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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Turn key restaurants
9520 Marketplace Rd Fort Myers, FL 33912-0315
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1330779
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,209 SF
Lot
1.92 ac (83,437 SF)
Zoning code
CPD
APN
22-45-25-13-00000.0040
UPID
US18-1330779
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
-
Rusty's Raw Bar & Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.52M
Owner & transaction history
Mmaaa Investments LLC · 4 yrs held
Mmaaa Investments LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,660,000
ML approach
$2,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,125,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.50M (Apr 22 2022)
Last sale anchor
$2.50M
Apr 22 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
$306 / 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
$21,253
Tax year 2023
Assessed value
$1,427,258
Assessed 2023
Previous assessed
$1,419,270
+0.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$684,183
Assessed improvement
$743,075
Land market value
$684,183
Improvement market value
$743,075
Total market value
$1,427,258
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
8,209 SF
Lot
1.92 ac (83,437 SF)
Zoning code
CPD
APN
22-45-25-13-00000.0040
UPID
US18-1330779
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
WAREHOUSE, STORAGE
Est. value
$4.1M
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Mmaaa Investments LLC
Entity
Mailing address
9450 CORKSCREW PALMS CIR, ESTERO, FL 33928-6422
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$2,500,000
Mmaaa Investments LLC
9520 Marketplace LLC
Warranty Deed
$1,875,000 · Synovus Bank
Sep 17, 2018
$1,345,000
9520 Marketplace LLC
Retail Asset Holdings LLC
Affidavit Of Death
—
Aug 27, 2014
$980,000
Retail Asset Holdings LLC
Grampas LLC
Warranty Deed
$750,000 · Central Bank
Nov 18, 2013
$921,500
Grampas LLC
Cnlbank
Grant Deed
$691,000 · Central Bank & Trust
Nov 24, 2010
$68,900
Cnlbank
Emd Group Of Sw Florid Coc
Trustees Deed
related
—
Jan 31, 2005
$1,125,000
Emd Group Of Sw Florida LLC
Worthington Of Renaissance LLC
Warranty Deed
—
—
—
Emd Group Of Sw Florida LLC
—
Deed Of Trust
related
$500,000 · Liberty Federal Savings Bank
—
—
Emd Group Of Sw Florida LLC
—
Deed Of Trust
related
$500,000 · Liberty Bank
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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