Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Turn key restaurants
17975 San Carlos Blvd Fort Myers Beach, FL 33931-3025
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3222467
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,847 SF
Lot
0.74 ac (32,104 SF)
Zoning code
C-2
APN
07-46-24-01-00002.0090
UPID
US18-3222467
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
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Kavanation Beach House Company · 3 yrs held
Kavanation Beach House Company
since 2023
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
C-2 · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+21.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$950,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,070,000
Current use
AUTO REPAIR, GARAGE
$1,300,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $875k (Jul 6 2023)
Last sale anchor
$875k
Jul 6 2023
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
$498 / 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
$17,818
Tax year 2023
Assessed value
$1,971,550
Assessed 2023
Previous assessed
$1,721,691
+14.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,296,483
Assessed improvement
$675,067
Land market value
$1,296,483
Improvement market value
$675,067
Total market value
$1,971,550
Applied tax rate
275.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
1,847 SF
Lot
0.74 ac (32,104 SF)
Zoning code
C-2
APN
07-46-24-01-00002.0090
UPID
US18-3222467
Jurisdiction
LEE
Zoning & alternative use
C-2 · Fort Myers Beach, FL
Zoning C-2 · permitted uses
C-2 · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT Current
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
Kavanation Beach House Company
Entity
Free & Clear · 3 yrs held
Mailing address
843 MIRAMAR ST, CAPE CORAL, FL 33904-9046
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
$875,000
Kavanation Beach House Company
Leo J Dibiasi
Special Warranty Deed
—
Dec 15, 2016
$425,000
Dibiassi,leo J & Valerie J Trust
Manner Richard
Warranty Deed
$150,000 · Mark Bramwell
Apr 24, 2014
$360,000
Richard Manner
Edo Chanco Lc
Warranty Deed
—
Aug 23, 2010
—
Edo Chanco Lc
—
Trustees Deed
related
$70,000 · Sanibel Captiva Community Bank
Sep 17, 2002
$1,000
Edo Chanco Lc
Chan,richard S
Grant Deed
related
—
Mar 21, 1996
$7,500
Reiter Gebhard
Chan,richard S
Grant Deed
—
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$20,000 · Sanibel Captiva Community Bank
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$15,500 · Sanibel Captiva Community Bank
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$97,500 · Sanibel Captiva Community Bank
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$29,400 · Sanibel Captiva Community Bank
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$30,000 · First Community Bank Sw Fl
—
—
Edo Chanco LLC
—
Deed Of Trust
related
$30,000 · Sanibel Captiva Community Bank
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$60,000 · Sanibel Captiva Community Bank
—
—
Edo Chanco Lc
—
Deed Of Trust
related
$50,000 · Sanibel Captiva Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17975 San Carlos Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
