Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3621 Winkler Ave, Unit 3699 Fort Myers, FL 33916-9433
    Back to Search
    Property profile & analytics

    3621 Winkler Ave, Unit 3699, Fort Myers, FL 33916-9433

    View on Map
    • Garden apartment buildings
    • 4,521 SF
    • 17.11 lot acres
    Off-Market
    Property ID
    US18-4430773
    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.
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    5.4%
    Garden apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 3621 Winkler Ave

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    17.11 lot acres
    Zone code
    CG
    Property type
    Garden apartment buildings
    APN
    32-44-25-P1-00061.0000
    APU
    324425P1000610000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2020 $96,000,000 Dasag Retreat Vista Lake LLC Sienna Vista Fee Owner LLC Grant Deed $75M · Pfp Hldg Co Vi LLC
    Jul 31, 2017 $66,000,000 Sienna Vista Fee Owner LLC Sienna Owner LP Grant Deed · related $54.4M · Holliday Fenoglio Fowler
    Aug 13, 2015 $53,400,000 Sienna Owner LP Gs Beach Club LLC Grant Deed —
    Apr 9, 2004 $40,187,500 Fm Properties II Ltd Erp Operating Grant Deed $32.2M · Key Bank & Trust
    — — Gs Beach Club LLC — Deed Of Trust · related $28.4M · Grandbridge Real Est Capital

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,035,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $925,000
      6.5%
      $855,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,033,000
      Market price range: $282k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,650,000
      AUTO REPAIR, GARAGE
      $925,000
      OFFICE BUILDING
      $790,000
      RETAIL STORES
      $680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8385
    Latitude
    26.6069
    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
    $1,024,295
    $14,021,120
    $41,431,383
    $55,452,503
    -
    $14,021,120
    $41,431,383
    $55,452,503

    Comparable in this City

    • Value Estimation
      $665,000
      3,428 SF

      3331 Riverside Dr

      GARDEN APT, COURT APT (5+ UNITS)
      3331 Riverside Dr, Fort Myers, FL 33916-1457
      View Details
    • Value Estimation by Request

      2773 Ortiz Ave

      Multifamily properties
      2773 Ortiz Ave, Fort Myers, FL 33916
      View Details
    • Value Estimation by Request
      24,900 SF

      2741 1St St

      Individual retail properties
      2741 1St St, Fort Myers, FL 33916
      View Details
    • Value Estimation by Request
      1,500 SF

      2080 Fountain St

      BOARDING/ROOMING HOUSE
      2080 Fountain St, Fort Myers, FL 33916-4428
      View Details
    • Value Estimation by Request
      2,514 SF

      2081 Fountain St

      BOARDING/ROOMING HOUSE
      2081 Fountain St, Fort Myers, FL 33916-4427
      View Details
    • Value Estimation
      $835,000
      4,000 SF

      6880-6920 Msn Ln

      BOARDING/ROOMING HOUSE
      6880-6920 Msn Ln, Fort Myers, FL 33916
      View Details

    Similar Nearby for Sale

    • $235,000
      0.17 Acres

      Fort Myers Duplex Opportunity

      Duplex with two units near downtown Fort Myers.
      2212 Quality Life Ctr Way, Fort Myers, FL 33916
      View Details
    • $399,000
      0.34 Acres

      Renovated Duplex Near Downtown

      Completely renovated duplex in historic Fort Myers, near downtown.
      2648 Michigan Ave, Fort Myers, FL 33916
      View Details
    • $445,000
      Pending

      Fully Rented Triplex Near Downtown

      Triplex near downtown Fort Myers, ideal for investment or Airbnb.
      2748 Orange St, Fort Myers, FL 33916
      View Details
    • $399,900
      0.17 Acres

      Updated Duplex in Dean Park

      Renovated duplex near downtown Fort Myers' shops and restaurants.
      2615/2617 Michigan Ave, Fort Myers, FL 33916
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,008 SF

      Ironwood Center: Fort Myers Office

      Prime Fort Myers Executive Suite, 3008 sq ft
      4300 Ford St, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      3,000 SF

      Improved Office Space For Rent

      Centrally located office space with private offices and conference rooms.
      4300 Ford St, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      2,280 SF

      Industrial Flex Space Available

      Multi-tenant industrial flex park with grade-level doors for lease.
      2853 Work Dr, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      1,120 SF

      Retail Development in Fort Myers

      Future retail development with drive-thru space in Fort Myers.
      1211 Seaboard St, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      9 SF

      9.21 Acres IOS Land Lease

      9.21 acres of land with outdoor storage, for lease.
      3905 Hanson St, Fort Myers, FL 33916
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3621 Winkler Ave, Unit 3699
    Fort Myers, FL 33916-9433
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3621 Winkler Ave, Fort Myers, FL, 33916
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!