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Property profile & analytics
OFF-MARKET
Estimated value
$19,860,000
Warehouses
11995 State Rd 82 Fort Myers, FL 33913-9615
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5165050
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
119,952 SF
Lot
5 ac (217,800 SF)
Zoning code
PUD
APN
36-44-25-P2-00060.0000
UPID
US18-5165050
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.46M
Comparable Approach
Comparable
$22.53M
Blend (final)
Blend
$19.86M
Owner & transaction history
Stor-all State Road 82 LLC · 7 yrs held
Stor-all State Road 82 LLC
since 2018
5 recorded transactions
Zoning & alternative use
PUD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$31.9M
+25.3%
Retail stores
$31.2M
+22.7%
Neighborhood: shopping center
$28.4M
+11.4%
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%
$21,085,000
6.5%
$19,460,000
7%
$18,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,455,000
Current use
MEDICAL BUILDING
$31,880,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$31,235,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$28,365,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$19.86M
Range $17.87M – $21.85M · ±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
$166 / 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
$209,957
Tax year 2023
Assessed value
$15,937,266
Assessed 2023
Previous assessed
$15,937,266
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$2,466,193
Assessed improvement
$13,471,073
Land market value
$2,466,193
Improvement market value
$13,471,073
Total market value
$15,937,266
Applied tax rate
90.0000
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Bathrooms
4
Total area
119,952 SF
Lot
5 ac (217,800 SF)
Zoning code
PUD
APN
36-44-25-P2-00060.0000
UPID
US18-5165050
Jurisdiction
LEE
Zoning & alternative use
PUD · Fort Myers, FL
Zoning PUD · permitted uses
PUD · 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
$25.5M
MEDICAL BUILDING
Est. value
$31.9M
RETAIL STORES
Est. value
$31.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.4M
WAREHOUSE, STORAGE Current
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
4
Lot
5 ac
Current owner
From public records · entity-resolved
Stor-all State Road 82 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 2, 2018
$1,650,000
Stor-all State Road 82 LLC
11995 State Route 82 LLC
Grant Deed
—
Sep 3, 2014
$330,000
11995 State Route 82 LLC
Pnc Bk National Assn
Grant Deed
—
Mar 2, 2011
—
Rbc Bk USA
Desimone,michael Coc
Trustees Deed
related
—
Jul 26, 2005
$1,285,000
Michael Desimone
Dockery,samuel E
Warranty Deed
$835,000 · Rbc Centura Bank
Apr 11, 2003
$350,000
Samuel Dockery
Land Trust
Grant Deed
$282,500 · Land Trust
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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