11480 Palm Bch Blvd Fort Myers, FL 33905-5915
Individually Owned
4-yr Hold
~
Est. High Equity
Estimated value (blended)
$790k
Range $711k – $869k (±10%)
Implied cap rate
4.20%
In-place · NOI ÷ last sale
Property ID
US18-3370190
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
STEEL FRAME
Total area
3,280 SF
Lot
1.8 ac (78,408 SF)
Zoning code
C2
APN
36-43-25-00-00007.0000
UPID
US18-3370190
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store Agricultural Supply
-
Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$790k
Owner & transaction history
since 2022
Last sale
$875,000
3 recorded transactions
Zoning & alternative use
C2 · Fort Myers, FL
Top alternative use upside
Commercial (general)
$1.2M
+44.8%
Office building
$900,000
+10.5%
Medical building
$870,000
+7.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$790k
Value range
$711k – $869k
±10% around blend
Estimated value / SF
$241 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$711k
blend $790k
$869k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,280 SF
Lot area
1.8 ac
Year built
1956
Stories
1
APN
36-43-25-00-00007.0000
Assessed value
$379,251
Annual tax
$5,156
3
Income approach: direct capitalization
Partial preview
Income approach indication
$515k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$555k
@ 6.5% CAP return
$515k
@ 7% CAP return
$480k
4
Sales comparison
Partial preview
Sales approach indication
$426k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.3 mi away · 3,504 SF
9.2 mi away · 2,544 SF
9.7 mi away · 3,000 SF
9.8 mi away · 2,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$790k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$248
-3%
Submarket 498 sales
$190
+27%
County 735 sales
$205
+18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $241/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+45%
vs current-use indication
Office Building
Medical Building
Retail Stores
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
4.20%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.20%
9.0%
NOI (est.)
$61k *
Last sale · Jun 2022
$875k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.46M
Move the market yield to see immediate price impact.
Value / SF
$445
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.70%4.20%4.70%
$55k
$1.49M
$1.31M
$1.17M
$61k
$1.66M
$1.46M
$1.30M
$67k
$1.82M
$1.60M
$1.43M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$416k
3.9 mi · Oct 2025 · $177/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,156
Tax year 2023
Assessed value
$379,251
Assessed 2023
Previous assessed
$321,535
+18.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$313,632
Assessed improvement
$65,619
Land market value
$313,632
Improvement market value
$65,619
Total market value
$379,251
Applied tax rate
235.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
3,280 SF
Lot
1.8 ac (78,408 SF)
Zoning code
C2
APN
36-43-25-00-00007.0000
UPID
US18-3370190
Jurisdiction
LEE
Zoning & alternative use
C2 · Fort Myers, FLZoning C2 · permitted uses
C2 · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Fort Myers, FL
Recorded code
C2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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