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Property profile & analytics
OFF-MARKET
Estimated value
$6,745,000
Hotels
414 Cres St Fort Myers Beach, FL 33931-2620
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5265023
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,132 SF
Lot
1.37 ac (59,851 SF)
Zoning code
CPD CPD CPD
APN
19-46-24-W4-0150E.0210
UPID
US18-5265023
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
-
Matanzas Inn Hotel & Motel
-
Sea Dog Eco Tours - Paddle Board Instruction & Tours Tour Operator (Bike/Boat/Book/etc) Store
-
Fort Myers Beach Pirate Cruise Resort
-
Kelly A. Idema Artist
-
FMBeautiful Bay Company (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.75M
Owner & transaction history
Estero Bay Hotel Company · 12 yrs held
Estero Bay Hotel Company
since 2013
7 recorded transactions
Zoning & alternative use
CPD CPD CPD · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,632 / 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
$34,774
Tax year 2023
Assessed value
$3,281,471
Assessed 2023
Previous assessed
$4,574,890
-28.3% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,281,461
Assessed improvement
$10
Land market value
$3,281,461
Improvement market value
$10
Total market value
$3,281,471
Applied tax rate
277.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
13
Bathrooms
24
Total area
4,132 SF
Lot
1.37 ac (59,851 SF)
Zoning code
CPD CPD CPD
APN
19-46-24-W4-0150E.0210
UPID
US18-5265023
Jurisdiction
LEE
Zoning & alternative use
CPD CPD CPD · Fort Myers Beach, FL
Zoning CPD CPD CPD · permitted uses
CPD CPD CPD · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
13
Bathrooms
24
Lot
1.37 ac
Current owner
From public records · entity-resolved
Estero Bay Hotel Company
Entity
Mailing address
5880 STALEY RD, FORT MYERS, FL 33905-6919
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2018
—
Estero Bay Hotel Company
—
Deed
related
$250,000 · Midwestone Bank
Aug 16, 2016
—
Estero Bay Hotel Co
—
Deed
related
$250,000 · Midwestone Bk
Dec 9, 2013
—
Estero Bay Hotel Company
Leo J Salvatori
Deed
—
Dec 4, 2007
—
Leo J Salvatori
Leo J Salvatori
Intrafamily Transfer
related
—
—
—
Edward Streit Trustee
—
Deed Of Trust
related
$50,000 · Willis Trust
—
—
Salvatori Leo J Tr
—
Deed Of Trust
related
$220,000 · Kreuser Grace A Trust (tr)
—
—
Estero Bay Hotel Co
—
Loan Modification
related
$250,000 · Midwestone Bk
—
—
Salvatori Leo J Tr
—
Deed Of Trust
related
$1,280,000 · William G P Kreuser
—
—
Streit Edward F Tr
—
Deed Of Trust
related
$625,000 · Colonial Bank
—
—
Streit Edward F Tr
—
Deed Of Trust
related
$150,000 · Colonial Bank
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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