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Property profile & analytics
OFF-MARKET
Estimated value
$15,700,000
Flex space
11600 Adelmo Ln Fort Myers, FL 33966-8400
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5469770
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Construction
CONCRETE
Total area
141,045 SF
Lot
10.54 ac (459,122 SF)
Zoning code
IL
APN
07-45-25-00-00004.0010
UPID
US18-5469770
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
-
Croci North America Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.81M
Comparable Approach
Comparable
$18.51M
Blend (final)
Blend
$15.70M
Owner & transaction history
Adelmo Nobel LLC · 4 yrs held
Adelmo Nobel LLC
since 2022
Last sale
$15.2M
7 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$16,170,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,460,000
6.5%
$19,810,000
7%
$18,395,000
Blend value · Realmo final
$15.70M
Range $14.13M – $17.27M · ±10% · vs last sale $15.20M (Apr 19 2022)
Last sale anchor
$15.20M
Apr 19 2022
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
$111 / 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
$113,321
Tax year 2023
Assessed value
$8,336,082
Assessed 2023
Previous assessed
$8,336,082
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,754,732
Assessed improvement
$5,581,350
Land market value
$2,754,732
Improvement market value
$5,581,350
Total market value
$8,336,082
Applied tax rate
47.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
141,045 SF
Lot
10.54 ac (459,122 SF)
Zoning code
IL
APN
07-45-25-00-00004.0010
UPID
US18-5469770
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FL
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
10.54 ac
Current owner
From public records · entity-resolved
Adelmo Nobel LLC
Entity
Mailing address
1449 37TH ST STE #414, BROOKLYN, NY 11218-4383
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
$15,200,000
Adelmo Nobel LLC
Orchard K&g Associates LLC
Warranty Deed
$10,000,000 · Bellco Cu
Nov 16, 2006
$7,451,000
Croci Real Estate LLC
Mak One LLC
Warranty Deed
—
Nov 14, 2005
—
Makone LLC
—
Trustees Deed
related
$2,600,000 · Kathy Morgan
Oct 1, 2004
—
Mak One LLC
William H Reynolds
Quit Claim Deed
related
$2,216,250 · Florida Community Bank
Oct 1, 2004
$2,955,000
Mak One LLC
Beckett,john
Grant Deed
—
Aug 15, 1997
$172,600
Dorothy A Birch
Metro Three INC
Grant Deed
—
Aug 6, 1997
$222,800
Modern Air Conditioning INC
William H Reynolds Co
Grant Deed
—
May 22, 1997
$116,900
Donald E Brooks
William H Reynolds Co
Grant Deed
—
May 21, 1997
$100,300
Metro Three INC
William R Reynolds Co
Grant Deed
—
—
—
Croci Real Estate LLC
—
Deed Of Trust
related
$13,430,000 · Fifth Third Bank
—
—
Mak One LLC
—
Deed Of Trust
related
$390,000 · Bank Of Florida Sw
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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