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Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Turn key restaurants
6890 Estero Blvd Fort Myers Beach, FL 33931-4609
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1428812
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,450 SF
Lot
4.08 ac (177,681 SF)
Zoning code
CR
APN
03-47-24-W1-00003.0010
UPID
US18-1428812
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
-
Sand Sculpture Hotel & Motel Resort
-
Mid Island Water Sports at The Wyndham Tour Agency Tourist Attraction
-
Estero Island Parasail - Pick Up At Mid Island Water Sports, Wyndham Garden Tour Operator
-
Sandpiper Hotel & Motel
-
Wyndham Garden Fort Myers Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.22M
Owner & transaction history
Fmbh LLC · 6 yrs held
Fmbh LLC
since 2020
7 recorded transactions
Zoning & alternative use
CR · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.9M
+61.9%
Auto repair, garage
$6.0M
+21.9%
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
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
RESTAURANT
$4,890,000
Current use
COMMERCIAL (GENERAL)
$7,915,000
Change: +62% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,955,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$5.22M
Range $4.70M – $5.74M · ±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
$618 / 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
$202,643
Tax year 2023
Assessed value
$14,610,719
Assessed 2023
Previous assessed
$24,684,217
-40.8% YoY
Effective rate
1.39%
On assessed value
Assessed land
$14,610,709
Assessed improvement
$10
Land market value
$14,610,709
Improvement market value
$10
Total market value
$14,610,719
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Bathrooms
204
Total area
8,450 SF
Lot
4.08 ac (177,681 SF)
Zoning code
CR
APN
03-47-24-W1-00003.0010
UPID
US18-1428812
Jurisdiction
LEE
Zoning & alternative use
CR · Fort Myers Beach, FL
Zoning CR · permitted uses
CR · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
204
Lot
4.08 ac
Current owner
From public records · entity-resolved
Fmbh LLC
Entity
Mailing address
501 GOODLETTE-FRANK RD N STE D100, NAPLES, FL 34102-5666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
—
Fmbh LLC
—
Deed
related
$3,000,000 · Synovus Bk
Jul 11, 2018
—
Fmbh LLC
—
Deed
related
$2,000,000 · Florida Cmnty Bk NA
May 20, 2016
—
Fmbh LLC
—
Deed
related
$6,000,000 · Florida Cmnty Bk
Jul 9, 2009
—
Fmbh LLC
—
Deed Of Trust
related
$3,000,000 · Branch Banking & Trust Co
—
—
Fmbh LLC
—
Loan Modification
related
$6,000,000 · Branch Bk&tr
—
—
Fmbh LLC
—
Loan Modification
related
$3,000,000 · Synovus Bk
—
—
Fmbh LLC
—
Deed Of Trust
related
$6,000,000 · Florida Cmnty Bk
—
—
Fmbh LLC
—
Deed Of Trust
related
$6,000,000 · Branch Banking & Trust Co
—
—
Fmbh LLC
—
Deed Of Trust
related
$1,000,000 · Florida Cmnty Bk
—
—
Fmbh LLC
—
Loan Modification
related
$2,000,000 · Florida Cmnty Bk NA
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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