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Property profile & analytics
FOR LEASE
Community centers
4901 Palm Beach Blvd Fort Myers, FL 33905
Trust Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3532794
For Lease
1 / 2
$15 SF/Yr
4901 Palm Beach Blvd, Fort Myers, FL 33905
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,237 SF
Lot
19.76 ac (860,746 SF)
Zoning code
CC
APN
03-44-25-01-00067.0010
UPID
US18-3532794
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
-
Citi Trends Children'S Clothing Store Discount 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Quality Self-storage Vi Lan Trust · 12 yrs held
Quality Self-storage Vi Lan Trust
since 2013
4 recorded transactions
Zoning & alternative use
CC · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+51.8%
Office building
$885,000
+15.8%
Medical building
$860,000
+12.4%
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
$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
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$269 / 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
$165,011
Tax year 2023
Assessed value
$11,967,723
Assessed 2023
Previous assessed
$10,399,551
+15.1% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,156,341
Assessed improvement
$9,811,382
Land market value
$2,156,341
Improvement market value
$9,811,382
Total market value
$11,967,723
Applied tax rate
230.0000
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
For Lease
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Total area
3,237 SF
Lot
19.76 ac (860,746 SF)
Zoning code
CC
APN
03-44-25-01-00067.0010
UPID
US18-3532794
Jurisdiction
LEE
Zoning & alternative use
CC · Fort Myers, FL
Zoning CC · permitted uses
CC · 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
$765,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING
Est. value
$860,000
RETAIL STORES
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Lot
19.76 ac
Current owner
From public records · entity-resolved
Quality Self-storage Vi Lan Trust
Trust
Mailing address
47 BEARSPAW MDWS CT CALGARY AB 3RD AB
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2013
$6,500,000
Quality Self-storage Vi Lan Trust
Brixmor Ga Morse Shores LLC
Grant Deed
$4,595,500 · Gateway Bk/sw Fl
Aug 22, 2005
—
Galileo Morse Shores LLC
Ca New Plan Texas Assets LP
Special Warranty Deed
$102,000,000 · Merrill Lynch Mortgage Lending INC
Jun 28, 2000
$7,600,000
Cfp I LP
Centeramerica Property Trust
Grant Deed
$6,972,550 · Secore Financial Corp
Apr 29, 1998
$6,685,000
Centeramerica Property Trust L
Morse Shores Land Associates L
Grant Deed
$5,212,500 · Bank United Of Texas Fsb
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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