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Property profile & analytics
OFF-MARKET
Estimated value
$7,890,000
Commercial land
Cor Lot Lot Fort Myers Beach, FL 33931
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-7621732
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.16 ac (6,762 SF)
Zoning code
CPD
APN
24-46-23-W3-00202.0130
UPID
US18-7621732
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.89M
Owner & transaction history
Fmb Matanzas LLC · 3 yrs held
Fmb Matanzas LLC
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
CPD · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
35.72 ac
Source
Realmo
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$8,150,000
ML approach
$8,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.89M
Range $7.10M – $8.68M · ±10% · vs last sale $7.50M (Jun 12 2023)
Last sale anchor
$7.50M
Jun 12 2023
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
—
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
$5,528
Tax year 2023
Assessed value
$513,236
Assessed 2023
Previous assessed
$338,086
+51.8% YoY
Effective rate
1.08%
On assessed value
Assessed land
$513,236
Land market value
$513,236
Total market value
$513,236
Applied tax rate
277.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.16 ac (6,762 SF)
Zoning code
CPD
APN
24-46-23-W3-00202.0130
UPID
US18-7621732
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers Beach, FLZoning CPD · permitted uses
CPD · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
35.72 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Fmb Matanzas LLC
Entity
Mailing address
5880 STALEY RD, FORT MYERS, FL 33905-6919
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$7,500,000
Fmb Matanzas LLC
Estero Bay Hotel Company
Special Warranty Deed
—
Oct 17, 2018
—
Estero Bay Hotel Company
—
Deed
related
$250,000 · Midwestone Bank
Aug 16, 2016
—
Estero Bay Hotel Co
—
Deed
related
$250,000 · Midwestone Bk
Dec 9, 2013
—
Estero Bay Hotel Company
Leo J Salvatori
Deed
—
Mar 9, 2009
—
Salvatori Leo J Tr
Estero Bay Hotel
Quit Claim Deed
related
$225,000 · First Community Bank Sw Fl
Dec 4, 2007
—
Leo J Salvatori
Leo J Salvatori
Intrafamily Transfer
related
—
Jul 14, 1997
$180,000
Estero Bay Hotel Co
Workman,joseph & Grace
Grant Deed
$155,000 · Seller
—
—
Estro Bay Hotel Co
—
Deed Of Trust
related
$25,000 · Daw Trust
—
—
Salvatori Leo J Tr
—
Deed Of Trust
related
$75,000 · First Community Bank Sw Fl
—
—
Edward F Streit Trustee
—
Deed Of Trust
related
$400,000 · Colonial Bank
—
—
Estero Bay Hotel Co
—
Loan Modification
related
$250,000 · Midwestone Bk
—
—
Salvatori Leo J Tr
—
Deed Of Trust
related
$1,280,000 · William G P Kreuser
—
—
Edward F Streit Trustee
—
Deed Of Trust
related
$100,000 · Colonial Bank
—
—
Streit,edward F Tr
—
Deed Of Trust
related
$200,405 · Colonial Bank
—
—
Streit,tr
—
Deed Of Trust
related
$150,000 · First Community Bank Sw Fl
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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