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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Strip malls
12830 Metro Pkwy Fort Myers, FL 33966-8362
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2126482
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,946 SF
Lot
2.62 ac (114,239 SF)
Zoning code
IL
APN
18-45-25-09-00000.0060
UPID
US18-2126482
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
-
Vision Ace Hardware Building Supply Hardware & Home Improvement
-
Trophy Case of Ft Myers (Bike/Boat/Book/etc) Store
-
Resharp Sharpening Service
-
Royal Palm Closet & Custom Cabinetry Hardware & Home Improvement Kitchen & Bath Showroom
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$2.88M
Owner & transaction history
Gp Holdings LLC · 13 yrs held
Gp Holdings LLC
since 2013
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,275,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±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
$131 / 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
$37,143
Tax year 2023
Assessed value
$3,916,848
Assessed 2023
Previous assessed
$3,396,421
+15.3% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,999,415
Assessed improvement
$1,917,433
Land market value
$1,999,415
Improvement market value
$1,917,433
Total market value
$3,916,848
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
21,946 SF
Lot
2.62 ac (114,239 SF)
Zoning code
IL
APN
18-45-25-09-00000.0060
UPID
US18-2126482
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$4.3M
INDUSTRIAL (GENERAL)
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Gp Holdings LLC
Entity
Mailing address
PO BOX 60726, FORT MYERS, FL 33906-6726
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Guy S Paparella
—
Deed
related
$1,000,000 · Busey Bk
Jun 26, 2019
—
Guy S Paparella
—
Deed
related
$750,000 · Busey Bk
Jul 1, 2013
$576,600
Gp Holdings LLC
Paparella,guy S
Warranty Deed
—
Dec 20, 2005
—
Guy S Paparella
—
Trustees Deed
related
$1,250,000 · Orion Bank
Jan 12, 2001
$400,000
Guy S Paparella
1520 Scran Avenue Realty Corp
Grant Deed
$250,000 · Colonial Bank
Jul 8, 1998
$137,400
Guy Paparella
Ocean Avenue Realty Corp
Grant Deed
—
—
—
Guy S Paparella
—
Deed Of Trust
related
$750,000 · Preferred Community Bank
—
—
Guy S Paparella
—
Deed Of Trust
related
$500,000 · Busey Bank
—
—
Guy S Paparella
—
Loan Modification
related
$430,561 · Busey Bk
—
—
Guy S Paparella
—
Loan Modification
related
$750,000 · Busey Bk
—
—
Guy S Paparella
—
Deed Of Trust
related
$1,000,000 · Orion Bank
—
—
Guy S Paparella
—
Deed Of Trust
related
$560,000 · Busey Bank
—
—
Guy S Paparella
—
Deed Of Trust
related
$750,000 · Bank Of America
—
—
Guy S Paparella
—
Loan Modification
related
$1,000,000 · Busey Bk
—
—
Guy S Paparella
—
Deed Of Trust
related
$1,250,000 · Preferred Community Bank
—
—
Guy S Paparella
—
Deed Of Trust
related
$1,000,000 · Preferred Community Bank
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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