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Property profile & analytics
FOR SALE
Office buildings
2216 Altamont Ave Fort Myers, FL 33901
Entity Owned
Free & Clear
Property ID
US18-9634612
For Sale
1 / 2
$949,500
2216 Altamont Ave, Fort Myers, FL 33901
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,721 SF
Lot
0.39 ac (17,050 SF)
Zoning code
PO
APN
23-44-24-P2-0160A.0010
UPID
US18-9634612
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
-
CPH, Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$775k
Owner & transaction history
Cabezaspace Development LLC
Cabezaspace Development LLC
since 2025
Last sale
$820,000
5 recorded transactions
Zoning & alternative use
PO · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+35.9%
Medical building
$990,000
+28.0%
Neighborhood: shopping center
$880,000
+13.9%
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
$770,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$775,000
Current use
RETAIL STORES
$1,050,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$990,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $820k (Dec 1 2025)
Last sale anchor
$820k
Dec 1 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
$208 / 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
$8,547
Tax year 2023
Assessed value
$593,027
Assessed 2023
Previous assessed
$593,027
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$148,032
Assessed improvement
$444,995
Land market value
$148,032
Improvement market value
$444,995
Total market value
$593,027
Applied tax rate
90.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
3,721 SF
Lot
0.39 ac (17,050 SF)
Zoning code
PO
APN
23-44-24-P2-0160A.0010
UPID
US18-9634612
Jurisdiction
LEE
Zoning & alternative use
PO · Fort Myers, FL
Zoning PO · permitted uses
PO · 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
OFFICE BUILDING Current
Est. value
$775,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Cabezaspace Development LLC
Entity
Free & Clear · 0 yrs held
Mailing address
9450 CORKSCREW PALMS CIR, ESTERO, FL 33928-6422
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$820,000
Cabezaspace Development LLC
2216 Altamont LLC
Special Warranty Deed
—
Aug 19, 2020
$600,000
2216 Altamont LLC
Ft Myers Holdings LLC
Grant Deed
$480,000 · Ft Myers Holdings LLC
Dec 28, 2007
$595,000
Ft Myers Holding LLC
Pekol,robert M
Warranty Deed
—
Jul 26, 2004
$445,000
Robert M Pekol
Mdai Building Ptshp LLP
Warranty Deed
$356,000 · First National Bank Florida
—
—
Mdai Building Partnership
—
Deed Of Trust
related
$164,000 · South Florida 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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