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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Retail space
4235 Palm Bch Blvd Fort Myers, FL 33905-3412
Entity Owned
Free & Clear
Property ID
US19-0706511
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,507 SF
Lot
1.51 ac (65,862 SF)
Zoning code
C1
APN
08-44-25-P2-00066.0000
UPID
US19-0706511
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
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.53M
Owner & transaction history
Z B Investments Lc
Z B Investments Lc
since 2026
7 recorded transactions
Zoning & alternative use
C1 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+5.2%
Medical building
$3.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,735,000
6.5%
$2,525,000
7%
$2,345,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,255,000
Current use
OFFICE BUILDING
$3,425,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$3,325,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,100,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,955,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10%
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
$202 / 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
$43,404
Tax year 2023
Assessed value
$3,211,106
Assessed 2023
Previous assessed
$2,443,221
+31.4% YoY
Effective rate
1.35%
On assessed value
Assessed land
$868,167
Assessed improvement
$2,342,939
Land market value
$868,167
Improvement market value
$2,342,939
Total market value
$3,211,106
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
12,507 SF
Lot
1.51 ac (65,862 SF)
Zoning code
C1
APN
08-44-25-P2-00066.0000
UPID
US19-0706511
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
$3.3M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2016
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Z B Investments Lc
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 156, SOUTHWORTH, WA 98386-0156
Ownership since
2026
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
Apr 2, 2026
$2,600,000
Z B Investments Lc
Pardun Properties LLC
Warranty Deed
—
Oct 13, 2016
—
Pardun Properties LLC
—
Deed
related
$1,225,000 · Wells Fargo Bank NA
Sep 14, 2015
—
Palm Beach Boulevard Invs LLC
La Mexicana Of Palm Bch Blvd LLC
Quit Claim Deed
related
—
Sep 8, 2015
$370,000
Palm Beach Boulevard Invs LLC
La Mexicana Of Palm Bch Blvd LLC
Grant Deed
related
—
Aug 11, 2015
—
Pagani Food Stores LLC
La Mexicana Of Palm Bch Blvd LLC
Quit Claim Deed
related
—
May 20, 2015
—
Pagani Food Stores LLC
La Mexicana Of Palm Bch Blvd LLC
Quit Claim Deed
related
—
Aug 6, 2007
—
La Mexicana Of Palm Bch Blvd LLC
—
Deed Of Trust
related
$3,760,000 · Wachovia Bank NA
Nov 15, 2005
$1,250,000
Lamexicana Of Palm Bch Blvd LLC
4235 Palm Beach Blvd LLC
Warranty Deed
$900,000 · Florida Community Bank
Jan 2, 2003
$775,000
4235 Palm Beach Blvd LLC
Dunton,albert W & Jean F
Grant Deed
—
—
—
La Mexicana Of Palm Bch Blvd LLC
—
Loan Modification
related
$194,256 · Rietman Floyd H & A L Tr (pt)
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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