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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Strip malls
4991 Majorca Palms Dr Fort Myers, FL 33905
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-4292153
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,765 SF
Lot
0.98 ac (42,875 SF)
Zoning code
PUD
APN
09-44-25-P3-0240A.0000
UPID
US18-4292153
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$1.10M
Owner & transaction history
Abdalrahim Ahmadi · 1 yrs held
Abdalrahim Ahmadi
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
PUD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+12.4%
Retail stores
$1.8M
+10.1%
Warehouse, storage
$1.7M
+4.8%
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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Current use
MEDICAL BUILDING
$1,800,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,760,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$1,675,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Dec 19 2024)
Last sale anchor
$1.10M
Dec 19 2024
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
$163 / 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
$12,173
Tax year 2023
Assessed value
$556,146
Assessed 2023
Previous assessed
$612,793
-9.2% YoY
Effective rate
2.19%
On assessed value
Assessed land
$108,474
Assessed improvement
$447,672
Land market value
$108,474
Improvement market value
$447,672
Total market value
$556,146
Applied tax rate
90.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,765 SF
Lot
0.98 ac (42,875 SF)
Zoning code
PUD
APN
09-44-25-P3-0240A.0000
UPID
US18-4292153
Jurisdiction
LEE
Zoning & alternative use
PUD · Fort Myers, FL
Zoning PUD · permitted uses
PUD · 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
$1.6M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Abdalrahim Ahmadi
Individual
Free & Clear · 1 yrs held
Mailing address
6821 LK DEVONWOOD DR, FORT MYERS, FL 33908-7202
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Abdalrahim Ahmadi
Ortiz Properties So LLC
Quitclaim Deed
related
—
Oct 18, 2018
—
Oqab Abuoqab
—
Deed
related
$800,000 · A & A Investment Partners LLC
Feb 27, 2013
$1,100,000
Ortiz Properties So LLC
Jl-majorca LLC
Warranty Deed
$900,000 · Jl-majorca LLC
Dec 29, 2006
$39,500
Altor LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 9, 2004
$320,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Oqab Abuoqab
—
Deed Of Trust
related
$800,000 · A & A Investment Partners LLC
—
—
Ortiz Properties So LLC
—
Loan Modification
related
$599,645 · Private Individual
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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