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Property profile & analytics
OFF-MARKET
Hotels
20091 Summerlin Rd Fort Myers, FL 33908-3763
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0647623
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Construction
FRAME
Total area
18,701 SF
Lot
3.48 ac (151,371 SF)
Zoning code
CT
APN
11-46-23-00-00006.0010
UPID
US19-0647623
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
-
Margertiville ft myers beach Restaurant
-
La Quinta Inn & Suites by Wyndham Ft. Myers-Sanibel Gateway Hotel & Motel
-
Just Baked - Hot Food Kiosk Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Laxmi Of Sanibel LLC · 3 yrs held
Laxmi Of Sanibel LLC
since 2022
Last sale
$17.5M
6 recorded transactions
Zoning & alternative use
CT · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$212,022
Tax year 2023
Assessed value
$15,454,215
Assessed 2023
Previous assessed
$10,154,209
+52.2% YoY
Effective rate
1.37%
On assessed value
Assessed land
$6,092,985
Assessed improvement
$9,361,230
Land market value
$6,092,985
Improvement market value
$9,361,230
Total market value
$15,454,215
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Bathrooms
157
Total area
18,701 SF
Lot
3.48 ac (151,371 SF)
Zoning code
CT
APN
11-46-23-00-00006.0010
UPID
US19-0647623
Jurisdiction
LEE
Zoning & alternative use
CT · Fort Myers, FL
Zoning CT · permitted uses
CT · 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
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
157
Lot
3.48 ac
Current owner
From public records · entity-resolved
Laxmi Of Sanibel LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1941 TAMIAMI TRL, PORT CHARLOTTE, FL 33948-2112
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
$17,500,000
Laxmi Of Sanibel LLC
Cavalier Florida LP
Special Warranty Deed
—
Mar 11, 2022
—
Cavalier Florida LP
Cplg Ft Myers LLC
Special Warranty Deed
$104,020,000 · Deutsche Bank
Dec 20, 2011
—
Lq Ft Myers LLC
—
Deed Of Trust
related
$237,345,634 · Bank Of America
Sep 11, 2006
$11,225,000
Lq Ft Myers LLC
Boykin Fort Myers LLC
Grant Deed
—
Jul 7, 2005
—
Boykin Fort Myers LLC
—
Deed Of Trust
related
$4,017,841 · Lehman Brothers Bank Fsb
Jul 19, 2000
—
Boykin Delware Trust
Boykin Hotel Properties LP
Quit Claim Deed
related
$3,284,180 · Lehman Brothers Bank Fsb
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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