Entity Owned Property summary
AI-generated overview
Commercial retail property in North Fort Myers, Florida, consisting of two adjacent vacant retail units designed for occupancy, with a combined interior area of approximately 800 square feet. The site has 100 feet of frontage on US-41 and includes space along the frontage suitable for signage. The property is located next to an operating Smoke N Pit barbeque restaurant, providing adjacency to an established retail use. The parcel covers approximately 0.607 acres; water is included as part of the common-area maintenance arrangement.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,293 SF
Lot
0.65 ac (28,300 SF)
Zoning code
C-1
APN
02-44-24-04-00007.0050
UPID
US18-9229141
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$770k
Owner & transaction history
since 2022
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
C-1 · North Fort Myers, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$770k
Value range
$693k – $847k
±10% around blend
Estimated value / SF
$336 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$693k
blend $770k
$847k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,293 SF
Lot area
0.65 ac
Year built
1988
Stories
1
APN
02-44-24-04-00007.0050
Zoning
C-1
Assessed value
$568,302
Annual tax
$8,616
3
Income approach: direct capitalization
Partial preview
Income approach indication
$560k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$605k
@ 6.5% CAP return
$560k
@ 7% CAP return
$520k
4
Sales comparison
Partial preview
Sales approach indication
$766k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.2 mi away · 2,401 SF
11.0 mi away · 2,940 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$770k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 133 sales
$342
-2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $336/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.70%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.70%
9.0%
NOI (est.)
$53k *
Last sale · Feb 2022
$750k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.12M
Move the market yield to see immediate price impact.
Value / SF
$487
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.20%4.70%5.20%
$47k
$1.13M
$1.01M
$909k
$53k
$1.25M
$1.12M
$1.01M
$58k
$1.38M
$1.23M
$1.11M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$400k
1.8 mi · Mar 2026 · $167/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,616
Tax year 2023
Assessed value
$568,302
Assessed 2023
Previous assessed
$493,789
+15.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$93,594
Assessed improvement
$474,708
Land market value
$93,594
Improvement market value
$474,708
Total market value
$568,302
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,293 SF
Lot
0.65 ac (28,300 SF)
Zoning code
C-1
APN
02-44-24-04-00007.0050
UPID
US18-9229141
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1
Jurisdiction
North Fort Myers, FL
Recorded code
C-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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