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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Strip malls
7021 Constitution Blvd Fort Myers, FL 33967-5800
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-4781446
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,055 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
17-46-25-00-01008.0010
UPID
US18-4781446
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
-
Luna's Arcade Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Tienda El Quetzal 5 Grocery & Convenience Store Food Market
-
Cassidy Insurance Group: Allstate Insurance Insurance Agency
-
Doupe Accounting & Tax Services Tax Preparation
-
The Best & Quick Hair Cuts Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.51M
Owner & transaction history
Pedro T Martin · 4 yrs held
Pedro T Martin
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C-2 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+15.8%
Medical building
$2.4M
+12.4%
Retail stores
$2.4M
+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 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
$1,595,000
ML approach
$1,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,140,000
Current use
OFFICE BUILDING
$2,480,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$2,405,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,360,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$1,775,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.50M (Jan 18 2022)
Last sale anchor
$1.50M
Jan 18 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
$166 / 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
$19,465
Tax year 2023
Assessed value
$1,403,089
Assessed 2023
Previous assessed
$1,217,270
+15.3% YoY
Effective rate
1.39%
On assessed value
Assessed land
$758,292
Assessed improvement
$644,797
Land market value
$758,292
Improvement market value
$644,797
Total market value
$1,403,089
Applied tax rate
51.0000
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
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
9,055 SF
Lot
1 ac (43,560 SF)
Zoning code
C-2
APN
17-46-25-00-01008.0010
UPID
US18-4781446
Jurisdiction
LEE
Zoning & alternative use
C-2 · Fort Myers, FL
Zoning C-2 · permitted uses
C-2 · 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
$2.1M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.8M
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Pedro T Martin
Individual
Free & Clear · 4 yrs held
Mailing address
26901 VILLANOVA CT, BONITA SPRINGS, FL 34135-5036
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$1,500,000
Pedro T Martin
Robert S Bigelow
Correction Deed
related
—
Jan 18, 2022
$1,500,000
Pedro Martin Tomas
Robert S Bigelow
Special Warranty Deed
$1,235,000 · First Bank
Jul 10, 2017
—
Robert S Bigelow
—
Deed
related
$459,222 · Edison Nat'l Bk
Nov 9, 2009
—
Robert S Bigelow
Bigelow,robert S
Quit Claim Deed
related
—
—
—
Robert S Bigelow
—
Deed Of Trust
related
$391,907 · Edison National Bank
—
—
Robert S Bigelow
—
Loan Modification
related
—
—
—
Robert S Bigelow
—
Loan Modification
related
$459,222 · Edison Nat'l 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.
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