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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3427 Forum Blvd Fort Myers, FL 33905-5587

    • Hotels
    • 11,078 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimations
    $1,550,000
    Show details
    Cap Rate Potential
    6.4%
    Hotels
    Location Intelligence
    Property ID
    US18-2203101
    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

    • Holiday Inn Express & Suites Ft Myers East- The Forum, an IHG Hotel / Hotel & Motel

    Property Details for 3427 Forum Blvd

    Year built
    2009
    Construction
    FRAME
    Lot size
    2.78 lot acres
    Property size
    11,078 SF
    Zone code
    SDA
    Property type
    Hotels
    Property subtype
    Motels
    APN
    27-44-25-P3-00401.0020
    APU
    274425P3004010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.7956
    Latitude
    26.6142
    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
    $207,477
    $5,860,843
    $10,160,288
    $16,021,131
    -
    $5,860,843
    $10,160,288
    $16,021,131

    Comparable in this City

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      9,877 SF

      4171 Boatways Rd

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    • Value Estimation
      $865,000
      10,720 SF

      9701 Orange Riv Blvd

      HOTEL/MOTEL • 10,720 SF
      9701 Orange Riv Blvd, Fort Myers, FL 33905-2747
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    • Value Estimation
      $555,000
      3,136 SF

      4560 Palm Bch Blvd

      HOTEL/MOTEL • 3,136 SF
      4560 Palm Bch Blvd, Fort Myers, FL 33905-3456
      View Details
    • Value Estimation by Request
      2,418 SF

      13814 Palm Bch Blvd

      HOTEL/MOTEL • 2,418 SF
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    • Value Estimation by Request
      3,125 SF

      4541 Palm Bch Blvd

      HOTEL/MOTEL • 3,125 SF
      4541 Palm Bch Blvd, Fort Myers, FL 33905-3453
      View Details
    • Value Estimation
      $1,690,000
      18,534 SF

      2600 Champion Ring Rd

      HOTEL/MOTEL • 18,534 SF
      2600 Champion Ring Rd, Fort Myers, FL 33905-5594
      View Details

    Similar Nearby for Sale

    • $2,500,000

      I-75 Hotel Building Site

      Hotel building site on I-75, near Cracker Barrel.
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      RV Resort Lot with Shed

      North-facing RV resort lot with shed and potential patio space.
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      Laguna Caribe RV Lot Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      8,139 SF

      Industrial Warehouse with Fenced Lot

      8,139 SF warehouse with secure, fenced 4.30 AC lot.
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      1,900 SF

      Industrial Space with Fenced Yard

      Industrial property for rent with paved and fenced yard.
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    • Contact for pricing
      1,253 SF

      Retail Space at The Forum

      Retail space available in high-traffic Fort Myers location.
      3230-3268 Forum Blvd, Fort Myers, FL 33905
      View Details
    • $3,500 /Mo
      2,000 SF

      Flex Space Available For Rent

      Flex units with ground level doors and high ceilings.
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    • Contact for pricing
      34,848 SF

      Palm Beach Blvd Commercial Space

      Commercial space on Palm Beach Blvd, ideal for automotive businesses.
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    • $12 SF/Yr
      3,200 SF

      Fort Myers Warehouse: 3200 SF

      Prime Fort Myers warehouse, ready for occupancy.
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      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      2.9k
    • Avg Time on site
      432 min
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    Fort Myers, FL 33905-5587
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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