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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Drug stores
9451 Cypress Lk Dr Fort Myers, FL 33919-4909
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0664819
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,995 SF
Lot
0.48 ac (20,822 SF)
Zoning code
C-2
APN
21-45-24-00-00022.0010
UPID
US19-0664819
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
-
Cypress Pharmacy Pharmacy
-
Thomas J. DePaola Jr, RPh Pharmacy
-
Cypress Lake Commons Business Service Center Corporate Office
-
Medical Waste Pros Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$405k
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$650k
Owner & transaction history
Ceravolo Cp Property LLC · 2 yrs held
Ceravolo Cp Property LLC
since 2024
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
C-2 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$715,000
+37.8%
Medical building
$530,000
+2.1%
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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$405,000
7%
$375,000
Alternative Use
Use
Estimation
RETAIL STORES
$520,000
Current use
COMMERCIAL (GENERAL)
$715,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$530,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: -5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Apr 16 2024)
Last sale anchor
$650k
Apr 16 2024
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
$326 / 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
$6,788
Tax year 2023
Assessed value
$551,898
Assessed 2023
Previous assessed
$551,898
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$195,512
Assessed improvement
$356,386
Land market value
$195,512
Improvement market value
$356,386
Total market value
$551,898
Applied tax rate
68.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
1,995 SF
Lot
0.48 ac (20,822 SF)
Zoning code
C-2
APN
21-45-24-00-00022.0010
UPID
US19-0664819
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
RETAIL STORES Current
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$715,000
MEDICAL BUILDING
Est. value
$530,000
OFFICE BUILDING
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Ceravolo Cp Property LLC
Entity
Mailing address
2307 EVEREST PKWY, CAPE CORAL, FL 33904-3367
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
$650,000
Ceravolo Cp Property LLC
Patriots Holdings LLC
Special Warranty Deed
$2,394,000 · First Financial Bank
Jun 11, 2014
$533,000
Patriots Holdings LLC
Freeland,george T
Warranty Deed
$1,450,000 · Live Oak Bkg
Aug 27, 2010
$778,709
George T Freeland
Freeland,christopher G & Susan E
Warranty Deed
related
—
Sep 22, 2004
$230,000
Florida Direct Investments LLC
Olson Pearl Trust
Grant Deed
—
Feb 12, 2003
$208,500
Christopher G Freeland
Steve Beasley Construction Co
Grant Deed
—
May 31, 2002
$162,500
Steve Beasley Construction Co
Brean,john & Norma
Grant Deed
—
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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