Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2829 Frd St Fort Myers, FL 33916-5501

    • Industrial properties
    • 7,520 SF
    • 2.29 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0934460
    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

    • Time for Service Llc / Auto Repair Shop

    Property Details for 2829 Frd St

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.29 lot acres
    Property size
    7,520 SF
    Zone code
    IH
    Property type
    Industrial properties
    APN
    30-44-25-P2-00002.0070
    APU
    304425P2000020070

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,145,000
      6.5%
      $1,055,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $217k - $852k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.847
    Latitude
    26.6246
    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
    $30,164
    $533,440
    $3,112,659
    $3,646,099
    -
    $533,440
    $3,112,659
    $3,646,099

    Comparable in this City

    • Value Estimation by Request
      48,000 SF

      3695 Ironbridge Blvd

      Manufacturing properties • 48,000 SF
      3695 Ironbridge Blvd, Fort Myers, FL 33916
      View Details
    • Value Estimation by Request
      20.00 Acres

      3840 Van Buren St

      Farms • 20.00 Acres
      3840 Van Buren St, Fort Myers, FL 33916
      View Details
    • Value Estimation by Request
      48,000 SF

      3695 Ironbridge Blvd

      Distribution properties • 48,000 SF
      3695 Ironbridge Blvd, Fort Myers, FL 33916
      View Details
    • Value Estimation
      $2,765,000
      25,001 SF

      3350 Hanson St

      INDUSTRIAL (GENERAL) • 25,001 SF
      3350 Hanson St, Fort Myers, FL 33916-7548
      View Details
    • Value Estimation by Request
      10.40 Acres

      Canal St

      Life science properties • 10.40 Acres
      0 Canal St, Fort Myers, FL 33916
      View Details
    • Value Estimation
      $3,295,000
      22,680 SF

      3901 Dr Martin Luther King Blvd, Unit 3905

      INDUSTRIAL (GENERAL) • 22,680 SF
      3901 Dr Martin Luther King Blvd, Fort Myers, FL 33916-4805
      View Details

    Similar Nearby for Sale

    • $2,295,000
      8.17 Acres

      Fort Myers Industrial Land - 8 Acres

      Prime 8-acre industrial site, ideal for outdoor storage.
      3960 Canal St, Fort Myers, FL 33916
      View Details
    • $4,450,000
      20.00 Acres

      Fort Myers Industrial Land

      20± Acres, Light Industrial Development
      3840 Van Buren St, Fort Myers, FL 33916
      View Details
    • $4,795,000
      24,700 SF

      Riverside Drive Industrial Property

      Fort Myers flex space, riverfront location.
      3131 Riverside Dr, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      12,300 SF

      Industrial Property in Fort Myers

      Industrial property with highway access in Fort Myers, Florida.
      2015 Arcadia St, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      8.59 Acres

      Fort Myers Industrial Property Available

      Industrial property available in Fort Myers, ready September 1, 2025.
      4000-4051 Warehouse Rd, Fort Myers, FL 33916
      View Details
    • $1,400,000
      5,832 SF

      Functional Industrial Building on Metro

      5,832 SF industrial building with showroom, warehouse, and office.
      11791 Metro Pkwy, Fort Myers, FL 33916
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      99,317 SF

      Fort Myers Industrial Land for Sale

      2.28 Acres, Heavy Industrial, Secure Yard
      3401 Old Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $3,000 /Mo
      2,500 SF

      Metro Parkway Warehouse Space

      2,500 SF warehouse with drive-through doors and office.
      12700 Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $15 SF/Yr
      67,197 SF

      Fort Myers Industrial Portfolio

      Multi-tenant flex space, Lee County.
      2853-2861 Work Dr, Fort Myers, FL 33916
      View Details
    • $13 SF/Yr
      42,220 SF

      Industrial Building on 2.76 Acres

      Industrial building featuring office space, dock doors, and sprinkler system.
      3661 Ironbridge Blvd, Fort Myers, FL 33916
      View Details
    • $14 SF/Yr
      21,042 SF

      Industrial Warehouse with Secured Yard

      21,042 SF warehouse with office, loading dock, secured yard.
      3200 Hanson St, Fort Myers, FL 33916
      View Details
    • $15 SF/Yr
      1,140 SF

      Industrial Flex Space Available

      Multi-tenant industrial flex park with grade-level doors for lease.
      2853 Work Dr, Fort Myers, FL 33916
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2829 Frd St
    Fort Myers, FL 33916-5501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.