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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    401 Old San Carlos Blvd Fort Myers Beach, FL 33931-2124

    • Commercial land
    • 2,871 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jul 28, 2023
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4472134
    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

    • Tropical Jewelry / (Bike/Boat/Book/etc) Store

    Property Details for 401 Old San Carlos Blvd

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    2,871 SF
    Zone code
    C-1
    Property type
    Commercial land
    APN
    24-46-23-W3-0030A.0010
    APU
    244623W30030A0010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $690,000
      Market price range: $268k - $1.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9553
    Latitude
    26.4556
    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
    $9,958
    $759,000
    $0.00
    $759,000
    -
    $759,000
    $0.00
    $759,000

    Comparable in this City

    • Value Estimation
      $4,955,000
      9.08 Acres

      3001 Estero Blvd

      VACANT COMMERCIAL LAND • 9,050 SF
      3001 Estero Blvd, Fort Myers Beach, FL 33931-3618
      View Details
    • Value Estimation
      $1,400,000
      0.41 Acres

      5607 Estero Blvd

      VACANT COMMERCIAL LAND • 6,857 SF
      5607 Estero Blvd, Fort Myers Beach, FL 33931-4121
      View Details
    • Value Estimation by Request
      0.04 Acres

      1600 Estero Blvd, Unit B

      VACANT COMMERCIAL LAND • 581 SF
      1600 Estero Blvd, Fort Myers Beach, FL 33931-2847
      View Details
    • Value Estimation by Request
      0.07 Acres

      1600 Estero Blvd, Unit D

      VACANT COMMERCIAL LAND • 1,097 SF
      1600 Estero Blvd, Fort Myers Beach, FL 33931-2847
      View Details
    • Value Estimation by Request
      0.40 Acres

      Ctr C E Tropical

      VACANT COMMERCIAL LAND • 0.40 Acres
      Ctr C E Tropical, Fort Myers Beach, FL 33931
      View Details
    • Value Estimation
      $2,230,000
      0.07 Acres

      1041 3rd St

      VACANT COMMERCIAL LAND • 1,196 SF
      1041 3rd St, Fort Myers Beach, FL 33931-2644
      View Details

    Similar Nearby for Sale

    • $2,300,000
      0.07 Acres

      Fort Myers Beach Commercial Lot

      Double lot in entertainment district, near beach and Margaritaville Resort.
      1041 3Rd St, Fort Myers Beach, FL 33931
      View Details
    • $1,050,000
      0.12 Acres

      Waterfront Land in Fort Myers Beach

      Waterfront lot near dining, shopping, and entertainment.
      914 3Rd St, Fort Myers Beach, FL 33931
      View Details
    • $725,000
      0.11 Acres

      Prime Commercial Land Near Beach

      Exceptional commercial land opportunity near Margaritaville Resort and Gulf access.
      2101 Estero Blvd, Fort Myers Beach, FL 33931
      View Details
    • $2,300,000
      0.34 Acres

      Fort Myers Beach Commercial Opportunity

      Prime commercial land and building with Gulf access for sale.
      6101 Estero Blvd, Fort Myers Beach, FL 33931
      View Details
    • $1,500,000
      0.26 Acres

      Water Access Land, Fort Myers

      Land with direct water access to Matanzas Bay.
      150 Matanzas St, Fort Myers Beach, FL 33931
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    • $2,500,000
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      Fort Myers Beach Mixed-Use Opportunity

      Prime development site near the Gulf in Fort Myers Beach.
      67 Miramar St, Fort Myers Beach, FL 33931
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land with drive-thru opportunity in renovated plaza.
      17260 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing
      14,500 SF

      Freestanding Retail and Restaurant Building

      Olde Florida-style building with retail and restaurant space for lease.
      17650 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing
      41,058 SF

      Fort Myers Beach Retail Plaza

      Prime Retail Space, Newly Renovated
      17284 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • $20 SF/Yr
      1,452 SF

      Retail Center on San Carlos Boulevard

      Retail spaces available in renovated Fort Myers Beach shopping center.
      17260-17284 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • $40 SF/Yr
      72,333 SF

      Santini Marina Plaza: Fort Myers Beach Retail

      Prime Beachfront Retail Space Available
      7205 Estero Blvd, Fort Myers Beach, FL 33931
      View Details
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    401 Old San Carlos Blvd
    Fort Myers Beach, FL 33931-2124
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    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
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