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    Property profile & analytics

    3340 Dr Martin Luther King Blvd Fort Myers, FL 33916-2041

    • Retail space
    • 2,400 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    May 21, 2021
    $300,000
    Location Intelligence
    Property ID
    US18-2516438
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 3340 Dr Martin Luther King Blvd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    2,400 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    19-44-25-P2-0050E.0010
    APU
    194425P20050E0010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $285,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $300,000
      Mixed-Use
      $290,000
      Hospitality
      $350,000
      Educational
      $305,000
      Residential Income
      $320,000
      Energy
      $285,000
      Income-Based Land
      $360,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8451
    Latitude
    26.6408
    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
    $4,202
    $44,012
    $238,337
    $282,349
    -
    $44,012
    $238,337
    $282,349

    Comparable in this City

    • Value Estimation by Request
      11,642 SF

      3771 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,642 SF
      3771 Palm Bch Blvd, Fort Myers, FL 33916-3725
      View Details
    • Value Estimation by Request
      768 SF

      3102 Lincoln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      3102 Lincoln Blvd, Fort Myers, FL 33916-4139
      View Details
    • Value Estimation by Request
      6,817 SF

      3561 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,817 SF
      3561 Palm Bch Blvd, Fort Myers, FL 33916-3706
      View Details
    • Value Estimation by Request
      4,679 SF

      2901 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,679 SF
      2901 Palm Bch Blvd, Fort Myers, FL 33916-1504
      View Details
    • Value Estimation by Request
      11,550 SF

      2995 Hanson St, Unit 3005

      RETAIL STORES (PERSONAL SERVICES) • 11,550 SF
      2995 Hanson St, Fort Myers, FL 33916-7507
      View Details
    • Value Estimation
      $1,050,000
      8,480 SF

      3300 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,480 SF
      3300 Palm Bch Blvd, Fort Myers, FL 33916-3763
      View Details

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    Fort Myers, FL 33916-2041
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    Realmo Value Estimation

    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.

    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.

    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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