Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    116 Jerome Dr Immokalee, FL 34142-3808
    Back to Search
    Property profile & analytics

    116 Jerome Dr, Immokalee, FL 34142-3808

    View on Map
    • Office buildings
    • 8,645 SF
    • 1.27 lot acres
    Off-Market
    Property ID
    US18-2207239
    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
    $1,575,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 116 Jerome Dr

    Year built
    1974
    Lot size
    1.27 lot acres
    Zone code
    C-5-AOSD
    Property type
    Office buildings
    APN
    30630360009
    APU
    30630360009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 12, 2009 $750,000 Crop Production Services INC Nobles,geraldine B Warranty Deed —
    — — Lewis J Nobles JR. — Deed Of Trust · related $400k · Florida Community Bank
    — — Geraldine B Nobles — Deed Of Trust · related $800k · Florida Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Immokalee
    County
    Collier
    State
    Florida
    Longitude
    -81.4126
    Latitude
    26.4196
    CBSA code
    34940
    CBSA name
    NAPLES-MARCO ISLAND, 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
    $7,868
    $220,776
    $355,066
    $575,842
    -
    $220,776
    $355,066
    $575,842

    Comparable in this City

    • Value Estimation
      $1,275,000
      7,000 SF

      106 2nd St

      OFFICE BUILDING
      106 2nd St, Immokalee, FL 34142-3951
      View Details
    • Value Estimation
      $1,100,000
      3,842 SF

      125 Boston Ave

      OFFICE BUILDING
      125 Boston Ave, Immokalee, FL 34142-4017
      View Details
    • Value Estimation
      $5,085,000
      28,582 SF

      750 5th St

      OFFICE BUILDING
      750 5th St, Immokalee, FL 34142-4301
      View Details
    • Value Estimation
      $1,355,000
      7,451 SF

      1170 Harvest Dr

      OFFICE BUILDING
      1170 Harvest Dr, Immokalee, FL 34142-2190
      View Details
    • Value Estimation
      $1,185,000
      6,340 SF

      315 New Market E Rd

      OFFICE BUILDING
      315 New Market E Rd, Immokalee, FL 34142-3509
      View Details
    • Value Estimation
      $545,000
      2,700 SF

      1312 New Market W Rd

      OFFICE BUILDING
      1312 New Market W Rd, Immokalee, FL 34142-2202
      View Details

    Similar Nearby for Sale

    • $4,475,000
      Pending

      Immokalee Commercial Office Building For Sale

      Well-maintained commercial office building in Immokalee, Florida, with abundant parking.
      750 S 5Th St, Immokalee, FL 34142
      View Details
    • $1,200,000
      0.46 Acres

      Distinctive Commercial Property in Immokalee

      High-visibility commercial property suitable for retail, medical, or professional uses.
      1312 N 15Th St, Immokalee, FL 34142
      View Details
    • Contact for pricing
      Pending

      Commercial Office Building For Sale

      Well-maintained office building with versatile layout and abundant parking.
      750 S 5Th St, Immokalee, FL 34142
      View Details
    • New
      $950,000
      0.96 Acres

      Immokalee Office Building on SR 29

      Income-producing property with offices, lobby, and convenient access to major cities.
      1300 N 15Th St, Immokalee, FL 34142
      View Details
    • Contact for pricing
      1,495 SF

      Wendy's Restaurant Ground Lease

      Wendy's in Immokalee, Florida, subject to a new 20-year lease.
      830 N 15Th St, Immokalee, FL 34142
      View Details
    • Contact for pricing
      6,151 SF

      Prime Land in Immokalee, FL

      Exceptional investment opportunity in a growing Immokalee commercial district.
      211 N 9Th St, Immokalee, FL 34142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,750 SF

      Immokalee Office Space Available

      3,750 sq ft office space in Immokalee, Florida.
      2050 Commerce Ave, Immokalee, FL 34142
      View Details
    • $11 SF/Yr

      Immokalee Commercial Space For Rent

      Retail, office, warehouse, and industrial spaces available for lease.
      2050 Commerce Ave, Immokalee, FL 34142
      View Details
    • $95,000

      Corner Commercial Land in Immokalee

      Prime commercial land for lease in high-traffic Immokalee location.
      Pinellas St, Immokalee, FL 34142
      View Details
    • Contact for pricing

      Neighborhood Center Retail Sublease

      Gray shell retail space available for sublease in a neighborhood center with high annual visits.
      1602 Lake Trafford Rd, Immokalee, FL 34142
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 Jerome Dr
    Immokalee, FL 34142-3808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 Jerome Dr, Immokalee, FL, 34142
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!