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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Strip malls
7600 Alico Rd Fort Myers, FL 33912-6064
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3379072
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
STEEL FRAME
Total area
6,989 SF
Lot
6.13 ac (267,023 SF)
Zoning code
CPD IPD
APN
08-46-25-00-00003.0170
UPID
US18-3379072
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
-
Angel Airport Transportation Limousine Service
-
Tacos y Ceviches Restaurant
-
Eventz Inc Marketing & Advertising Event Planning
-
PrimeBid Solar Energy Company
-
Uschi's Airport Shuttle Service Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.60M
Owner & transaction history
Ftpa Storage Ft Myers LLC · 11 yrs held
Ftpa Storage Ft Myers LLC
since 2015
7 recorded transactions
Zoning & alternative use
CPD IPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+51.8%
Industrial (general)
$2.1M
+26.0%
Medical building
$1.9M
+12.4%
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%
$1,850,000
6.5%
$1,705,000
7%
$1,585,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,655,000
Current use
COMMERCIAL (GENERAL)
$2,510,000
Change: +52% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,080,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,860,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$228 / 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
$103,585
Tax year 2023
Assessed value
$9,254,962
Assessed 2023
Previous assessed
$7,904,196
+17.1% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,148,885
Assessed improvement
$6,106,077
Land market value
$3,148,885
Improvement market value
$6,106,077
Total market value
$9,254,962
Applied tax rate
71.0000
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Total area
6,989 SF
Lot
6.13 ac (267,023 SF)
Zoning code
CPD IPD
APN
08-46-25-00-00003.0170
UPID
US18-3379072
Jurisdiction
LEE
Zoning & alternative use
CPD IPD · Fort Myers, FL
Zoning CPD IPD · permitted uses
CPD IPD · 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
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Lot
6.13 ac
Current owner
From public records · entity-resolved
Ftpa Storage Ft Myers LLC
Entity
Mailing address
150 E 52ND ST, NEW YORK, NY 10022-6017
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
—
Ftpa Storage Ft Myers LLC
—
Grant Deed
related
$150,000,000 · Bank Of America
Jul 1, 2015
$5,550,000
Ftpa Storage Ft Myers LLC
Alico Road LLC
Grant Deed
—
Mar 31, 2006
—
Jft LLC
Keith Miller
Correction Deed
related
—
Mar 5, 2002
—
Alico Road LLC
—
Trustees Deed
related
$1,720,000 · First National Bank Naples
Jul 6, 2001
$525,000
Alico Road LLC
Albritton Roofing Of Naples
Grant Deed
—
Jun 29, 2001
$700,000
Jft LLC
Keith Miller Trustee
Grant Deed
$525,000 · First National Bank Naples
—
—
Ftpa Storage Ft Myers LLC
—
Deed Of Trust
related
$7,735,000 · Bankunited Fsb
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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