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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Hotels
1547 Tamiami Trl North Fort Myers, FL 33903-5502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-9188448
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,856 SF
Lot
0.45 ac (19,560 SF)
Zoning code
C-1
APN
02-44-24-04-00012.0040
UPID
US18-9188448
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$530k
Owner & transaction history
1547 N Tamiami LLC · 5 yrs held
1547 N Tamiami LLC
since 2021
Last sale
$540,000
7 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
Method
Estimation
Statistic approach
$530,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$820,000
Current use
COMMERCIAL (GENERAL)
$665,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $540k (Jul 2 2021)
Last sale anchor
$540k
Jul 2 2021
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
$286 / 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
$6,320
Tax year 2023
Assessed value
$503,930
Assessed 2023
Previous assessed
$301,017
+67.4% YoY
Effective rate
1.25%
On assessed value
Assessed land
$101,649
Assessed improvement
$402,281
Land market value
$101,649
Improvement market value
$402,281
Total market value
$503,930
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Buildings
5
Stories
1
Units
10
Bathrooms
16
Total area
1,856 SF
Lot
0.45 ac (19,560 SF)
Zoning code
C-1
APN
02-44-24-04-00012.0040
UPID
US18-9188448
Jurisdiction
LEE
Zoning & alternative use
C-1 · North Fort Myers, FL
Zoning 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
North Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$665,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
10
Bathrooms
16
Lot
0.45 ac
Current owner
From public records · entity-resolved
1547 N Tamiami LLC
Entity
Mailing address
4818 CORONADO PKWY STE #4, CAPE CORAL, FL 33904-9592
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$540,000
1547 N Tamiami LLC
Jay Ambe LLC
Warranty Deed
$250,000 · Bdllc LLC
Oct 18, 2016
$285,000
Jay Ambe LLC
Jalaram Hospitality LLC
Warranty Deed
$21,000 · First Bank
May 3, 2010
—
Jalaram Hospitality LLC
—
Trustees Deed
related
—
Apr 27, 2009
—
Jalaram Hospitality LLC
—
Trustees Deed
related
—
Mar 26, 2008
$460,000
Jalaram Hospitality LLC
Welcome In Motel LLC
Warranty Deed
$230,000 · Montgomery Bank NA
Jul 21, 2004
—
Welcome-in Motel LLC
Henry Peterson INC
Quit Claim Deed
related
$262,000 · First National Bank Florida
Dec 29, 2000
$145,000
Henry Peterson INC
G L S Of South Florida INC
Grant Deed
$100,000 · Cape Coral National Bank
Aug 22, 2000
$39,700
Gls Of South Florida INC
Lee County Tax Deed Clerk (fl)
Grant Deed
—
—
—
Jalaram Hospitality LLC
—
Deed Of Trust
related
—
—
—
Jalaram Hospitality LLC
—
Loan Modification
related
$220,974 · Montgomery Bank NA
—
—
Jalaram Hospitality LLC
—
Deed Of Trust
related
$223,063 · Montgomery Bank NA
—
—
Jalaram Hospitality LLC
—
Loan Modification
related
$220,400 · Montgomery Bank NA
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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