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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
1615 Colonial Blvd Fort Myers, FL 33907-1101
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3926688
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,944 SF
Lot
0.22 ac (9,600 SF)
Zoning code
PO
APN
35-44-24-P3-0110C.0020
UPID
US18-3926688
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
-
Yaeger Chiropractic Alternative Medicine Practice
-
Yaeger Bradford J DC Alternative Medicine Practice
-
Bandli III George E DC Alternative Medicine Practice
-
Gertrud Smith, LMT Alternative Medicine Practice Spa & Massage Center
-
Shannon Yates Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$356k
Blend (final)
Blend
$530k
Owner & transaction history
Broward Medical Center Pa · 1 yrs held
Broward Medical Center Pa
since 2025
Last sale
$579,900
5 recorded transactions
Zoning & alternative use
PO · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$700,000
+78.2%
Medical building
$515,000
+32.0%
Retail stores
$505,000
+29.3%
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
$525,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$390,000
Current use
COMMERCIAL (GENERAL)
$700,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$515,000
Change: +32% · Conversion: Easy
RETAIL STORES
$505,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $580k (May 23 2025)
Last sale anchor
$580k
May 23 2025
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
$273 / 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
$4,988
Tax year 2023
Assessed value
$285,401
Assessed 2023
Previous assessed
$203,498
+40.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$74,445
Assessed improvement
$210,956
Land market value
$74,445
Improvement market value
$210,956
Total market value
$285,401
Applied tax rate
90.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
1,944 SF
Lot
0.22 ac (9,600 SF)
Zoning code
PO
APN
35-44-24-P3-0110C.0020
UPID
US18-3926688
Jurisdiction
LEE
Zoning & alternative use
PO · Fort Myers, FL
Zoning PO · permitted uses
PO · 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
OFFICE BUILDING Current
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$700,000
MEDICAL BUILDING
Est. value
$515,000
RETAIL STORES
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Broward Medical Center Pa
Individual
Mailing address
6545 E TOWN AND RIV RD, FORT MYERS, FL 33919-5907
Ownership since
2025
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
May 23, 2025
$579,900
Broward Medical Center Pa
Bradford I Yaeger Pa
Warranty Deed
$405,000 · Dinero Capital LLC
Sep 18, 2004
$255,000
J Yaeger Pa Bradford
Augustine,alexander A
Warranty Deed
$235,000 · Sanibel Captiva Community Bank
Aug 18, 2000
$180,000
Alexander A Augustine
Weaver,alma
Grant Deed
$144,000 · Riverside Bank Gulf Coast
Aug 1, 2000
$26,000
Alma Weaver
Beck,howard S
Quit Claim Deed
related
—
—
—
J Yaeger Pa Bradford
—
Deed Of Trust
related
$268,674 · Bank Of America
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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