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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Grocery and convenience stores
5570 Bayshore Rd North Fort Myers, FL 33917-3042
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-1353200
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,033 SF
Lot
1.12 ac (48,787 SF)
Zoning code
CC
APN
36-43-24-00-00013.0060
UPID
US18-1353200
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
$350k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$570k
Owner & transaction history
7-eleven INC · 11 yrs held
7-eleven INC
since 2015
3 recorded transactions
Zoning & alternative use
CC · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$830,000
+15.8%
Medical building
$805,000
+12.4%
Retail stores
$790,000
+10.1%
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$350,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Current use
OFFICE BUILDING
$830,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$805,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$575,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$188 / 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
$25,082
Tax year 2023
Assessed value
$2,908,808
Assessed 2023
Previous assessed
$2,632,039
+10.5% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,834,196
Assessed improvement
$1,074,612
Land market value
$1,834,196
Improvement market value
$1,074,612
Total market value
$2,908,808
Applied tax rate
39.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,033 SF
Lot
1.12 ac (48,787 SF)
Zoning code
CC
APN
36-43-24-00-00013.0060
UPID
US18-1353200
Jurisdiction
LEE
Zoning & alternative use
CC · North Fort Myers, FL
Zoning CC · permitted uses
CC · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$715,000
OFFICE BUILDING
Est. value
$830,000
MEDICAL BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
7-eleven INC
Entity
Free & Clear · 11 yrs held
Mailing address
1722 ROUTH ST STE #1000, DALLAS, TX 75201-2504
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2015
$600,000
7-eleven INC
Edison Oil Co
Grant Deed
—
Jun 1, 2001
$676,000
Edison Oil Co
Hallmark Stations INC
Grant Deed
—
—
—
Edison Oil Co
—
Deed Of Trust
related
$613,813 · Citgo Petroleum Corp
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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