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Property profile & analytics
OFF-MARKET
Warehouses
3422 Palm Ave Fort Myers, FL 33901-7432
Individually Owned
Absentee Owner
Free & Clear
Property ID
US18-4670087
Property summary
AI-generated overview
This exceptional 35,282 square foot self-storage facility in Fort Myers, Florida, presents a lucrative investment opportunity. Located at 3422 Palm Ave, near Palm Ave, this property sits on a 2.74-acre lot (119,616 sq ft) and is zoned IL. The Lee County property (APN: 25-44-24-P3-00100.048A) currently has 3,000 square feet of vacant space, with a minimum divisible unit size of 300 square feet. The facility features multiple tenancies, offering flexibility for various storage needs. Individual units boast 9-foot clear height, roll-up doors, and man doors. Amenities include newly painted units, coded gate entry, 24/7 video surveillance, and drive-up access. While units currently lack individual electrical service, the property's high demand and convenient location in the Fort Myers submarket make it an attractive investment. The property is ideal for an investor seeking immediate income generation and potential for future expansion. This is a rare opportunity to acquire a well-maintained self-storage facility in a thriving Florida market.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,107 SF
Lot
2.74 ac (119,365 SF)
Zoning code
IL
APN
25-44-24-P3-00100.048A
UPID
US18-4670087
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
-
All Purpose Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mhc 349 Palm Avenue Fort Myers Fl L
Mhc 349 Palm Avenue Fort Myers Fl L
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,837
Tax year 2023
Assessed value
$1,684,446
Assessed 2023
Previous assessed
$1,105,469
+52.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$479,668
Assessed improvement
$1,204,778
Land market value
$479,668
Improvement market value
$1,204,778
Total market value
$1,684,446
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Bathrooms
2
Total area
5,107 SF
Lot
2.74 ac (119,365 SF)
Zoning code
IL
APN
25-44-24-P3-00100.048A
UPID
US18-4670087
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FL
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
2
Lot
2.74 ac
Current owner
From public records · entity-resolved
Mhc 349 Palm Avenue Fort Myers Fl L
Individual
Free & Clear · 0 yrs held
Mailing address
4007 DEAN MARTIN DR, LAS VEGAS, NV 89103-4137
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Mhc 349 LLC
—
Deed
related
$200,000,000 · Citibank NA
Jul 23, 2025
$1,382,500
Mhc 349 Palm Avenue Fort Myers Fl L
All Purpose Storage Fort Myers LLC
Special Warranty Deed
—
Dec 13, 2023
$1,260,000
All Purpose Storage Fort Myers LLC
Pinnacle Development Company Ltd Ll
Warranty Deed
$2,000,000 · Pfg Fund II LLC
Dec 1, 2023
—
All Purpose Storage Fort Myers LLC
Pinnacle Development Company Ltd Ll
Agreement Of Sale
—
Mar 23, 2023
—
All Purpose Storage Fort Myers LLC
Pinnacle Development Company Ltd
Agreement Of Sale
—
Jul 22, 2016
—
Pinnacle Dev Co Ltd LLC
—
Deed
related
$325,000 · Branch Bk&tr
Oct 28, 2002
$25,000
Suncoast Contractors Supply
C S L & G Development Ltd
Grant Deed
—
—
—
Pinnacle Dev Co Ltd LLC
—
Deed Of Trust
related
$325,000 · Branch Bk&tr
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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