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Property profile & analytics
OFF-MARKET
Estimated value
$13,870,000
Hotels
23161 Via Coconut Pt, Estero, FL 33928-8362
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6089995
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,940 SF
Lot
2.27 ac (98,735 SF)
Zoning code
MPD
APN
09-47-25-E2-36000.0070
UPID
US18-6089995
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
$11.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.77M
Blend (final)
Blend
$13.87M
Owner & transaction history
Countryside Hotels LLC · 3 yrs held
Countryside Hotels LLC
since 2023
Last sale
$13.6M
5 recorded transactions
Zoning & alternative use
MPD · Estero, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.9M
+30.9%
Commercial (general)
$10.5M
+15.3%
Restaurant
$9.8M
+7.4%
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 Estero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Estero 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
$14,725,000
ML approach
$11,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,125,000
Current use
AUTO REPAIR, GARAGE
$11,945,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,520,000
Change: +15% · Conversion: Difficult
RESTAURANT
$9,800,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$13.87M
Range $12.48M – $15.26M · ±10% · vs last sale $13.55M (Jun 20 2023)
Last sale anchor
$13.55M
Jun 20 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
$819 / 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
$199,127
Tax year 2023
Assessed value
$20,021,757
Assessed 2023
Previous assessed
$13,910,661
+43.9% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,394,130
Assessed improvement
$16,627,627
Land market value
$3,394,130
Improvement market value
$16,627,627
Total market value
$20,021,757
Applied tax rate
316.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
4
Bathrooms
114
Total area
16,940 SF
Lot
2.27 ac (98,735 SF)
Zoning code
MPD
APN
09-47-25-E2-36000.0070
UPID
US18-6089995
Jurisdiction
LEE
Zoning & alternative use
MPD · Estero, FL
Zoning MPD · permitted uses
MPD · Estero, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Estero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$10.5M
RESTAURANT
Est. value
$9.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
114
Lot
2.27 ac
Current owner
From public records · entity-resolved
Countryside Hotels LLC
Entity
Mailing address
762 BRKS AVE, ROCHESTER, NY 14619-2234
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
$13,550,000
Countryside Hotels LLC
Estero Hotel Associates LLC
Special Warranty Deed
—
Mar 23, 2020
—
Estero Hotel Associates LLC
—
Deed
related
$11,400,000 · First Horizon Bk
—
—
Estero Hotel Associates LLC
—
Deed Of Trust
related
$12,000,000 · Valley View St Bk
—
—
Estero Hotel Associates LLC
—
Loan Modification
related
$12,000,000 · Valley View St Bk
—
—
Estero Hotel Associates LLC
—
Deed Of Trust
related
$11,400,000 · First Horizon Bk
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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