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Property profile & analytics
FOR SALE
Community centers
20350 Summerlin Rd Fort Myers, FL 33908
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-3667944
For Sale
1 / 20
$10,225,000
20350 Summerlin Rd, Fort Myers, FL 33908
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
FRAME
Total area
61,444 SF
Lot
23.13 ac (1,007,543 SF)
Zoning code
CC
APN
02-46-23-00-00012.0000
UPID
US18-3667944
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
-
Hertz Car Rental Facility
-
Aveda Salon by Design AVEDA Hair Salon Nail Salon
-
Tommy Hilfiger Clothing Store Fashion Accessories Store
-
Lids Hat Shop
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.23M
Owner & transaction history
Bell Tower Campus Inn LP · 10 yrs held
Bell Tower Campus Inn LP
since 2016
3 recorded transactions
Zoning & alternative use
CC · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.3M
+12.4%
Retail stores
$16.0M
+10.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,530,000
Current use
MEDICAL BUILDING
$16,330,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$16,000,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$13,295,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$10.23M
Range $9.20M – $11.25M · ±10%
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
$166 / 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
$147,045
Tax year 2023
Assessed value
$20,150,870
Assessed 2023
Previous assessed
$21,052,300
-4.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$20,150,860
Assessed improvement
$10
Land market value
$20,150,860
Improvement market value
$10
Total market value
$20,150,870
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
61,444 SF
Lot
23.13 ac (1,007,543 SF)
Zoning code
CC
APN
02-46-23-00-00012.0000
UPID
US18-3667944
Jurisdiction
LEE
Zoning & alternative use
CC · Fort Myers, FL
Zoning CC · permitted uses
CC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.5M
MEDICAL BUILDING
Est. value
$16.3M
RETAIL STORES
Est. value
$16.0M
WAREHOUSE, STORAGE
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
23.13 ac
Current owner
From public records · entity-resolved
Bell Tower Campus Inn LP
Entity
Free & Clear · 10 yrs held
Mailing address
300 S THAYER ST, ANN ARBOR, MI 48104-1608
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Helms Bay Landing Ltd
—
Deed
related
$5,250,000 · Optus Bank
Jan 13, 2016
$26,000,000
Bell Tower Campus Inn LP
Tanger Properties LP
Grant Deed
—
Jul 31, 1998
$27,650,000
Tanger Properties LP
R R Sanibel INC
Grant Deed
—
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?”
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