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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Theaters & concert halls
2101 Edwards Dr Fort Myers, FL 33901
Individually Owned
Free & Clear
Property ID
US18-2774955
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
2022
Construction
STEEL FRAME
Total area
203 SF
Lot
2.15 ac (93,698 SF)
Zoning code
CIVIC
APN
13-44-24-P4-00003.0000
UPID
US18-2774955
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
-
Caloosa Sound Amphitheater Theater & Performing Art Venue Music Venue
-
Look Out Pier Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
CITY FORT MYERS
CITY FORT MYERS
Zoning & alternative use
CIVIC · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Civic areas are to include government owned and wholly publicly used properties intended to remain in public use and ownership. Properties designated as civic shall be required to be developed through the planned unit development process.
Zone name
Civic
General category
PLANNED_DEVELOPMENT
Zone area
50.33 ac
Source
Realmo
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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$1,897 / 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
$1,654
Tax year 2023
Assessed value
$3,120,313
Assessed 2023
Previous assessed
$2,876,080
+8.5% YoY
Effective rate
0.05%
On assessed value
Assessed land
$2,810,940
Assessed improvement
$309,373
Land market value
$2,810,940
Improvement market value
$309,373
Total market value
$3,120,313
Applied tax rate
91.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
203 SF
Lot
2.15 ac (93,698 SF)
Zoning code
CIVIC
APN
13-44-24-P4-00003.0000
UPID
US18-2774955
Jurisdiction
LEE
Zoning & alternative use
CIVIC · Fort Myers, FLZoning CIVIC · permitted uses
CIVIC · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Civic areas are to include government owned and wholly publicly used properties intended to remain in public use and ownership. Properties designated as civic shall be required to be developed through the planned unit development process.
Zone name
Civic
General category
PLANNED_DEVELOPMENT
Zone area
50.33 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2022
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
CITY FORT MYERS
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 2217, FORT MYERS, FL 33902-2217
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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