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Property profile & analytics
OFF-MARKET
Estimated value
$13,665,000
Hotels
9501 Marketplace Rd Fort Myers, FL 33912-0309
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5713108
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
FRAME
Total area
14,262 SF
Lot
2.75 ac (119,616 SF)
Zoning code
CPD
APN
22-45-25-13-00000.0010
UPID
US18-5713108
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
-
Ro-Lin Rentals & Sales Car Rental Facility
-
SpringHill Suites Fort Myers Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.64M
Blend (final)
Blend
$13.67M
Owner & transaction history
Fort Myers Hotel Two LLC · 2 yrs held
Fort Myers Hotel Two LLC
since 2024
Last sale
$13.7M
5 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.4M
+65.7%
Restaurant
$8.9M
+40.7%
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
$13,665,000
ML approach
$13,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,430,000
Change: +66% · Conversion: Difficult
RESTAURANT
$8,860,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$13.67M
Range $12.30M – $15.03M · ±10% · vs last sale $13.66M (Apr 2 2024)
Last sale anchor
$13.66M
Apr 2 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
$958 / 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
$184,122
Tax year 2023
Assessed value
$16,453,618
Assessed 2023
Previous assessed
$16,453,618
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$4,231,296
Assessed improvement
$12,222,322
Land market value
$4,231,296
Improvement market value
$12,222,322
Total market value
$16,453,618
Applied tax rate
47.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
4
Bathrooms
106
Total area
14,262 SF
Lot
2.75 ac (119,616 SF)
Zoning code
CPD
APN
22-45-25-13-00000.0010
UPID
US18-5713108
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · 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
AUTO REPAIR, GARAGE
Est. value
$10.4M
RESTAURANT
Est. value
$8.9M
AUTO REPAIR, GARAGE
RESTAURANT
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
106
Lot
2.75 ac
Current owner
From public records · entity-resolved
Fort Myers Hotel Two LLC
Entity
Mailing address
4651 SHERIDAN ST #480, FORT LAUDERDALE, FL 33301
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$13,662,900
Fort Myers Hotel Two LLC
Sreit Ss Fort Myers Propco LLC
Special Warranty Deed
related
$12,310,000 · Starwood Mortgage Capital LLC
Jan 16, 2019
$13,325,000
Sreit Ss Fort Myers Propco LLC
Nf II Of Ci Ft Myers Airport LLC
Grant Deed
$9,132,000 · Wilmington Tr N #2015-c26 (ce)
Dec 5, 2014
$9,980,000
Nf II/ci Fort Myers Airport LLC
Mckibbon Brothers INC
Special Warranty Deed
$9,132,000 · Wells Fargo Bank NA
Feb 10, 2005
—
Mckibbon Hotel Group Of Ft Myers
—
Trustees Deed
related
$7,711,500 · Gainesville Bank & Trust
Nov 8, 2004
$1,000,000
Mckibbon Brothers INC
Worthington Of Renaissance LLC
Warranty 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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