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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
3841 Palm Bch Blvd Fort Myers, FL 33916-3771
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2226232
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,000 SF
Lot
0.37 ac (16,020 SF)
Zoning code
C1
APN
08-44-25-P1-01502.0020
UPID
US18-2226232
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
-
Auto Plus Auto Parts Auto Parts Store
-
MJ Automotive & Industrial Machine LLC Industrial Manufacturer
-
AAA AXLES, DBA HOODS MACHINE SHOP Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.00M
Owner & transaction history
El Quetzal Investments Corp · 1 yrs held
El Quetzal Investments Corp
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C1 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+37.8%
Office building
$1.1M
+5.2%
Medical building
$1.1M
+2.1%
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
Method
Estimation
Statistic approach
$985,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,040,000
Current use
COMMERCIAL (GENERAL)
$1,435,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$1,095,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$1,065,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.09M (May 28 2025)
Last sale anchor
$1.09M
May 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$250 / SF
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
$13,020
Tax year 2023
Assessed value
$681,076
Assessed 2023
Previous assessed
$681,076
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$120,775
Assessed improvement
$560,301
Land market value
$120,775
Improvement market value
$560,301
Total market value
$681,076
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
4,000 SF
Lot
0.37 ac (16,020 SF)
Zoning code
C1
APN
08-44-25-P1-01502.0020
UPID
US18-2226232
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
El Quetzal Investments Corp
Entity
Mailing address
226 SW 21ST TER, CAPE CORAL, FL 33991-4301
Ownership since
2025
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 28, 2025
$1,090,000
El Quetzal Investments Corp
Marjaq LLC
Warranty Deed
$540,000 · Marjaq LLC
Jun 14, 2022
—
Sobia LLC
Wei Song INC
Correction Deed
related
—
Dec 28, 2021
$625,000
Marjaq LLC
Joe Hood
Warranty Deed
$525,000 · Joe Hood Etal
Dec 28, 2021
—
Joe Hood
Joe R Hood
Correction Deed
related
—
Oct 17, 2018
$100
Joe Hood
Hood Connie & Joe Trust
Quit Claim Deed
related
—
Dec 7, 2009
—
Conrad Bass
Celca Family Investmen Coc
Trustees Deed
related
—
May 17, 2006
—
Joe R Hood
Hood,joe & Sue
Quit Claim Deed
related
—
Dec 20, 2005
—
Joe Hood
Hoods Auto Parts 1 INC
Quit Claim Deed
related
—
Dec 1, 2005
—
Joe Heed
Heeds Auto Parts 1 INC
Quit Claim Deed
related
—
Jul 15, 2005
$900,000
Celca Family Investments LLC
Academy Investment Corp INC
Warranty Deed
$800,000 · Conrad Baas
Jun 10, 1998
$275,600
Hoods Auto Parts #1 INC
Hood,joe R & Connie S
Quit Claim Deed
related
$144,000 · Southtrust Bank NA
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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