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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Distribution centers
10981 Harmony Park Dr Ste 1 Bonita Springs, FL 34135-1806
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1200749
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Total area
2,812 SF
Lot
0.39 ac (16,861 SF)
APN
02-48-25-B3-00500.0001
UPID
US18-1200749
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
$495k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$560k
Owner & transaction history
10981 Harmony Park Drive 1 LLC · 1 yrs held
10981 Harmony Park Drive 1 LLC
since 2025
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$925,000
+35.0%
Medical building
$805,000
+17.3%
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 Bonita Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonita Springs 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
$540,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
OFFICE BUILDING
$925,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $630k (Feb 22 2025)
Last sale anchor
$630k
Feb 22 2025
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
$199 / 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
$6,209
Tax year 2023
Assessed value
$568,181
Assessed 2023
Previous assessed
$360,407
+57.6% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$568,181
Improvement market value
$568,181
Total market value
$568,181
Applied tax rate
17.0000
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
2001
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,812 SF
Lot
0.39 ac (16,861 SF)
APN
02-48-25-B3-00500.0001
UPID
US18-1200749
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$925,000
MEDICAL BUILDING
Est. value
$805,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
2001
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
10981 Harmony Park Drive 1 LLC
Entity
Mailing address
4401 GULF SHR BLVD N, NAPLES, FL 34103-3450
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 22, 2025
$630,000
10981 Harmony Park Drive 1 LLC
10981 Harmony Park Drive 1llc
Warranty Deed
—
Feb 15, 2021
$415,000
10981 Harmony Park Drive 1 LLC
Kurtis L Wilson
Warranty Deed
—
Aug 6, 2018
$220,000
Kurtis L Wilson
Southwest Creations INC
Warranty Deed
$175,000 · First Florida Integrity Bank
Nov 19, 2013
$180,000
Southwest Creations INC
Harmony Commercial LLC
Warranty Deed
$144,000 · Regions Bank
Jan 8, 2013
$120,000
Harmony Commercial LLC
Fifth Third Bk
Grant Deed
—
Jul 26, 2012
$427,000
Fifth Third Bk
Rpb LLC
Deed In Lieu Of Foreclosure
—
—
—
Southwest Creations INC
—
Deed Of Trust
related
$144,000 · Regions Bank
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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