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Property profile & analytics
OFF-MARKET
Estimated value
$2,210,000
Warehouses
10002 Bavaria Rd Fort Myers, FL 33913-8524
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-4046557
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
12,650 SF
Lot
1.75 ac (76,121 SF)
Zoning code
IPD IPD IPD
APN
15-45-25-01-0000D.0010
UPID
US18-4046557
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
-
Red Bull Distributing Tampa Distribution Center Logistics Company
-
Discover Surfaces Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.21M
Owner & transaction history
10002 Bavaria LLC · 14 yrs held
10002 Bavaria LLC
since 2011
5 recorded transactions
Zoning & alternative use
IPD IPD IPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+25.3%
Retail stores
$3.3M
+22.7%
Neighborhood: shopping center
$3.0M
+11.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,150,000
6.5%
$1,985,000
7%
$1,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,685,000
Current use
MEDICAL BUILDING
$3,360,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$3,295,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,990,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.21M
Range $1.99M – $2.43M · ±10%
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
$175 / 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
$18,002
Tax year 2023
Assessed value
$2,108,347
Assessed 2023
Previous assessed
$1,387,736
+51.9% YoY
Effective rate
0.85%
On assessed value
Assessed land
$681,372
Assessed improvement
$1,426,975
Land market value
$681,372
Improvement market value
$1,426,975
Total market value
$2,108,347
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
6
Total area
12,650 SF
Lot
1.75 ac (76,121 SF)
Zoning code
IPD IPD IPD
APN
15-45-25-01-0000D.0010
UPID
US18-4046557
Jurisdiction
LEE
Zoning & alternative use
IPD IPD IPD · Fort Myers, FL
Zoning IPD IPD IPD · permitted uses
IPD IPD IPD · 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 Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.75 ac
Current owner
From public records · entity-resolved
10002 Bavaria LLC
Entity
Mailing address
10002 BAVARIA RD, FORT MYERS, FL 33913-8524
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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 4, 2025
—
10002 Bavaria LLC
—
Deed
related
$800,000 · Sanibel Captiva Community Bank
Sep 30, 2011
$580,000
10002 Bavaria LLC
Branch Banking & Trust Company
Special Warranty Deed
$464,000 · Td Bank NA
Feb 9, 2011
$1,329,466
Colonial Bk
Packard,martin S
Deed In Lieu Of Foreclosure
—
May 11, 2005
$990,000
Packard Martin S Trust
Euro-florida LLC
Warranty Deed
—
Sep 23, 2004
$226,000
Euro-florida LLC
Airport Woods Commerce Center
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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