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    11494 Bonita Bch SE Rd Bonita Springs, FL 34135-5906
    Property profile & analytics

    11494 Bonita Bch SE Rd, Bonita Springs, FL 34135-5906

    View on Map
    • Drug stores
    • 17,419 SF
    • 2.05 lot acres
    Off-Market
    Last Sale Jan 5, 2022
    $7,130,000
    Property ID
    US18-5384980
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,085,000
    Show details
    Cap Rate Potential
    2.5%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Walgreens / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy

    Property Details for 11494 Bonita Bch SE Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.05 lot acres
    Zone code
    CPD
    Property type
    Drug stores
    APN
    36-47-25-B4-00200.0630
    APU
    364725B4002000630

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 5, 2022 $7,130,000 Oak Street Investment Grade Net Lea Project Asteroid Fund V LLC Special Warranty Deed $7.1M · Citibank NA
    Mar 10, 2021 $5,092,500 Project Asteroid Fund V LLC Walgreen Co Special Warranty Deed —
    Sep 27, 2004 — Pauline Hallberg Crisafulli,santo Affidavit Of Death · related —
    Apr 8, 2004 $540,000 Walgreen Co Hanson,richard W & Linda C Grant Deed —
    Apr 8, 2004 $975,000 Walgreen Co Lunn Richard A Trust Warranty Deed —
    Feb 5, 1998 $58,400 Richard W Hanson Hengel,david A & Sylvia S Grant Deed $53k · Main Line Financial

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,025,000
      ML approach
      $8,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,242,000
      Market price range: $4.55M - $9.24M
      AI Estimate
      $4,994,000
      Market price range: $2.01M - $4.99M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,130,000
      Current use
      COMMERCIAL (GENERAL)
      $10,815,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $10,075,000
      Change: +41% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,950,000
      Change: -17% Conversion: Moderate
      OFFICE BUILDING
      $5,730,000
      Change: -20% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bonita Springs
    County
    Lee
    State
    Florida
    Longitude
    -81.7635
    Latitude
    26.3316
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,293
    $2,683,762
    $2,112,663
    $4,796,425
    -
    $2,683,762
    $2,112,663
    $4,796,425

    Comparable in this City

    • Value Estimation
      $2,860,000
      10,514 SF

      27841 Crown Lk Blvd

      DRUG STORE, PHARMACY
      27841 Crown Lk Blvd, Bonita Springs, FL 34135-4200
      View Details
    • Value Estimation
      $3,800,000
      13,854 SF

      11500 Bonita Bch SE Rd

      DRUG STORE, PHARMACY
      11500 Bonita Bch SE Rd, Bonita Springs, FL 34135-5999
      View Details
    • Value Estimation
      $535,000
      2,300 SF

      27100 Old 41st Rd

      RETAIL STORES (PERSONAL SERVICES)
      27100 Old 41st Rd, Bonita Springs, FL 34135-5405
      View Details
    • Value Estimation by Request
      412 SF

      27546 Old 41st Rd

      RETAIL STORES (PERSONAL SERVICES)
      27546 Old 41st Rd, Bonita Springs, FL 34135-5591
      View Details
    • Value Estimation
      $715,000
      3,966 SF

      8801 Terry St

      CONVENIENCE STORE
      8801 Terry St, Bonita Springs, FL 34135-4381
      View Details
    • Value Estimation
      $810,000
      3,029 SF

      12931 Bonita Bch SE Rd

      CONVENIENCE STORE
      12931 Bonita Bch SE Rd, Bonita Springs, FL 34135-8002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.41 Acres

      Bonita Springs Showroom/Retail/Office/Warehouse

      Corner showroom/retail/office/warehouse in professionally managed commercial complex.
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      2,326 SF

      Bonita Springs Commercial Opportunity

      Two buildings on 0.5 acres in Bonita Springs.
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      Bonita Springs Redevelopment Opportunity

      Prime commercial land for redevelopment in Bonita Springs, Florida.
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    • Contact for pricing

      Bonita Springs Showroom/Office Space

      778 SF showroom/office space in central Bonita Springs.
      24850 Old 41 Rd, Bonita Springs, FL 34135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,615 SF

      Retail Space Available For Lease

      Retail space available for rent with air conditioning.
      28235 S Tamiami Trl, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      1,323 SF

      Bonita Springs Retail/Office Space

      Retail or professional office space with prominent signage available for lease.
      11380 Bonita Beach Rd SE, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      1,400 SF

      Bonita Springs Retail Space Available

      Retail space for lease in Publix-anchored Bonita Springs shopping center.
      12870-12950 Trade Way Four, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      3,981 SF

      Retail Space in Bonita Springs

      Retail space available for lease in Bonita Springs, Florida.
      27550 Old 41 Rd, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      2,477 SF

      Retail Space in Bonita Springs

      Retail space available for lease in Bonita Springs, Florida.
      8200 Health Center Blvd, Bonita Springs, FL 34135
      View Details
    • $17 SF/Yr
      3,661 SF

      Prime Frontage on US 41

      High-visibility retail and service space between Estero and Naples.
      27180 Bay Landing Dr, Bonita Springs, FL 34135
      View Details
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    Bonita Springs, FL 34135-5906
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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