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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Strip malls
2115 Central Ave Fort Myers, FL 33901-3906
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0375230
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,148 SF
Lot
5.66 ac (246,332 SF)
Zoning code
MT-UCTR MT-UCTR MT-UCTR M
APN
24-44-24-P2-01901.005A
UPID
US19-0375230
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
-
Team Elite Baseball Association / Organization
-
Velocity Sports Training Sports Field & Court Sports School
-
Precision Auto Body of SWFL Auto Repair Shop
-
Environmental Professional Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.09M
Blend (final)
Blend
$5.75M
Owner & transaction history
City Of Fori Myers · 2 yrs held
City Of Fori Myers
since 2023
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
MT-UCTR MT-UCTR MT-UCTR M · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+162.7%
Commercial (general)
$4.7M
+51.8%
Retail stores
$3.7M
+19.4%
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
$5,220,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,165,000
Change: +163% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,720,000
Change: +52% · Conversion: Easy
RETAIL STORES
$3,710,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,495,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±10% · vs last sale $8.00M (Oct 2 2023)
Last sale anchor
$8.00M
Oct 2 2023
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
$437 / 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
$54,486
Tax year 2023
Assessed value
$3,600,235
Assessed 2023
Previous assessed
$3,032,176
+18.7% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,427,211
Assessed improvement
$2,173,024
Land market value
$1,427,211
Improvement market value
$2,173,024
Total market value
$3,600,235
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
9
Stories
1
Bathrooms
4
Total area
13,148 SF
Lot
5.66 ac (246,332 SF)
Zoning code
MT-UCTR MT-UCTR MT-UCTR M
APN
24-44-24-P2-01901.005A
UPID
US19-0375230
Jurisdiction
LEE
Zoning & alternative use
MT-UCTR MT-UCTR MT-UCTR M · Fort Myers, FL
Zoning MT-UCTR MT-UCTR MT-UCTR M · permitted uses
MT-UCTR MT-UCTR MT-UCTR M · 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
RESTAURANT
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
9
Bathrooms
4
Lot
5.66 ac
Current owner
From public records · entity-resolved
City Of Fori Myers
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 2217, FORT MYERS, FL 33902-2217
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
$8,000,000
City Of Fori Myers
2150 Fowler Rams Plaza LLC
Warranty Deed
—
Dec 9, 2019
—
2150 Fowler Rams Plaza LLC
Ozinus Rams Plaza LLC
Quit Claim Deed
related
—
Dec 9, 2019
$1,565,000
2150 Fowler Rams Plaza LLC
Ozinus Rams Plaza LLC
Grant Deed
$1,173,750 · B1bank
Sep 13, 2013
$667,500
Ozinus Rams Plaza LLC
Wells Fargo Bk NA
Grant Deed
—
Jul 18, 2012
$81,300
Fargo Bk NA Wells
Rams Mgmt Group Inv In Coc
Trustees Deed
related
—
Sep 5, 2003
$685,000
Rams Management Group Inv
Thomas Edward Wilson INC
Grant Deed
—
Jul 24, 2000
$500,000
Thomas Edward Wilson INC
Fifth Third Bank
Grant Deed
$460,000 · Fifth Third Bank
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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