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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Strip malls
16120 San Carlos Blvd Fort Myers, FL 33908-3294
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0765121
Property summary
AI-generated overview
Kelly Crossing, located at 16120 San Carlos Blvd in Fort Myers, FL, offers a prime retail opportunity in a high-traffic area leading to Fort Myers Beach. This single-story, Class B shopping center boasts approximately 15,100 vehicles per day passing by its significant frontage and pylon signage. Three units are available: Unit 10A, a 1,514 square foot vanilla shell space
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,058 SF
Lot
3.34 ac (145,665 SF)
Zoning code
CPD
APN
06-46-24-00-00003.008A
UPID
US18-0765121
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
-
Rescue Spa Spa & Massage Center
-
Creative Theater Workshop Theater & Performing Art Venue
-
Chocolattés Cafe & Coffee Shop
-
Haven Hair Salon
-
Synergy Commercial Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$3.02M
Owner & transaction history
Florida Kelly Crossing LLC · 3 yrs held
Florida Kelly Crossing LLC
since 2022
7 recorded transactions
Zoning & alternative use
CPD · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±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
$120 / 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
$58,598
Tax year 2023
Assessed value
$4,248,266
Assessed 2023
Previous assessed
$3,683,680
+15.3% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,162,251
Assessed improvement
$2,086,015
Land market value
$2,162,251
Improvement market value
$2,086,015
Total market value
$4,248,266
Applied tax rate
68.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
25,058 SF
Lot
3.34 ac (145,665 SF)
Zoning code
CPD
APN
06-46-24-00-00003.008A
UPID
US18-0765121
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · 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.
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.34 ac
Current owner
From public records · entity-resolved
Florida Kelly Crossing LLC
Entity
Mailing address
237 MAMARONECK AVE, WHITE PLAINS, NY 10605-1319
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
—
94 West Avenue LLC
—
Deed
related
$3,200,000 · Valley Bank
Aug 24, 2022
—
Florida Kelly Crossing LLC
Illy Holdings LLC
Special Warranty Deed
$3,200,000 · Vast Bank NA
Apr 25, 2022
$6,000,000
94 West Avenue LLC
Kelly Crossing LLC
Special Warranty Deed
—
Jan 12, 2011
—
Kelly Crossing LLC
16120/16154 San Carlos Blvd In
Warranty Deed
—
May 21, 2002
$248,000
2825 University Drive INC
Rsidjl LLC
Grant Deed
—
Aug 23, 2001
$185,000
Rsjdjl LLC
Kahn,david A
Grant Deed
—
Aug 23, 2001
—
Rsjdjl LLC
Suitor,douglas G
Quit Claim Deed
related
—
Sep 15, 1998
$180,000
David A Kahn
Rothenberg,henry J
Grant Deed
$140,000 · Seller
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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