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    2120 Collier Ave, Unit 2150 Fort Myers, FL 33901-8125
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    Property profile & analytics

    2120 Collier Ave, Unit 2150, Fort Myers, FL 33901-8125

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    • Office buildings
    • 17,288 SF
    • 4.64 lot acres
    Off-Market
    Last Sale Jan 6, 2026
    $4,150,000
    Property ID
    US18-4223207
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Destiny House Transitional Living At NLDC / Charitable Organization / Social Service Agency
    • New Life Worship Center-Fort Myers, FL / Church

    Property Details for 2120 Collier Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.64 lot acres
    Zone code
    PUD
    Property type
    Office buildings
    APN
    36-44-24-P1-00500.0030
    APU
    364424P1005000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 6, 2026 $4,150,000 Collier Avenue LLC True Tabernacle Of Jesus Christ Int Warranty Deed —
    Apr 13, 2022 $3,475,000 Vral Tabernacle De Jesus Christ INC Word Of Life Ministries INC Warranty Deed $2.4M · Word Of Life Ministries Inco
    Mar 31, 2020 — Word Of Life Ministries INC — Deed · related $2.6M · First Horizon Bk
    Jul 11, 2016 — Word Of Life Ministries INC — Deed · related $1.4M · First Cmnty Bk/sw Fl
    Oct 9, 2008 — Word Of Life Ministries INC Word Of Life Ministry World Outre Quit Claim Deed —
    Jul 1, 2008 — Word Of Life Ministry World Outre Word Of Life Ministries INC Quit Claim Deed —
    — — Word Of Life Ministries INC — Deed Of Trust · related $1.6M · First Community Bank Sw Fl
    — — Word Of Life Ministries INC — Deed Of Trust · related $1M · Fifth Third Bank
    — — Word Of Life Ministries INC — Deed Of Trust · related $2.6M · First Horizon Bk
    — — Word Of Life Ministries INC — Loan Modification · related $1.4M · First Cmnty Bk/sw Fl
    — — Word Of Life Ministries INC — Deed Of Trust · related $1.9M · First Community Bank Sw Fl

    Description

    This exceptional 53,244-square-foot property in Fort Myers, Florida, presents a unique investment opportunity. Situated on a 4.64-acre lot zoned CG, this multi-building campus offers diverse income streams and significant expansion potential. The main building, a 18,440-square-foot sanctuary, features ample seating, a stage, baptismal, band area, fellowship hall, welcome center, and a wired sound studio. All buildings are equipped with fire safety systems, including sprinklers and Starlink. A second building, approximately 18,000 square feet, currently serves as a dormitory but is easily adaptable for school use, including offices, showers, and a full commercial kitchen. A third building provides retail space with several existing tenants, generating additional income at an average rate of $14 per square foot. The property boasts ample, recently repaved parking and additional courtyards. Built in 1981, this property offers a 7.76% pro-forma cap rate and a $760,440 pro-forma NOI, with an asking price of $9,800,000 ($184.06/sq ft). One loading dock and one dock-high door are available. This adaptable space aligns perfectly with the Downtown Expansion Redevelopment plan, making it an ideal investment for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $3,985,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,280,000
      6.5%
      $4,875,000
      7%
      $4,525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,184,000
      Market price range: $1.84M - $6.03M
      AI Estimate
      $3,183,000
      Market price range: $1.17M - $4.38M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,590,000
      Current use
      COMMERCIAL (GENERAL)
      $6,205,000
      Change: +73% Conversion: Easy
      RETAIL STORES
      $4,880,000
      Change: +36% Conversion: Moderate
      MEDICAL BUILDING
      $4,595,000
      Change: +28% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,090,000
      Change: +14% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,365,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8691
    Latitude
    26.6073
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $912
    $504,825
    $2,971,628
    $3,476,453
    -
    $504,825
    $2,971,628
    $3,476,453

    Comparable in this City

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      2229 Unity Ave

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    • Value Estimation
      $815,000
      3,574 SF

      2080 Mcgregor Blvd, Unit 1

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $1,300,000
      5,199 SF

      2041 Mcgregor Blvd, Unit 2051

      OFFICE BUILDING (MULTI-STORY)
      2041 Mcgregor Blvd, Fort Myers, FL 33901-3416
      View Details
    • Value Estimation
      $3,085,000
      21,792 SF

      3660 Broadway

      OFFICE BUILDING (MULTI-STORY)
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      View Details

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    Fort Myers, FL 33901-8125
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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