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    Property profile & analytics

    3606 Michigan Ave Fort Myers, FL 33916-2202

    • Turn key restaurants
    • 1,752 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    $175,000
    Location Intelligence
    Property ID
    US18-1199292
    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

    • Mildred's ToGo and Catering / Southern Restaurant (Us) / Soul Food Restaurant
    • Pickles / Restaurant / American Restaurant

    Property Details for 3606 Michigan Ave

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    1,752 SF
    Zone code
    CG
    Property type
    Turn key restaurants
    APN
    18-44-25-P3-03505.0010
    APU
    184425P3035050010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $160,000

    • CAP approach

      CAP return
      Estimation
      6%
      $150,000
      6.5%
      $155,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $140,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $145,000
      Retail
      $180,000
      Mixed-Use
      $160,000
      Hospitality
      $180,000
      Educational
      $170,000
      Residential Income
      $145,000
      Energy
      $175,000
      Income-Based Land
      $160,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8406
    Latitude
    26.648
    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
    $3,693
    $10,979
    $136,287
    $147,266
    -
    $10,979
    $136,287
    $147,266

    Comparable in this City

    • Value Estimation
      $165,000
      2,080 SF

      2973 Palm Bch Blvd

      RESTAURANT • 2,080 SF
      2973 Palm Bch Blvd, Fort Myers, FL 33916-1504
      View Details
    • Value Estimation
      $280,000
      4,134 SF

      3650 Palm Bch Blvd

      RESTAURANT • 4,134 SF
      3650 Palm Bch Blvd, Fort Myers, FL 33916-3700
      View Details
    • Value Estimation by Request
      8,658 SF

      4451 Veronica S Shoemaker Blvd

      RESTAURANT • 8,658 SF
      4451 Veronica S Shoemaker Blvd, Fort Myers, FL 33916-2227
      View Details
    • Value Estimation
      $1,010,000
      2,431 SF

      3900 Palm Bch Blvd

      RESTAURANT • 2,431 SF
      3900 Palm Bch Blvd, Fort Myers, FL 33916-3730
      View Details
    • Value Estimation by Request
      8,860 SF

      4400 Kernel Cir

      RESTAURANT • 8,860 SF
      4400 Kernel Cir, Fort Myers, FL 33916-9461
      View Details
    • Value Estimation
      $190,000
      2,720 SF

      3380 Dr Martin Luther King Blvd

      RESTAURANT • 2,720 SF
      3380 Dr Martin Luther King Blvd, Fort Myers, FL 33916-2041
      View Details

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    Fort Myers, FL 33916-2202
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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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