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Property profile & analytics
OFF-MARKET
Estimated value
$7,190,000
Commercial land
6240 Estero Blvd Fort Myers Beach, FL 33931-4419
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0341426
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,140 SF
Lot
2.84 ac (123,754 SF)
Zoning code
CR CR
APN
33-46-24-W3-00013.0020
UPID
US18-0341426
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
$7.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$7.19M
Owner & transaction history
Carousel Beach Redevelopment LLC · 3 yrs held
Carousel Beach Redevelopment LLC
since 2022
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
CR CR · Fort Myers Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$7,205,000
ML approach
$7,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.19M
Range $6.47M – $7.91M · ±10% · vs last sale $7.00M (Nov 7 2022)
Last sale anchor
$7.00M
Nov 7 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
$508 / 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
$145,910
Tax year 2023
Assessed value
$10,958,417
Assessed 2023
Previous assessed
$3,932,736
+178.6% YoY
Effective rate
1.33%
On assessed value
Assessed land
$10,958,417
Land market value
$10,958,417
Total market value
$10,958,417
Applied tax rate
32.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
2
Bathrooms
29
Total area
14,140 SF
Lot
2.84 ac (123,754 SF)
Zoning code
CR CR
APN
33-46-24-W3-00013.0020
UPID
US18-0341426
Jurisdiction
LEE
Zoning & alternative use
CR CR · Fort Myers Beach, FLZoning CR CR · permitted uses
CR CR · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
29
Lot
2.84 ac
Current owner
From public records · entity-resolved
Carousel Beach Redevelopment LLC
Entity
Free & Clear · 3 yrs held
Mailing address
815 NE AVE, OAK PARK, IL 60302-1542
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$7,000,000
Carousel Beach Redevelopment LLC
6230 Carousel LLC
Special Warranty Deed
—
Mar 5, 2019
—
6230 Carousel LLC
—
Trustees Deed
related
$3,100,000 · Joseph Simonelli
Jan 19, 2017
—
6230 Carousel LLC
6230 Estero LLC
Quit Claim Deed
$3,500,000 · Private Individual
Oct 17, 2016
$5,000,000
6230 Carousel LLC
6230 Estero LLC
Dual Purpose Document
related
$3,500,000 · Private Individual
Mar 3, 2015
$3,000,000
6230 Estero LLC
Vida Estero Beach Ltd
Grant Deed
—
Jul 19, 2005
$7,075,000
Vida Estero Beach Ltd
Ecoventure Carousel Ltd
Grant Deed
$3,100,000 · Amsouth Bank
Jan 14, 2003
$4,650,000
Ecoventure Carousel Ltd
Inns By The Sea LLC
Grant Deed
$3,100,000 · Amsouth Bank
Nov 4, 1999
$3,550,000
Inns By The Sea LLC
Nelson,barbara
Grant Deed
$2,660,000 · Amsouth Bank
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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