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Property profile & analytics
OFF-MARKET
Hotels
4760 Cleveland Ave Fort Myers, FL 33907-1311
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0612864
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,905 SF
Lot
4.94 ac (215,280 SF)
Zoning code
CI
APN
02-45-24-P2-00600.0020
UPID
US19-0612864
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
-
Travelodge by Wyndham Fort Myers Hotel & Motel
-
Rodeway Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jham Hospitality LLC · 2 yrs held
Jham Hospitality LLC
since 2023
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
CI · Fort Myers, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$128,678
Tax year 2023
Assessed value
$6,059,925
Assessed 2023
Previous assessed
$4,083,534
+48.4% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,828,779
Assessed improvement
$3,231,146
Land market value
$2,828,779
Improvement market value
$3,231,146
Total market value
$6,059,925
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Bathrooms
136
Total area
20,905 SF
Lot
4.94 ac (215,280 SF)
Zoning code
CI
APN
02-45-24-P2-00600.0020
UPID
US19-0612864
Jurisdiction
LEE
Zoning & alternative use
CI · Fort Myers, FL
Zoning CI · permitted uses
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.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
136
Lot
4.94 ac
Current owner
From public records · entity-resolved
Jham Hospitality LLC
Entity
Mailing address
412 W SUGARLAND HWY, CLEWISTON, FL 33440-3020
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
$8,500,000
Jham Hospitality LLC
Rubbles Hospitality LLC
Warranty Deed
$4,311,000 · First Bank
Sep 6, 2022
$2,416,000
Rubbles Hospitality LLC
Kasja Holding INC
Warranty Deed
$2,416,000 · Kasja Holding INC
Sep 23, 2013
—
Kasja Holdings INC
Kassam Hotel Co INC
Warranty Deed
—
Sep 1, 2010
$1,074,800
Kassam Hotel Co INC
Ftm Hotels LLC Coc
Trustees Deed
related
—
Jan 12, 2006
$5,300,000
Ftm Hotels LLC
Asap Asso INC
Warranty Deed
$2,982,171 · Zions First National Bank
Jan 11, 2003
$2,750,000
Asap Asso INC
Fort Myers Associates INC
Grant Deed
$2,000,000 · Pmc Commercial Trust
Feb 5, 1998
$3,700,000
Ft Myers Assoc INC
Four Corners Dev INC
Grant Deed
—
—
—
Kasja Holdings INC
—
Deed Of Trust
related
$901,580 · Community Bk/fl
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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