Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    3900 Palm Bch Blvd Fort Myers, FL 33916-3730

    • Turn key restaurants
    • 2,431 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimation
    $1,010,000
    Last Sale
    Oct 12, 2023
    $949,000
    Location Intelligence
    Property ID
    US18-2682369
    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

    • El Arcoiris Restaurant / Restaurant

    Property Details for 3900 Palm Bch Blvd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    2,431 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    08-44-25-P1-01505.0040
    APU
    084425P1015050040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,055,000

    • CAP approach

      CAP return
      Estimation
      6%
      $860,000
      6.5%
      $890,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $935,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $940,000
      Retail
      $700,000
      Mixed-Use
      $820,000
      Hospitality
      $725,000
      Educational
      $785,000
      Residential Income
      $900,000
      Energy
      $870,000
      Income-Based Land
      $980,000
      Food Service
      $920,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8335
    Latitude
    26.6642
    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
    $6,253
    $63,861
    $184,674
    $248,535
    -
    $63,861
    $184,674
    $248,535

    Comparable in this City

    • Value Estimation
      $165,000
      2,080 SF

      2973 Palm Bch Blvd

      RESTAURANT • 2,080 SF
      2973 Palm Bch Blvd, Fort Myers, FL 33916-1504
      View Details
    • Value Estimation by Request
      8,658 SF

      4451 Veronica S Shoemaker Blvd

      RESTAURANT • 8,658 SF
      4451 Veronica S Shoemaker Blvd, Fort Myers, FL 33916-2227
      View Details
    • Value Estimation by Request
      8,860 SF

      4400 Kernel Cir

      RESTAURANT • 8,860 SF
      4400 Kernel Cir, Fort Myers, FL 33916-9461
      View Details
    • Value Estimation
      $190,000
      2,720 SF

      3380 Dr Martin Luther King Blvd

      RESTAURANT • 2,720 SF
      3380 Dr Martin Luther King Blvd, Fort Myers, FL 33916-2041
      View Details
    • Value Estimation
      $195,000
      960 SF

      3802 Dr Martin Luther King Blvd

      RESTAURANT • 960 SF
      3802 Dr Martin Luther King Blvd, Fort Myers, FL 33916-4804
      View Details
    • Value Estimation
      $175,000
      1,752 SF

      3606 Michigan Ave

      RESTAURANT • 1,752 SF
      3606 Michigan Ave, Fort Myers, FL 33916-2202
      View Details

    Similar Nearby for Sale

    • $1,400,000
      5,832 SF

      Functional Industrial Building on Metro

      5,832 SF industrial building with showroom, warehouse, and office.
      11791 Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $600,000

      Commercial Building on Palm Beach

      Commercial building on a high-traffic thoroughfare in Fort Myers.
      3340 Palm Beach Blvd, Fort Myers, FL 33916
      View Details
    • $699,900
      0.50 Acres

      Fort Myers Commercial Building For Sale

      2,964 sq ft commercial building on high-traffic MLK corridor.
      3050 Michigan Ave, Fort Myers, FL 33916
      View Details
    • $335,000

      Fort Myers Commercial Condo For Sale

      Commercial condominium in Fort Myers' business corridor with showroom and warehouse.
      3550 Work Dr, Fort Myers, FL 33916
      View Details
    • $5,950,000
      24,900 SF

      Fort Myers Mixed-Use Investment

      24-unit multifamily, retail complex, high ROI.
      2741 1St St, Fort Myers, FL 33916
      View Details
    • $2,500,000
      0.50 Acres

      Versatile Fort Myers Commercial Property

      12,000 SF industrial and retail space in Fort Myers.
      2065 Towles St, Fort Myers, FL 33916
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,305 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
      99,317 SF

      Fort Myers Industrial Land for Sale

      2.28 Acres, Heavy Industrial, Secure Yard
      3401 Old Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $25 SF/Yr
      59,579 SF

      Fort Myers Executive Office Suites

      Prime Fort Myers location, modern office space.
      4210 Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $15 SF/Yr
      67,197 SF

      Fort Myers Industrial Portfolio

      Multi-tenant flex space, Lee County.
      2853-2861 Work Dr, Fort Myers, FL 33916
      View Details
    • $13 SF/Yr
      42,220 SF

      Industrial Building on 2.76 Acres

      Industrial building featuring office space, dock doors, and sprinkler system.
      3661 Ironbridge Blvd, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      50,000 SF

      Fort Myers Build-to-Suit Opportunity

      IL-zoned land suitable for a custom industrial facility.
      3750 Veronica S Shoemaker Blvd, Fort Myers, FL 33916
      View Details

    Property Visit Statistics

    • Visits by month
      6.1k
    • Visitors by month
      4.3k
    • Avg Time on site
      14 min
    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.
    3900 Palm Bch Blvd
    Fort Myers, FL 33916-3730
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.