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Property profile & analytics
OFF-MARKET
Retail space
1535 Tamiami Trl North Fort Myers, FL 33903-5502
Trust Owned
15-yr Hold
Free & Clear
Property ID
US18-9188449
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,080 SF
Lot
0.19 ac (8,150 SF)
Zoning code
C-1
APN
02-44-24-04-00012.0050
UPID
US18-9188449
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
by Request
Owner & transaction history
1535 N Tamiami Trustail Land Trust · 15 yrs held
1535 N Tamiami Trustail Land Trust
since 2011
Last sale
$125,000
4 recorded transactions
Zoning & alternative use
C-1 · North 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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
—
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
$2,633
Tax year 2023
Assessed value
$250,815
Assessed 2023
Previous assessed
$249,502
+0.5% YoY
Effective rate
1.05%
On assessed value
Assessed land
$33,625
Assessed improvement
$217,190
Land market value
$33,625
Improvement market value
$217,190
Total market value
$250,815
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
1,080 SF
Lot
0.19 ac (8,150 SF)
Zoning code
C-1
APN
02-44-24-04-00012.0050
UPID
US18-9188449
Jurisdiction
LEE
Zoning & alternative use
C-1 · North Fort Myers, FLZoning C-1 · permitted uses
C-1 · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
1535 N Tamiami Trustail Land Trust
Trust
Free & Clear · 15 yrs held
Mailing address
1109 AMBER LK CT, CAPE CORAL, FL 33909-2946
Ownership since
2011
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
Mar 8, 2011
—
1535 N Tamiami Trustail Land Trust
Bennett,sandy
Quit Claim Deed
related
—
Jan 28, 2011
$125,000
Sandy Bennett
Young,carl F & Ellen M
Warranty Deed
$100,000 · Carl F & Ellen M Young
Oct 20, 2010
$100
Carl F Young
Wmdc LLC Coc
Trustees Deed
related
—
Apr 22, 2008
$350,000
Wmdc LLC
Young,carl F & Ellen M
Warranty Deed
$340,000 · Carl F & Ellen M Young
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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