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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Hotels
20371 Summerlin Rd Fort Myers, FL 33908-3706
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4020556
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
CONCRETE
Total area
20,205 SF
Lot
3.52 ac (153,157 SF)
Zoning code
CPD
APN
11-46-23-06-00000.0050
UPID
US18-4020556
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
-
Everglades Day Safari: Sanibel Pickup Tour Operator (Bike/Boat/Book/etc) Store
-
20371 Summerlin Rd Parking Parking Lot & Garage
-
Residence Inn Fort Myers Sanibel Hotel & Motel
-
Edison's Estate in Ft. Myers Resort
-
Fairfield Suites Lee Locums Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
Sanibel Beach Pl Hotel LLC · 18 yrs held
Sanibel Beach Pl Hotel LLC
since 2007
6 recorded transactions
Zoning & alternative use
CPD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±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
$120 / 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
$236,717
Tax year 2023
Assessed value
$24,532,487
Assessed 2023
Previous assessed
$17,350,905
+41.4% YoY
Effective rate
0.96%
On assessed value
Assessed land
$3,545,278
Assessed improvement
$20,987,209
Land market value
$3,545,278
Improvement market value
$20,987,209
Total market value
$24,532,487
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
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
6
Bathrooms
127
Total area
20,205 SF
Lot
3.52 ac (153,157 SF)
Zoning code
CPD
APN
11-46-23-06-00000.0050
UPID
US18-4020556
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · 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
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
6
Bathrooms
127
Lot
3.52 ac
Current owner
From public records · entity-resolved
Sanibel Beach Pl Hotel LLC
Entity
Free & Clear · 18 yrs held
Mailing address
60 POINTE CIR, GREENVILLE, SC 29615-3568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
May 19, 2016
—
Sanibel Beach Place Hotel LLC
—
Deed
related
$13,600,000 · Bankunited Fsb
Dec 1, 2007
—
Sanibel Beach Pl Hotel LLC
Owner Name Unavailable
Grant Deed
related
—
Aug 2, 2006
$1,935,000
Jhm Garners Ferry Hotel LLC
Sanibel Causeway Hotel Ltd
Grant Deed
—
Oct 19, 2005
$1,075,000
Sanibel Causeway Hotel Ltd
Sanibel Bch Place Of Southwest Fl
Warranty Deed
related
—
—
—
Sanibel Beach Place Hotel LLC
—
Loan Modification
related
$13,600,000 · Bankunited Fsb
—
—
Sanibel Beach Place Hotel LLC
—
Loan Modification
related
$13,600,000 · Bankunited 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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