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Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Community centers
4606 Cleveland Ave 4666 Fort Myers, FL 33907-1316
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-0053245
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,020 SF
Lot
19.07 ac (830,558 SF)
Zoning code
CI CI
APN
02-45-24-P2-00067.0000
UPID
US18-0053245
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
-
The Sandbar & Grille Restaurant
-
New England Patriots Fan Club of Southwest Florida Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.22M
Owner & transaction history
Bichimer,nancy A Trust · 6 yrs held
Bichimer,nancy A Trust
since 2019
3 recorded transactions
Zoning & alternative use
CI CI · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.2M
+51.8%
Medical building
$5.3M
+12.4%
Retail stores
$5.2M
+10.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,735,000
Current use
COMMERCIAL (GENERAL)
$7,185,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$5,320,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$5,215,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$4,030,000
Change: -15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,900,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.22M
Range $4.70M – $5.74M · ±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
$261 / 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
$315,244
Tax year 2023
Assessed value
$16,497,271
Assessed 2023
Previous assessed
$14,301,464
+15.4% YoY
Effective rate
1.91%
On assessed value
Assessed land
$7,422,091
Assessed improvement
$9,075,180
Land market value
$7,422,091
Improvement market value
$9,075,180
Total market value
$16,497,271
Applied tax rate
263.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Bathrooms
6
Total area
20,020 SF
Lot
19.07 ac (830,558 SF)
Zoning code
CI CI
APN
02-45-24-P2-00067.0000
UPID
US18-0053245
Jurisdiction
LEE
Zoning & alternative use
CI CI · Fort Myers, FL
Zoning CI CI · permitted uses
CI CI · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
6
Lot
19.07 ac
Current owner
From public records · entity-resolved
Bichimer,nancy A Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2120 DREW ST, CLEARWATER, FL 33765-3214
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
—
Bichimer,nancy A Trust
Bichimer,nancy A
Quit Claim Deed
—
Apr 3, 2017
—
Bickimer,charles J Trust A
Bickimer,elizabeth A
Quit Claim Deed
related
—
Mar 1, 2001
$2,200,000
Baer Furniture Co INC
Don Throgmartin LLC
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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