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

    4901 Palm Beach Blvd Fort Myers, FL 33905

    • Community centers
    • 3,237 SF
    • 19.76 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3532794
    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

    • Citi Trends / Men'S Clothing Store / Plus Size Clothing Store
    • A & A Jewelry / (Bike/Boat/Book/etc) Store
    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
    • Palm Beach Blvd Dental / Dental Office
    • Welcome Room WellCare Health Plans / Insurance Agency

    Property Details for 4901 Palm Beach Blvd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    19.76 lot acres
    Property size
    3,237 SF
    Zone code
    CC
    Property type
    Community centers
    APN
    03-44-25-01-00067.0010
    APU
    3442501000670010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $765,000
      Current use
      COMMERCIAL (GENERAL)
      $1,160,000
      Change: +52% Conversion: Easy
      OFFICE BUILDING
      $885,000
      Change: +16% Conversion: Moderate
      MEDICAL BUILDING
      $860,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $845,000
      Change: +10% Conversion: Easy
      WAREHOUSE, STORAGE
      $800,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8056
    Latitude
    26.6815
    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
    $165,011
    $2,156,341
    $9,811,382
    $11,967,723
    -
    $2,156,341
    $9,811,382
    $11,967,723

    Comparable in this City

    • Value Estimation
      $41,370,000
      6,800 SF

      9360 Dynasty Dr, Unit 9390

      MINI-MALL • 6,800 SF
      9360 Dynasty Dr, Fort Myers, FL 33905-5574
      View Details
    • Value Estimation
      $900,000
      3,600 SF

      11821 Palm Bch Blvd, Unit 861

      MINI-MALL • 3,600 SF
      11821 Palm Bch Blvd, Fort Myers, FL 33905-5908
      View Details
    • Value Estimation
      $2,930,000
      14,040 SF

      14561 Palm Bch Blvd

      MINI-MALL • 14,040 SF
      14561 Palm Bch Blvd, Fort Myers, FL 33905-2327
      View Details
    • Value Estimation
      $1,410,000
      3,843 SF

      14630 Palm Bch Blvd

      MINI-MALL • 3,843 SF
      14630 Palm Bch Blvd, Fort Myers, FL 33905-2333
      View Details
    • Value Estimation
      $1,100,000
      6,765 SF

      4991 Majorca Palms Dr

      SHOPPING CENTER, STRIP CENTER • 6,765 SF
      4991 Majorca Palms Dr, Fort Myers, FL 33905
      View Details
    • Value Estimation
      $16,710,000
      167,017 SF

      3402 Forum Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 167,017 SF
      3402 Forum Blvd, Fort Myers, FL 33905-5483
      View Details

    Similar Nearby for Sale

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      Well-maintained resort lot featuring a tiki hut and shed.
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      0.23 Acres

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      Waterfront land for sale in Fort Myers, Florida.
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    • $499,000
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      Land in Fort Myers, FL

      3.28 acres suitable for multifamily or mobile home development.
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    Similar Nearby for Lease

    • Contact for pricing
      1,253 SF

      Retail Space at The Forum

      Retail space available in high-traffic Fort Myers location.
      3230-3268 Forum Blvd, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      44,863 SF

      Retail Space in Fort Myers

      Anchor box available in a busy shopping center.
      4901 Palm Beach Blvd, Fort Myers, FL 33905
      View Details
    • $3,500 /Mo
      2,000 SF

      Flex Space Available For Rent

      Flex units with ground level doors and high ceilings.
      5701 Country Lakes Dr, Fort Myers, FL 33905
      View Details
    • $2,500 /Mo
      1,900 SF

      Industrial Space with Fenced Yard

      Industrial property for rent with paved and fenced yard.
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    • Contact for pricing
      8,139 SF

      Industrial Warehouse with Fenced Lot

      8,139 SF warehouse with secure, fenced 4.30 AC lot.
      4750 Laredo Ave, Fort Myers, FL 33905
      View Details
    • $12 SF/Yr
      3,200 SF

      Fort Myers Warehouse: 3200 SF

      Prime Fort Myers warehouse, ready for occupancy.
      5734 Corporation Cir, Fort Myers, FL 33905
      View Details

    Property Visit Statistics

    • Visits by month
      15.4k
    • Visitors by month
      12.7k
    • Avg Time on site
      12 min
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    Fort Myers, FL 33905
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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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