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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Distribution centers
12721 Metro Pkwy Ste 1 Fort Myers, FL 33966-1356
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3384294
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Total area
2,784 SF
Lot
0.12 ac (5,237 SF)
APN
18-45-25-03-0000A.0010
UPID
US18-3384294
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
$575k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$500k
Owner & transaction history
Affordable Kitchen & Bath Holdings · 3 yrs held
Affordable Kitchen & Bath Holdings
since 2023
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$775,000
+76.5%
Medical building
$740,000
+68.3%
Retail stores
$725,000
+64.9%
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
$555,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$440,000
Current use
OFFICE BUILDING
$775,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (May 26 2023)
Last sale anchor
$500k
May 26 2023
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
$180 / 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
$4,032
Tax year 2023
Assessed value
$391,018
Assessed 2023
Previous assessed
$248,936
+57.1% YoY
Effective rate
1.03%
On assessed value
Assessed improvement
$391,018
Improvement market value
$391,018
Total market value
$391,018
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,784 SF
Lot
0.12 ac (5,237 SF)
APN
18-45-25-03-0000A.0010
UPID
US18-3384294
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
WAREHOUSE, STORAGE Current
Est. value
$440,000
OFFICE BUILDING
Est. value
$775,000
MEDICAL BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1985
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Affordable Kitchen & Bath Holdings
Entity
Mailing address
12721 METRO PKWY, FORT MYERS, FL 33966-9300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 26, 2023
$500,000
Affordable Kitchen & Bath Holdings
Mark Geiger
Warranty Deed
$433,000 · Synovus Bank
Feb 14, 2017
—
Mark Geiger
Markel Ents
Quit Claim Deed
related
—
Nov 25, 2002
$345,000
Mar Kel Enterprises INC
Irwin,judy
Grant Deed
—
—
—
Stephenberg Real Estate LLC
—
Deed Of Trust
related
$100,000 · First National Bank Ft Myers
—
—
Mark-kel Enterprises INC
—
Deed Of Trust
related
$200,000 · First National Bank Florida
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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