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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Grocery and convenience stores
2119 Laurel Ln North Fort Myers, FL 33917-1913
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1612009
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,835 SF
Lot
0.6 ac (26,000 SF)
Zoning code
CPD
APN
25-43-24-03-00070.002A
UPID
US18-1612009
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$885k
Owner & transaction history
Am & Pm Grocery INC · 1 yrs held
Am & Pm Grocery INC
since 2025
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
CPD · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+51.8%
Office building
$1.1M
+15.8%
Medical building
$1.0M
+12.4%
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$835,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Current use
COMMERCIAL (GENERAL)
$1,375,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$1,050,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$1,020,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$725,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $900k (Apr 30 2025)
Last sale anchor
$900k
Apr 30 2025
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
$231 / 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
$5,273
Tax year 2023
Assessed value
$343,616
Assessed 2023
Previous assessed
$343,616
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$104,385
Assessed improvement
$239,231
Land market value
$104,385
Improvement market value
$239,231
Total market value
$343,616
Applied tax rate
39.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,835 SF
Lot
0.6 ac (26,000 SF)
Zoning code
CPD
APN
25-43-24-03-00070.002A
UPID
US18-1612009
Jurisdiction
LEE
Zoning & alternative use
CPD · North Fort Myers, FL
Zoning CPD · permitted uses
CPD · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Am & Pm Grocery INC
Entity
Mailing address
12767 EQUESTRIAN TRL, DAVIE, FL 33330-1266
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 30, 2025
$900,000
Am & Pm Grocery INC
2119 Laurel LLC
Warranty Deed
$397,500 · Velocity Commercial Capital LLC
Oct 27, 2010
$21,900
Mohammad D Hossain
Banc Of America Mtg Secs INC
Grant Deed
—
Apr 25, 2008
—
2119 Laurel LLC
Network Property Invs INC
Quit Claim Deed
related
—
Apr 26, 2001
$80,400
Network Property Investments
Frankel,harold J
Grant Deed
$70,000 · Frankel Trust
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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