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Property profile & analytics
FOR SALE
Medical Office Space
2621 Cleveland Ave Fort Myers, FL 33901
Individually Owned
~
Est. High Equity
Property ID
US18-1445774
For Sale
1 / 66
$900,000
2621 Cleveland Ave, Fort Myers, FL 33901
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,376 SF
Lot
0.42 ac (18,426 SF)
Zoning code
C1
APN
24-44-24-P4-01402.0130
UPID
US18-1445774
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
-
PrimeLife Health Physician
-
Riverchase Dermatology Medical Clinic
-
Cano Health - Cleveland Ave Medical Clinic
-
Riverchase Dermatology and Cosmetic Surgery Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Cleveland Ave Twenty Six Twenty One
Cleveland Ave Twenty Six Twenty One
since 2025
Last sale
$680,000
5 recorded transactions
Zoning & alternative use
C1 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+35.0%
Retail stores
$670,000
+6.2%
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
$740,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +35% · Conversion: Easy
RETAIL STORES
$670,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $680k (May 7 2025)
Last sale anchor
$680k
May 7 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
$299 / 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
$3,401
Tax year 2023
Assessed value
$104,879
Assessed 2023
Previous assessed
$104,879
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$46,338
Assessed improvement
$58,541
Land market value
$46,338
Improvement market value
$58,541
Total market value
$104,879
Applied tax rate
256.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,376 SF
Lot
0.42 ac (18,426 SF)
Zoning code
C1
APN
24-44-24-P4-01402.0130
UPID
US18-1445774
Jurisdiction
LEE
Zoning & alternative use
C1 · Fort Myers, FL
Zoning C1 · permitted uses
C1 · 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
MEDICAL BUILDING Current
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$855,000
RETAIL STORES
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Cleveland Ave Twenty Six Twenty One
Individual
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
Aug 7, 2025
$680,000
Cleveland Ave Twenty Six Twenty One
2621 Cleveland LLC
Warranty Deed
$510,000 · Bank Of America NA
Sep 17, 2020
$575,000
2621 Cleveland LLC
Ajdtefm LLC
Warranty Deed
$460,000 · Ajdtfm LLC
May 1, 2013
$300,000
Ajdtfm LLC
Morris,dareld R II
Warranty Deed
—
Aug 27, 2004
$312,000
Dareld R Morris II
Csl & G Dev Ltd
Warranty Deed
$249,600 · Csl&g Dev Ltd
—
—
C S L & G Development Ltd
—
Deed Of Trust
related
$152,000 · First National Bank Ft Myers
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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