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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Warehouses
10900 Lee Mar Lk Ct Fort Myers, FL 33908-3499
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6146942
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
13,113 SF
Lot
5.44 ac (237,010 SF)
Zoning code
IL
APN
32-45-24-L4-U0702.3279
UPID
US18-6146942
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
$2.13M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$2.98M
Owner & transaction history
Pine Ridge Rv Storage LLC · 6 yrs held
Pine Ridge Rv Storage LLC
since 2020
1 recorded transaction
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+65.9%
Office building
$3.8M
+34.1%
Medical building
$3.5M
+22.8%
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%
$2,305,000
6.5%
$2,130,000
7%
$1,975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,835,000
Current use
COMMERCIAL (GENERAL)
$4,705,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$3,805,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$3,485,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$3,415,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,100,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$227 / 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
$45,706
Tax year 2023
Assessed value
$3,875,330
Assessed 2023
Previous assessed
$3,875,330
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,066,261
Assessed improvement
$2,809,069
Land market value
$1,066,261
Improvement market value
$2,809,069
Total market value
$3,875,330
Applied tax rate
68.0000
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
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
13,113 SF
Lot
5.44 ac (237,010 SF)
Zoning code
IL
APN
32-45-24-L4-U0702.3279
UPID
US18-6146942
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FL
Zoning IL · permitted uses
IL · 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
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
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
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
5.44 ac
Current owner
From public records · entity-resolved
Pine Ridge Rv Storage LLC
Entity
Mailing address
15685 PNE RDG RD, FORT MYERS, FL 33908-2626
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2020
—
Pine Ridge Rv Storage LLC
Ronald E Felts
Grant Deed
$2,000,000 · Iberiabank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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