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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Grocery and convenience stores
1421 Ortiz Ave Fort Myers, FL 33905-4937
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8919405
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,087 SF
Lot
1.96 ac (85,378 SF)
Zoning code
C-2
APN
16-44-25-00-00008.003B
UPID
US18-8919405
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
-
Happy Sun Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
-
Lopez Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.73M
Owner & transaction history
Properties Of S & O LLC · 9 yrs held
Properties Of S & O LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,745,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,620,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$156 / 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
$15,156
Tax year 2023
Assessed value
$1,333,440
Assessed 2023
Previous assessed
$1,159,189
+15.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$245,761
Assessed improvement
$1,087,679
Land market value
$245,761
Improvement market value
$1,087,679
Total market value
$1,333,440
Applied tax rate
46.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
2
Total area
11,087 SF
Lot
1.96 ac (85,378 SF)
Zoning code
C-2
APN
16-44-25-00-00008.003B
UPID
US18-8919405
Jurisdiction
LEE
Zoning & alternative use
C-2 · Fort Myers, FL
Zoning C-2 · permitted uses
C-2 · 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
WAREHOUSE, STORAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Properties Of S & O LLC
Entity
Mailing address
6821 LK DEVONWOOD DR, FORT MYERS, FL 33908-7202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2017
—
Properties Of S & O LLC
Properties Of S & O LLC
Quit Claim Deed
related
$1,609,500 · Bankunited Fsb
Aug 27, 2008
$4,320,000
Properties Of S & O INC
Lamexicana III INC
Warranty Deed
$3,300,000 · First Bank
May 17, 2000
$185,000
La Mexicana 3 INC
Roque,anna
Grant Deed
—
Feb 22, 1999
$185,000
Anna A Roque
Miller,robert J
Grant Deed
$160,000 · Miller Trust
—
—
Properties Of S & O LLC
—
Deed Of Trust
related
$1,300,000 · First Bk
—
—
Properties Of S & O LLC
—
Loan Modification
related
$1,300,000 · First Bk
—
—
Properties Of S & O INC
—
Deed Of Trust
related
$556,576 · Anna A Pagani
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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