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

    4126 Palm Bch Blvd Fort Myers, FL 33916-3411

    • Grocery and convenience stores
    • 4,080 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0463926
    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

    • Shell / Restaurant
    • Athena Bitcoin ATM / Crypto Atm / Atm
    • Bitcoin of America ATM / Atm / Currency Exchange Service
    • MoneyGram / Bank / Credit Union
    • MONEY MEX INC / Check Cashing

    Property Details for 4126 Palm Bch Blvd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    4,080 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    08-44-25-P2-0280C.0010
    APU
    084425P20280C0010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $965,000
      Current use
      OFFICE BUILDING
      $1,115,000
      Change: +16% Conversion: Moderate
      MEDICAL BUILDING
      $1,085,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $1,060,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8301
    Latitude
    26.6661
    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
    $17,115
    $398,838
    $593,760
    $992,598
    -
    $398,838
    $593,760
    $992,598

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      3006 Palm Bch Blvd

      CONVENIENCE STORE • 1,120 SF
      3006 Palm Bch Blvd, Fort Myers, FL 33916-1507
      View Details
    • Value Estimation
      $2,040,000
      6,400 SF

      3842 Palm Bch Blvd

      GROCERY, SUPERMARKET • 6,400 SF
      3842 Palm Bch Blvd, Fort Myers, FL 33916-3738
      View Details
    • Value Estimation by Request
      1,440 SF

      3700 Dr Martin Luther King Blvd

      CONVENIENCE STORE • 1,440 SF
      3700 Dr Martin Luther King Blvd, Fort Myers, FL 33916-4637
      View Details
    • Value Estimation by Request
      2,600 SF

      2948 Hanson St

      CONVENIENCE STORE • 2,600 SF
      2948 Hanson St, Fort Myers, FL 33916-7508
      View Details
    • Value Estimation
      $645,000
      693 SF

      4087 Palm Bch Blvd

      CONVENIENCE STORE • 693 SF
      4087 Palm Bch Blvd, Fort Myers, FL 33916-3408
      View Details
    • Value Estimation by Request
      780 SF

      2254 Henderson Ave

      CONVENIENCE STORE • 780 SF
      2254 Henderson Ave, Fort Myers, FL 33916-4524
      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.
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    • $699,900
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      Fort Myers Commercial Building For Sale

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      Fort Myers Commercial Condo For Sale

      Commercial condominium in Fort Myers' business corridor with showroom and warehouse.
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    • $5,950,000
      24,900 SF

      Fort Myers Mixed-Use Investment

      24-unit multifamily, retail complex, high ROI.
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    • $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
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    • $359,000
      1,712 SF

      Corner Lot with Redevelopment Potential

      Approximately 1/3 acre corner lot ideal for redevelopment.
      3194 Palm Beach Blvd, Fort Myers, FL 33916
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    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
    • $19 SF/Yr
      3,008 SF

      Ironwood Center: Fort Myers Office

      Prime Fort Myers Executive Suite, 3008 sq ft
      4300 Ford St, Fort Myers, FL 33916
      View Details
    • $14 SF/Yr
      21,042 SF

      Industrial Warehouse with Secured Yard

      21,042 SF warehouse with office, loading dock, secured yard.
      3200 Hanson St, Fort Myers, FL 33916
      View Details
    • $15 SF/Yr
      1,140 SF

      Industrial Flex Space Available

      Multi-tenant industrial flex park with grade-level doors for lease.
      2853 Work Dr, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      9 SF

      9.21 Acres IOS Land Lease

      9.21 acres of land with outdoor storage, for lease.
      Hanson 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
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    Fort Myers, FL 33916-3411
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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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