Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    382 Ortiz Ave Fort Myers, FL 33905-3614

    • Retail space
    • 2,960 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2022
    $301,763
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4386275
    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

    • Vicky's 777 Arcade / Arcade & Gaming Center / (Bike/Boat/Book/etc) Store

    Property Details for 382 Ortiz Ave

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.40 lot acres
    Property size
    2,960 SF
    Zone code
    C-1A
    Property type
    Retail space
    APN
    04-44-25-16-00009.0060
    APU
    4442516000090060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.813
    Latitude
    26.6713
    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
    $6,697
    $61,370
    $383,731
    $445,101
    -
    $61,370
    $383,731
    $445,101

    Comparable in this City

    • Value Estimation
      $1,530,000
      6,720 SF

      4300 Lexington Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,720 SF
      4300 Lexington Ave, Fort Myers, FL 33905-3240
      View Details
    • Value Estimation
      $1,085,000
      9,450 SF

      14308 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,450 SF
      14308 Palm Bch Blvd, Fort Myers, FL 33905-2321
      View Details
    • Value Estimation
      $3,030,000
      11,099 SF

      430 New York Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,099 SF
      430 New York Dr, Fort Myers, FL 33905-3466
      View Details
    • Value Estimation
      $675,000
      6,000 SF

      12538 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      12538 Palm Bch Blvd, Fort Myers, FL 33905-1906
      View Details
    • Value Estimation
      $2,525,000
      12,507 SF

      4235 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,507 SF
      4235 Palm Bch Blvd, Fort Myers, FL 33905-3412
      View Details
    • Value Estimation
      $970,000
      4,050 SF

      3415 Forum Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      3415 Forum Blvd, Fort Myers, FL 33905-5587
      View Details

    Similar Nearby for Sale

    • $32,000
      0.30 Acres

      Fort Myers Double Lot

      0.29 acre double lot in family-friendly Fort Myers neighborhood.
      310 Georgia Ave, Fort Myers, FL 33905
      View Details
    • $159,000

      RV Lot with Accessory Building

      Spacious RV lot with partially finished accessory building.
      5890 Maplewood Ct, Fort Myers, FL 33905
      View Details
    • Contact for pricing

      Land Parcel on State Road 80

      Land with highway frontage near Caloosahatchee and Orange Rivers.
      5750 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing

      Land Near I-75 and Retail

      Commercial land with high visibility near I-75 and retailers.
      9180 Forum Corporate Pkwy, Fort Myers, FL 33905
      View Details
    • $134,900

      Land For Sale

      Land available for purchase.
      5761 Brightwood Dr, Fort Myers, FL 33905
      View Details
    • $160,000

      Pavestone Lot with Unfinished Shed

      Pavestone lot with shed, electrical, plumbing, tiki hut.
      10210 Mdw Beauty Trl, Fort Myers, FL 33905
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      34,848 SF

      Palm Beach Blvd Commercial Space

      Commercial space on Palm Beach Blvd, ideal for automotive businesses.
      11230 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      44,863 SF

      Retail Space in Fort Myers

      Anchor box available in a busy shopping center.
      4901 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • $2,500 /Mo
      1,900 SF

      Industrial Space with Fenced Yard

      Industrial property for rent with paved and fenced yard.
      5882 Enterprise Pkwy, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      8,139 SF

      Industrial Warehouse with Fenced Lot

      8,139 SF warehouse with secure, fenced 4.30 AC lot.
      4750 Laredo Ave, 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.
      5701 Country Lakes Dr, Fort Myers, FL 33905
      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.
    382 Ortiz Ave
    Fort Myers, FL 33905-3614
    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

    Google sign-in failed. Please try again or use another login method.