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Property profile & analytics
OFF-MARKET
Estimated value
$5,665,000
Warehouses
11181 Kelly Rd Fort Myers, FL 33908-3312
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3950946
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,572 SF
Lot
3.98 ac (173,282 SF)
Zoning code
CPD
APN
06-46-24-01-00008.0020
UPID
US18-3950946
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
-
Rental Office Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
$6.68M
Blend (final)
Blend
$5.67M
Owner & transaction history
Ps Florida One INC · 12 yrs held
Ps Florida One INC
since 2014
5 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+65.9%
Office building
$7.1M
+34.1%
Medical building
$6.5M
+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%
$4,320,000
6.5%
$3,985,000
7%
$3,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,315,000
Current use
COMMERCIAL (GENERAL)
$8,820,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$7,125,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$6,530,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$6,400,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,810,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$5.67M
Range $5.10M – $6.23M · ±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
$231 / 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
$86,464
Tax year 2023
Assessed value
$10,587,788
Assessed 2023
Previous assessed
$10,587,788
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,437,547
Assessed improvement
$9,150,241
Land market value
$1,437,547
Improvement market value
$9,150,241
Total market value
$10,587,788
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
5
Stories
2
Bathrooms
4
Total area
24,572 SF
Lot
3.98 ac (173,282 SF)
Zoning code
CPD
APN
06-46-24-01-00008.0020
UPID
US18-3950946
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · 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
$5.3M
COMMERCIAL (GENERAL)
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Bathrooms
4
Lot
3.98 ac
Current owner
From public records · entity-resolved
Ps Florida One INC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jul 7, 2014
$3,800,000
Ps Florida One INC
Kelly Road Self Storage LLC
Grant Deed
—
Sep 4, 2012
$1,800,000
Kelly Road Self Storage LLC
Us Bank NA 2005-c18
Grant Deed
—
Jul 7, 2011
$30,100
Bayview Ln Svcg LLC
Kelly Road LLC Coc
Trustees Deed
—
Mar 11, 1999
$125,000
Kelly Road Self-storage LLC
Joiner,donald E
Grant Deed
—
—
—
Kelly Road Self-storage LLC
—
Deed Of Trust
related
$3,550,000 · Wachovia Bank NA
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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