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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Commercial land
2870 Estero Blvd Fort Myers Beach, FL 33931-3506
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-8663691
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Construction
WOOD FRAME
Total area
4,210 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CR
APN
30-46-24-W2-003M0.0160
UPID
US18-8663691
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
$2.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.55M
Owner & transaction history
Fmbl Sandy Beach 2870 LLC · 4 yrs held
Fmbl Sandy Beach 2870 LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
CR · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial Resort
General category
COMMERCIAL
Zone area
32.10 ac
Source
Realmo
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$2,575,000
ML approach
$2,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.50M (Jul 26 2022)
Last sale anchor
$2.50M
Jul 26 2022
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
$606 / 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
$6,752
Tax year 2023
Assessed value
$455,410
Assessed 2023
Previous assessed
$611,912
-25.6% YoY
Effective rate
1.48%
On assessed value
Assessed land
$455,400
Assessed improvement
$10
Land market value
$455,400
Improvement market value
$10
Total market value
$455,410
Applied tax rate
32.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
2
Bathrooms
1
Total area
4,210 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CR
APN
30-46-24-W2-003M0.0160
UPID
US18-8663691
Jurisdiction
LEE
Zoning & alternative use
CR · Fort Myers Beach, FLZoning CR · permitted uses
CR · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial Resort
General category
COMMERCIAL
Zone area
32.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Fmbl Sandy Beach 2870 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
10317 SE 28TH PL, BEAUX ARTS, WA 98004-7457
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
$2,500,000
Fmbl Sandy Beach 2870 LLC
Bc Masterpriece LLC
Special Warranty Deed
—
Aug 3, 2020
$1,020,000
Bc Masterpiece LLC
Myerside Sandy Bch In Trust Ltd
Warranty Deed
$640,000 · Myerside Sandy Bch In Tr Ltd
Mar 21, 2019
$100
Myerside Sandy Bch In Trust Ltd
Sandy Beach Fmb LLC
Warranty Deed
—
Mar 19, 2018
—
Sandy Beach Fmb LLC
Sandy Beach LLC
Quit Claim Deed
—
Feb 23, 2018
—
Sandy Beach LLC
Myerside Sandy Beach In Trust Ltd
Quit Claim Deed
related
—
May 22, 2017
$550,000
Myerside Sandy Beach In Trust Ltd
Shri Suryay LLC
Warranty Deed
—
May 10, 2017
—
Shri Suryay LLC
Patel,tarun I
Grant Deed
—
Apr 17, 2017
$360,000
Tarun I Patel
Fort Myers Beach Hideaway LLC
Warranty Deed
—
Sep 1, 2009
$405,000
Fort Myers Beach Hideaway LLC
First Cmnty Bk Of Southwest Flori
Warranty Deed
—
Apr 27, 2009
$100
Community Bank Of Cape Coral
Sandy Beach Hideaway Fmb LLC
Trustees Deed
related
—
Nov 9, 2004
$800,000
Sandy Beach Hideaway Fmb LLC
Sandy Beach Hideaway INC
Warranty Deed
related
$625,000 · Community Bank Cape Coral
—
—
Fort Myers Beach Hideaway LLC
—
Deed Of Trust
related
$676,000 · Bmo Harris Bank
—
—
Sandy Beach Hideaway INC
—
Deed Of Trust
related
$260,000 · Suntrust Bank NA
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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