Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$32,985,000
Distribution centers
10400 Meridian Ctr Pkwy Fort Myers, FL 33913-9707
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8382597
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Construction
CONCRETE
Total area
201,426 SF
Lot
15 ac (653,400 SF)
Zoning code
MPD
APN
02-46-25-L1-06000.0010
UPID
US18-8382597
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
by Request
CAP Approach
CAP
$31.60M
Comparable Approach
Comparable
$37.83M
Blend (final)
Blend
$32.99M
Owner & transaction history
Meridian Center North LLC · 8 yrs held
Meridian Center North LLC
since 2017
5 recorded transactions
Zoning & alternative use
MPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$53.5M
+25.3%
Retail stores
$52.4M
+22.7%
Neighborhood: shopping center
$47.6M
+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%
$34,230,000
6.5%
$31,595,000
7%
$29,340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$42,740,000
Current use
MEDICAL BUILDING
$53,535,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$52,445,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$47,625,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$32.99M
Range $29.69M – $36.28M · ±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
$164 / 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
$281,281
Tax year 2023
Assessed value
$27,301,140
Assessed 2023
Previous assessed
$22,070,444
+23.7% YoY
Effective rate
1.03%
On assessed value
Assessed land
$5,773,442
Assessed improvement
$21,527,698
Land market value
$5,773,442
Improvement market value
$21,527,698
Total market value
$27,301,140
Applied tax rate
71.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
201,426 SF
Lot
15 ac (653,400 SF)
Zoning code
MPD
APN
02-46-25-L1-06000.0010
UPID
US18-8382597
Jurisdiction
LEE
Zoning & alternative use
MPD · Fort Myers, FL
Zoning MPD · permitted uses
MPD · 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
$42.7M
MEDICAL BUILDING
Est. value
$53.5M
RETAIL STORES
Est. value
$52.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$47.6M
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
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
15 ac
Current owner
From public records · entity-resolved
Meridian Center North LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1 TEXAS STA CT STE #200, TIMONIUM, MD 21093-8288
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 14, 2021
—
Jetport Loop LLC
—
Deed
related
$59,500,000 · Lincoln National Life Insurance Company
Aug 10, 2017
$2,108,400
Meridian Center North LLC
Meridian Airport Park LLC
Grant Deed
related
—
Aug 10, 2017
$1,660,600
Meridian Center South LLC
Meridian Airport Park LLC
Grant Deed
related
—
Oct 29, 2009
—
Bancamerica Realty Finance INC
Airport Technology Cente Coc
Trustees Deed
related
—
Mar 30, 2007
$23,000,000
Bancamerica Realty Finance INC
Owner Name Unavailable
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10400 Meridian Ctr Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
