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Property profile & analytics
OFF-MARKET
Turn key restaurants
3650 Palm Bch Blvd Fort Myers, FL 33916-3700
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-1213109
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,134 SF
Lot
0.92 ac (39,902 SF)
Zoning code
C1
APN
08-44-25-P4-01605.0000
UPID
US18-1213109
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
-
China Buffet Restaurant
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
China Buffet · 16 yrs held
China Buffet
since 2010
7 recorded transactions
Zoning & alternative use
C1 · 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
$9,184
Tax year 2023
Assessed value
$347,518
Assessed 2023
Previous assessed
$343,771
+1.1% YoY
Effective rate
2.64%
On assessed value
Assessed land
$80,371
Assessed improvement
$267,147
Land market value
$80,371
Improvement market value
$267,147
Total market value
$347,518
Applied tax rate
89.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
4,134 SF
Lot
0.92 ac (39,902 SF)
Zoning code
C1
APN
08-44-25-P4-01605.0000
UPID
US18-1213109
Jurisdiction
LEE
Zoning & alternative use
C1 · Fort Myers, FL
Zoning C1 · permitted uses
C1 · 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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
China Buffet
Individual
Mailing address
3650 PALM BCH BLVD, FORT MYERS, FL 33916-3700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2010
$302,000
China Buffet
Fifth Third Bank
Warranty Deed
$225,000 · First Bank
May 19, 2010
$700
Fifth Third Bk
Patras-venetis,joanne Coc
Trustees Deed
related
—
Oct 22, 2001
$225,000
Joanne P Venetis
Grandys INC
Grant Deed
$225,000 · Florida Community Bank
—
—
Joanne P Venetis
—
Deed Of Trust
related
$100,000 · Tib Bank Of The Keys
—
—
Thomas Venetis
—
Deed Of Trust
related
$112,000 · Us Small Business Admn
—
—
Thomas Venetis
—
Deed Of Trust
related
$63,000 · Us Small Business Admn
—
—
Joanne P Venetis
—
Deed Of Trust
related
$225,000 · Florida Community Bank
—
—
Thomas Venetis
—
Deed Of Trust
related
$485,392 · First National Bank Florida
—
—
Thomas Venetis
—
Deed Of Trust
related
$47,000 · Us Small Business Admn
—
—
Thomas Venetis
—
Deed Of Trust
related
$4,900 · Us Small Business Admn
—
—
Thomas Venetis
—
Deed Of Trust
related
$75,700 · Us Small Business Admn
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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