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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Turn key restaurants
201 Old San Carlos Blvd Fort Myers Beach, FL 33931-2145
Trust Owned
6-yr Hold
Property ID
US18-0237904
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,496 SF
Lot
0.42 ac (18,378 SF)
Zoning code
DOWNTOWN
APN
24-46-23-W3-00024.0000
UPID
US18-0237904
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
-
Arnal Car Towings (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$900k
Owner & transaction history
Island 201 Old San Carlo Trust · 6 yrs held
Island 201 Old San Carlo Trust
since 2020
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, 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 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
$975,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $800k (Jan 2 2020)
Last sale anchor
$800k
Jan 2 2020
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
$257 / 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
$19,675
Tax year 2023
Assessed value
$1,394,900
Assessed 2023
Previous assessed
$1,853,013
-24.7% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,394,890
Assessed improvement
$10
Land market value
$1,394,890
Improvement market value
$10
Total market value
$1,394,900
Applied tax rate
277.0000
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
9
Total area
3,496 SF
Lot
0.42 ac (18,378 SF)
Zoning code
DOWNTOWN
APN
24-46-23-W3-00024.0000
UPID
US18-0237904
Jurisdiction
LEE
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Zoning DOWNTOWN · permitted uses
DOWNTOWN · 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.
Building & site characteristics
From public records
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
9
Lot
0.42 ac
Current owner
From public records · entity-resolved
Island 201 Old San Carlo Trust
Trust
Mailing address
237 OLD SAN CARLOS BLVD, FORT MYERS BEACH, FL 33931-2145
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
Island 201 Old San Carlo Trust
John W Richard
Quit Claim Deed
related
—
Feb 12, 2003
$800,000
Richard,tr
Schulz,axel & Cornelia
Grant Deed
$1,600,000 · Florida Gulf Bank
Dec 12, 1997
$575,000
Axel W Schulz
Todd,glenwood M & Arlene R
Grant Deed
$384,000 · Colonial Bank Fsb
—
—
Axel W Schulz
—
Deed Of Trust
related
$40,000 · Colonial 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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