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Property profile & analytics
OFF-MARKET
Estimated value
$15,510,000
Hotels
1400 Estero Blvd Fort Myers Beach, FL 33931-2713
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-3198331
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1980
Construction
CONCRETE
Total area
18,310 SF
Lot
2.71 ac (118,135 SF)
Zoning code
DOWNTOWN
APN
19-46-24-W4-0070D.0020
UPID
US18-3198331
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
-
LibertyX Bitcoin ATM Atm
-
Wind and Water Sports Tour Operator
-
Bay Inn at the Lani Kai Parking Lot & Garage
-
hideaway village Hotel & Motel
-
Lani Kai Island Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.05M
Blend (final)
Blend
$15.51M
Owner & transaction history
Robert G Conidaris · 12 yrs held
Robert G Conidaris
since 2013
5 recorded transactions
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.1M
+73.8%
Auto repair, garage
$12.9M
+30.9%
Restaurant
$10.6M
+7.4%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$9,865,000
Current use
COMMERCIAL (GENERAL)
$17,145,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,910,000
Change: +31% · Conversion: Difficult
RESTAURANT
$10,590,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$15.51M
Range $13.96M – $17.06M · ±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
$847 / 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
$214,739
Tax year 2023
Assessed value
$14,944,088
Assessed 2023
Previous assessed
$20,591,436
-27.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$14,944,078
Assessed improvement
$10
Land market value
$14,944,078
Improvement market value
$10
Total market value
$14,944,088
Applied tax rate
277.0000
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
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
5
Bathrooms
100
Total area
18,310 SF
Lot
2.71 ac (118,135 SF)
Zoning code
DOWNTOWN
APN
19-46-24-W4-0070D.0020
UPID
US18-3198331
Jurisdiction
LEE
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Zoning DOWNTOWN · permitted uses
DOWNTOWN · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$17.1M
AUTO REPAIR, GARAGE
Est. value
$12.9M
RESTAURANT
Est. value
$10.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1980
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Bathrooms
100
Lot
2.71 ac
Current owner
From public records · entity-resolved
Robert G Conidaris
Individual
Free & Clear · 12 yrs held
Mailing address
1400 ESTERO BLVD, FORT MYERS BEACH, FL 33931-2713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Aug 26, 2024
—
Lani Kai LP
—
Deed
related
$5,000,000 · Lake Michigan Cu
Dec 27, 2013
—
Robert G Conidaris
Conidaris Robert G Trust
Quit Claim Deed
related
—
Dec 21, 2011
—
Lani Kai LP
Conidaris,robert G
Warranty Deed
—
Sep 28, 2009
—
Robert G Conidaris
Conidaris Grace A Trust
Quit Claim Deed
related
—
Jan 28, 2008
—
Robert G Living Conidaris
Conidaris,robert G & Grace A
Quit Claim Deed
related
—
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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