,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $724k (Dec 14 2020)
Last sale anchor
$724k
Dec 14 2020
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
$236 / 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
$6,779
Tax year 2023
Assessed value
$477,792
Assessed 2023
Previous assessed
$555,201
-13.9% YoY
Effective rate
1.42%
On assessed value
Assessed land
$120,052
Assessed improvement
$357,740
Land market value
$120,052
Improvement market value
$357,740
Total market value
$477,792
Applied tax rate
240.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
3,512 SF
Lot
0.69 ac (30,013 SF)
Zoning code
C-1
APN
29-43-26-05-00056.0460
UPID
US18-5235257
Jurisdiction
LEE
Zoning & alternative use
C-1 · Fort Myers, FL
Zoning 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
Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$635,000
RETAIL STORES
Est. value
$560,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Fpg Florida LLC
Entity
Mailing address
4901 VINELAND RD STE #300, ORLANDO, FL 32811-7194
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Fpg Florida LLC
—
Deed
related
$315,000,000 · Bmo Harris Bank NA
Dec 14, 2020
$724,200
Fpg Florida LLC
Akin-davis Funeral Homes INC
Grant Deed
—
Aug 8, 1997
$20,700
Akin-davis Funeral Homes
Hamilton,daniel P & Kristine D
Grant Deed
—
Aug 8, 1997
$8,400
Akin-davis Funeral Homes
Summers,stephanie K
Trustees Deed
—
Aug 8, 1997
$67,100
Akin-davis Funeral Homes
Dueker Trust
Trustees Deed
—
Aug 8, 1997
$14,000
Akin-davis Funeral Homes
Thornberry,kenneth D & Nancy D
Grant Deed
—
Aug 8, 1997
$10,400
Akin-davis Funeral Homes
Hamilton Trust
Grant Deed
—
—
—
Akin Davis Funeral Homes INC
—
Loan Modification
related
$489,000 · First 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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