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Property profile & analytics
FOR LEASE
Strip malls
5020 S Cleveland Ave Fort Myers, FL 33907
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3717504
For Lease
1 / 2
$20 SF/Yr
5020 S Cleveland Ave, Fort Myers, FL 33907
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
CONCRETE
Total area
35,960 SF
Lot
3.27 ac (142,355 SF)
Zoning code
CI
APN
02-45-24-P3-00065.0020
UPID
US18-3717504
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
-
Chuck E. Cheese Restaurant
-
Buffet City Restaurant Buffet
-
Buddy V's Cake Slice Restaurant Take-out & Catering
-
Buffet chino Restaurant Buffet
-
LL Flooring Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.22M
Blend (final)
Blend
$5.33M
Owner & transaction history
Skc Fort Myers Properties LLC · 3 yrs held
Skc Fort Myers Properties LLC
since 2022
Last sale
$6.2M
4 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
Method
Estimation
Statistic approach
$4,360,000
ML approach
$4,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,505,000
Current use
OFFICE BUILDING
$7,240,000
Change: -15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,005,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.33M
Range $4.80M – $5.86M · ±10% · vs last sale $6.15M (Aug 1 2022)
Last sale anchor
$6.15M
Aug 1 2022
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
$148 / 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
$97,487
Tax year 2023
Assessed value
$5,173,614
Assessed 2023
Previous assessed
$4,483,219
+15.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$2,441,388
Assessed improvement
$2,732,226
Land market value
$2,441,388
Improvement market value
$2,732,226
Total market value
$5,173,614
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1979
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
35,960 SF
Lot
3.27 ac (142,355 SF)
Zoning code
CI
APN
02-45-24-P3-00065.0020
UPID
US18-3717504
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1979
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Skc Fort Myers Properties LLC
Entity
Mailing address
PO BOX 8201, LEXINGTON, KY 40533-8201
Ownership since
2022
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 1, 2022
$6,150,000
Skc Fort Myers Properties LLC
Jay Peak LLC
Warranty Deed
$4,300,000 · Forcht Bank NA
Nov 13, 2017
—
Jay Peak LLC
—
Deed
related
$2,258,237 · Busey Bk
—
—
Jay Peak LLC
—
Deed Of Trust
related
$700,000 · Busey Bank
—
—
Jay Peak LLC
—
Loan Modification
related
$2,258,237 · Busey Bk
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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