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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail space
5601 Banner Dr Fort Myers, FL 33912-4411
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US18-2577173
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,290 SF
Lot
0.65 ac (28,314 SF)
Zoning code
IL
APN
25-45-24-02-0000B.0010
UPID
US18-2577173
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
-
Wallpaper World Interiors Interior Design Home Decor Store
-
Midwest Cheer Elite Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$615k
Owner & transaction history
Cmg Realty Investments INC · 26 yrs held
Cmg Realty Investments INC
since 2000
7 recorded transactions
Zoning & alternative use
IL · 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
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
$1,015,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$143 / 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
$6,560
Tax year 2023
Assessed value
$470,218
Assessed 2023
Previous assessed
$605,485
-22.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$166,147
Assessed improvement
$304,071
Land market value
$166,147
Improvement market value
$304,071
Total market value
$470,218
Applied tax rate
47.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
4,290 SF
Lot
0.65 ac (28,314 SF)
Zoning code
IL
APN
25-45-24-02-0000B.0010
UPID
US18-2577173
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FL
Zoning IL · permitted uses
IL · 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
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.65 ac
Current owner
From public records · entity-resolved
Cmg Realty Investments INC
Entity
Mailing address
5601 BANNER DR, FORT MYERS, FL 33912-4411
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Cmg Realty Investments INC
—
Deed
related
$585,000 · Regions Bank
Jul 20, 2000
$485,000
Cmg Realty Investments INC
Povia Paints INC
Grant Deed
$363,750 · Huntington National Bank
Mar 6, 2000
$95,000
Povia Paints INC
Harper,daniel R
Grant Deed
$71,250 · Huntington National Bank
Dec 10, 1999
$4,200
Cooper,danah R
Harper,daniel S
Trustees Deed
—
Dec 10, 1999
$10,500
Mcnew Trust
Harper,daniel S
Trustees Deed
—
Dec 10, 1999
$33,200
Thompson,sharon H
Harper,daniel S
Trustees Deed
—
Dec 10, 1999
$79,700
Mcnew Trust
Harper,daniel S
Trustees Deed
—
Dec 10, 1999
$31,800
Harper Trust
Harper,daniel S
Trustees Deed
related
—
—
—
Cmg Realty Investments INC
—
Deed Of Trust
related
$105,000 · Old Florida Bank
—
—
Cmg Realty Investments INC
—
Deed Of Trust
related
$118,500 · Old Florida Bank
—
—
Cmg Realty Investments INC
—
Deed Of Trust
related
$400,000 · Old Florida Bank
—
—
Cmg Realty Investments INC
—
Deed Of Trust
related
$218,000 · Old Florida Bank
—
—
Cmg Realty Investments INC
—
Deed Of Trust
related
$775,000 · Synovus Bank Of Florida
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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