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Property profile & analytics
OFF-MARKET
Estimated value
$11,700,000
Warehouses
10688 Colonial Blvd Fort Myers, FL 33913-8701
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1831032
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
43,950 SF
Lot
3.23 ac (140,832 SF)
Zoning code
SDA
APN
35-44-25-P2-03500.0040
UPID
US18-1831032
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.74M
CAP Approach
CAP
$7.13M
Comparable Approach
Comparable
$11.07M
Blend (final)
Blend
$11.70M
Owner & transaction history
Ps Florida One INC · 5 yrs held
Ps Florida One INC
since 2021
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
SDA · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.8M
+69.1%
Office building
$13.2M
+41.9%
Medical building
$11.7M
+25.3%
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
$12,635,000
ML approach
$10,740,000
CAP Approach
CAP Return
Estimation
6%
$7,725,000
6.5%
$7,130,000
7%
$6,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,325,000
Current use
COMMERCIAL (GENERAL)
$15,775,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$13,235,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$11,680,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$11,445,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,390,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$11.70M
Range $10.53M – $12.87M · ±10% · vs last sale $12.65M (May 11 2021)
Last sale anchor
$12.65M
May 11 2021
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
$266 / 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
$227,680
Tax year 2023
Assessed value
$16,791,216
Assessed 2023
Previous assessed
$16,791,216
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$6,649,805
Assessed improvement
$10,141,411
Land market value
$6,649,805
Improvement market value
$10,141,411
Total market value
$16,791,216
Applied tax rate
90.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
8
Total area
43,950 SF
Lot
3.23 ac (140,832 SF)
Zoning code
SDA
APN
35-44-25-P2-03500.0040
UPID
US18-1831032
Jurisdiction
LEE
Zoning & alternative use
SDA · Fort Myers, FL
Zoning SDA · permitted uses
SDA · 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
$9.3M
COMMERCIAL (GENERAL)
Est. value
$15.8M
OFFICE BUILDING
Est. value
$13.2M
MEDICAL BUILDING
Est. value
$11.7M
RETAIL STORES
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
8
Lot
3.23 ac
Current owner
From public records · entity-resolved
Ps Florida One INC
Entity
Free & Clear · 5 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2021
$12,650,000
Ps Florida One INC
Arbor Towne Storage LLC
Special Warranty Deed
—
Jan 2, 2018
$1,200,000
Arbor Towne Storage LLC
Godwill Industries Of Southwest Flo
Special Warranty Deed
—
Jan 4, 2011
—
Goodwill Industries Of Southwest
—
Deed Of Trust
related
$8,486,000 · Suntrust Bank NA
Feb 2, 2010
$3,360,000
Goodwill Industries Of Southwest
Regions Bk
Grant Deed
$2,856,000 · Regions Bank
Jan 12, 2010
$1,650,100
Regions Bk
Tgi Fort Myers Treelin Coc
Trustees Deed
related
—
Feb 15, 2008
$9,300,000
Tgi Fort Myers-treeline LLC
100 Treeline East LLC
Grant Deed
$19,175,000 · Regions Bank
Dec 30, 2004
$8,000,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$5,600,000 · Bay Colony-gateway INC
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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