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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
12511 World Plz Ln Fort Myers, FL 33907-3991
Individually Owned
Free & Clear
Property ID
US18-2030712
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Total area
2,801 SF
Lot
0.07 ac (2,903 SF)
APN
14-45-24-47-00000.0500
UPID
US18-2030712
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
-
Dr. Jon F. Knickrehm, DO Physician
-
Dr. Andrew L. Raider, DO Physician
-
Anesthesia & Pain Consultants Medical Billing Service Doctor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$745k
Owner & transaction history
Alvin A Dubin Alzheimers Resource C
Alvin A Dubin Alzheimers Resource C
since 2025
Last sale
$640,100
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+78.2%
Medical building
$745,000
+32.0%
Retail stores
$730,000
+29.3%
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%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$565,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$745,000
Change: +32% · Conversion: Easy
RETAIL STORES
$730,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $640k (Dec 5 2025)
Last sale anchor
$640k
Dec 5 2025
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
$266 / 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
$6,183
Tax year 2023
Assessed value
$592,199
Assessed 2023
Previous assessed
$514,775
+15.0% YoY
Effective rate
1.04%
On assessed value
Assessed improvement
$592,199
Improvement market value
$592,199
Total market value
$592,199
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,801 SF
Lot
0.07 ac (2,903 SF)
APN
14-45-24-47-00000.0500
UPID
US18-2030712
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Alvin A Dubin Alzheimers Resource C
Individual
Free & Clear · 0 yrs held
Mailing address
12511 WORLD PLZ LN #50, FORT MYERS, FL 33907-3991
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$640,100
Alvin A Dubin Alzheimers Resource C
Anesthesiologist III LLC
Warranty Deed
—
Jan 5, 2018
—
Anesthesiologist III LLC
—
Deed
related
$112,035 · Finemark Nat'l Bk&tr
Nov 21, 2012
$240,000
Anesthesiologist III LLC
First Community Bank Of Southwest F
Warranty Deed
$168,000 · Finemark National Bank & Trust
May 13, 2011
$2,200
First Cmnty Bk Of Sw Fl
Imperial Alligator LLC Coc
Trustees Deed
related
—
Mar 17, 2004
$370,000
Imperial Alligator LLC
Andy LLC
Warranty Deed
$277,500 · First Community Bank Sw Fl
Nov 7, 1997
$318,000
Telantis Group Corp
Pocahontas Corp
Grant Deed
—
—
—
Anesthesiologist III LLC
—
Loan Modification
related
$112,035 · Finemark Nat'l Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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