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    Property profile & analytics

    3615 Michigan Ave Fort Myers, FL 33916-2201

    • Grocery and convenience stores
    • 1,366 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Location Intelligence
    Property ID
    US18-5099227
    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

    • Lias Grocery / Grocery Store
    • LibertyX Bitcoin ATM / Atm
    • Bitcoin Depot | Bitcoin ATM / Atm / Crypto Atm
    • Eat Good Sleep Better / Restaurant

    Property Details for 3615 Michigan Ave

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    1,366 SF
    Zone code
    CG
    Property type
    Grocery and convenience stores
    APN
    17-44-25-P1-00023.0000
    APU
    174425P1000230000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $190,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $170,000
      Mixed-Use
      $210,000
      Hospitality
      $195,000
      Educational
      $215,000
      Residential Income
      $175,000
      Energy
      $230,000
      Income-Based Land
      $185,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.838
    Latitude
    26.6488
    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
    $2,265
    $30,904
    $80,873
    $111,777
    -
    $30,904
    $80,873
    $111,777

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      3006 Palm Bch Blvd

      CONVENIENCE STORE • 1,120 SF
      3006 Palm Bch Blvd, Fort Myers, FL 33916-1507
      View Details
    • Value Estimation
      $2,135,000
      6,400 SF

      3842 Palm Bch Blvd

      GROCERY, SUPERMARKET • 6,400 SF
      3842 Palm Bch Blvd, Fort Myers, FL 33916-3738
      View Details
    • Value Estimation
      $155,000
      1,440 SF

      3700 Dr Martin Luther King Blvd

      CONVENIENCE STORE • 1,440 SF
      3700 Dr Martin Luther King Blvd, Fort Myers, FL 33916-4637
      View Details
    • Value Estimation by Request
      1,428 SF

      3915 Dr Martin Luther King Blvd

      CONVENIENCE STORE • 1,428 SF
      3915 Dr Martin Luther King Blvd, Fort Myers, FL 33916-4805
      View Details
    • Value Estimation by Request
      2,600 SF

      2948 Hanson St

      CONVENIENCE STORE • 2,600 SF
      2948 Hanson St, Fort Myers, FL 33916-7508
      View Details
    • Value Estimation
      $695,000
      693 SF

      4087 Palm Bch Blvd

      CONVENIENCE STORE • 693 SF
      4087 Palm Bch Blvd, Fort Myers, FL 33916-3408
      View Details

    Similar Nearby for Sale

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      Commercial building on a high-traffic thoroughfare in Fort Myers.
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    Similar Nearby for Lease

    • Contact for pricing
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    • $13 SF/Yr
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    • $11 SF/Yr
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      Fort Myers Industrial Property For Rent

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    • Contact for pricing
      4,560 SF

      Industrial Flex Space Available

      Multi-tenant industrial flex park with grade-level doors for rent.
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    • $19 SF/Yr
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      Ironwood Center: Fort Myers Office

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      View Details
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    3615 Michigan Ave
    Fort Myers, FL 33916-2201
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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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