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    Property profile & analytics

    9231 Cypress Lk Dr Fort Myers, FL 33919-4988

    • Investment properties
    • 6,988 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5024028
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hodges-Kiser Funeral Home / Social Service Agency

    Property Details for 9231 Cypress Lk Dr

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.21 lot acres
    Property size
    6,988 SF
    Zone code
    C-1A
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    21-45-24-00-00016.0000
    APU
    21452400000160000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,435,000
      6.5%
      $1,325,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,028,000
      Market price range: $703k - $5.87M
      AI Estimate
      $1,657,000
      Market price range: $802k - $3.40M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,510,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9082
    Latitude
    26.5453
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,499
    $1,051,080
    $624,708
    $1,675,788
    -
    $1,051,080
    $624,708
    $1,675,788

    Comparable in this City

    • Value Estimation
      $575,000
      1,266 SF

      13309 Mcgregor Blvd

      STORE/OFFICE (MIXED USE) • 1,266 SF
      13309 Mcgregor Blvd, Fort Myers, FL 33919-5934
      View Details
    • Value Estimation by Request
      0.24 Acres

      13650 Mcgregor Blvd

      VACANT COMMERCIAL LAND • 0.24 Acres
      13650 Mcgregor Blvd, Fort Myers, FL 33919
      View Details
    • Value Estimation by Request
      1.93 Acres

      866 Deep Lagoon Ln

      WASTE DISPOSAL, SEWAGE • 1.93 Acres
      866 Deep Lagoon Ln, Fort Myers, FL 33919-6109
      View Details
    • Value Estimation by Request
      0.57 Acres

      7490 Winkler Rd

      VACANT COMMERCIAL LAND • 0.57 Acres
      7490 Winkler Rd, Fort Myers, FL 33919
      View Details
    • Value Estimation
      $4,020,000
      22,278 SF

      12859 Mcgregor Blvd

      MINI-WAREHOUSE, STORAGE • 22,278 SF
      12859 Mcgregor Blvd, Fort Myers, FL 33919-4524
      View Details
    • Value Estimation
      $2,325,000
      9,576 SF

      13391 Mcgregor Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,576 SF
      13391 Mcgregor Blvd, Fort Myers, FL 33919-5944
      View Details

    Similar Nearby for Sale

    • $3,689,000
      2.10 Acres

      Waterfront Land in Fort Myers

      2+ acre waterfront lot with 400 feet on Caloosahatchee River.
      8661 Cajuput Cv, Fort Myers, FL 33919
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    • New
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      Updated Home with Mother-in-Law Suite

      Updated 4100 sqft home with pool, spa, and guest apartment.
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    • $1,100,000
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      Fort Myers Commercial Land - 6.22 Acres

      Prime Commercial Land, South Fort Myers
      13400 Greengate Blvd, Fort Myers, FL 33919
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    • $985,000
      0.30 Acres

      Waterfront Lot in Town & River

      Vacant lot with direct Gulf access in Fort Myers.
      9821 Cypress Lake Dr, Fort Myers, FL 33919
      View Details
    • $1,679,000
      0.35 Acres

      Waterfront Lot in Town and River

      Rare waterfront lot with canal frontage and river views.
      799 Cypress Lake Cir, Fort Myers, FL 33919
      View Details
    • $149,900
      0.22 Acres

      Vacant Lot in Fort Myers

      Vacant land near McGregor Blvd, perfect for building your dream home.
      9934 Almetta Ave, Fort Myers, FL 33919
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      39,664 SF

      Cypress Square: Fort Myers Office/Retail

      Prime Fort Myers location, upscale shops & restaurants.
      13451 Mcgregor Blvd, Fort Myers, FL 33919
      View Details
    • Contact for pricing

      Retail Space Near College Parkway

      Retail space available in renovated Fort Myers shopping center.
      8595 College Pkwy, Fort Myers, FL 33919
      View Details
    • $14 SF/Yr
      2,325 SF

      Office Space Available For Rent

      Office spaces for rent in Fort Myers, Florida.
      6290-6296 Corporate Ct, Fort Myers, FL 33919
      View Details
    • Contact for pricing
      4,400 SF

      Move-in Ready Office Space

      Office space with marquee signage and covered parking available.
      8191 College Pkwy, Fort Myers, FL 33919
      View Details
    • Contact for pricing
      2,482 SF

      Retail Space in Fort Myers

      Retail spaces available in a renovated Fort Myers shopping center.
      8595-8609 College Pkwy, Fort Myers, FL 33919
      View Details
    • $20 SF/Yr
      2,275 SF

      Retail Space in Publix-Anchored Center

      Retail space for lease in Fort Myers shopping center.
      4600 Summerlin Rd, Fort Myers, FL 33919
      View Details
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    Fort Myers, FL 33919-4988
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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