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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
1611 Fowler St Fort Myers, FL 33901-2927
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0856613
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1901
Construction
FRAME
Total area
1,194 SF
Lot
0.3 ac (12,986 SF)
Zoning code
U-CTR
APN
13-44-24-P3-00409.004E
UPID
US19-0856613
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
-
Butcher & Company Interior Design Home Decor Store
-
Gathering House by Dwelling Place Project Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$800k
Owner & transaction history
Rmz Investments LLC · 2 yrs held
Rmz Investments LLC
since 2024
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
U-CTR · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+159.1%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$875,000
Change: +159% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jul 9 2024)
Last sale anchor
$800k
Jul 9 2024
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
$670 / 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
$12,996
Tax year 2023
Assessed value
$684,434
Assessed 2023
Previous assessed
$594,376
+15.2% YoY
Effective rate
1.90%
On assessed value
Assessed land
$296,973
Assessed improvement
$387,461
Land market value
$296,973
Improvement market value
$387,461
Total market value
$684,434
Applied tax rate
91.0000
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
1901
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
8
Total area
1,194 SF
Lot
0.3 ac (12,986 SF)
Zoning code
U-CTR
APN
13-44-24-P3-00409.004E
UPID
US19-0856613
Jurisdiction
LEE
Zoning & alternative use
U-CTR · Fort Myers, FL
Zoning U-CTR · permitted uses
U-CTR · 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
$875,000
AUTO REPAIR, GARAGE
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
1901
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
8
Lot
0.3 ac
Current owner
From public records · entity-resolved
Rmz Investments LLC
Entity
Mailing address
1625 HOUGH ST, FORT MYERS, FL 33901-2413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 9, 2024
$800,000
Rmz Investments LLC
Gardners Park Apartments LLC
Warranty Deed
$568,000 · Busey Bank
Aug 2, 2022
—
Gardners Park Apartments LLC
—
Deed
related
$542,500 · Sanibel Captiva Community Bank
Nov 23, 2015
$449,000
Jrkr LLC
Frank Lee Greathouse
Warranty Deed
$381,650 · First Citizens Bank & Trust Co
Sep 17, 2003
$285,000
Frank L Greathouse
Mcintosh,dillard A & Mary R
Grant Deed
—
—
—
Frank L Greathouse
—
Deed Of Trust
related
$34,600 · Us Small Business Admn
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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