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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12971 Mcgregor Blvd Fort Myers, FL 33919-5909

    • Banks
    • 4,329 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2022
    $1,200,000
    Value Estimations
    $1,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2301492
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BB&T Insurance Services / Insurance Agency
    • BB&T Mortgage / Mortgage Broker / Mortgage Lender
    • BB&T ATM / Atm

    Property Details for 12971 Mcgregor Blvd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    4,329 SF
    Zone code
    C-1A
    Property type
    Banks
    APN
    16-45-24-00-00013.003A
    APU
    1645240000013003A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,275,000
      ML approach
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $941,000
      Market price range: $606k - $1.18M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $920,000
      Current use
      COMMERCIAL (GENERAL)
      $1,555,000
      Change: +69% Conversion: Difficult
      MEDICAL BUILDING
      $1,150,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $1,125,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $1,070,000
      Change: +16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,025,000
      Change: +11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $820,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9113
    Latitude
    26.553
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,431
    $471,755
    $288,582
    $760,337
    -
    $471,755
    $288,582
    $760,337

    Comparable in this City

    • Value Estimation by Request
      3,515 SF

      9041 College Pkwy

      FINANCIAL BUILDING • 3,515 SF
      9041 College Pkwy, Fort Myers, FL 33919-4804
      View Details
    • Value Estimation
      $530,000
      5,180 SF

      9100 College Pkwy

      FINANCIAL BUILDING • 5,180 SF
      9100 College Pkwy, Fort Myers, FL 33919-4817
      View Details
    • Value Estimation
      $620,000
      6,803 SF

      9101 College Pointe Ct

      FINANCIAL BUILDING • 6,803 SF
      9101 College Pointe Ct, Fort Myers, FL 33919-3245
      View Details
    • Value Estimation by Request
      1,078 SF

      6700 Winkler Rd Ste, Unit 1

      FINANCIAL BUILDING • 1,078 SF
      6700 Winkler Rd Ste, Fort Myers, FL 33919-7235
      View Details
    • Value Estimation by Request
      4,339 SF

      7040 Winkler Rd

      FINANCIAL BUILDING • 4,339 SF
      7040 Winkler Rd, Fort Myers, FL 33919-7017
      View Details
    • Value Estimation by Request
      4,263 SF

      4670 Summerlin Rd

      FINANCIAL BUILDING • 4,263 SF
      4670 Summerlin Rd, Fort Myers, FL 33919-1063
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Land in Lehigh Acres

      Residential land for sale in Lehigh Acres, Florida.
      634 Keller St, Lehigh Acres, FL 33919
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    • Contact for pricing
      5,363 SF

      Office Space in Fort Myers

      Office spaces available in Fort Myers, Florida.
      6290 Corporate Ct, Fort Myers, FL 33919
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    • $995,000
      0.31 Acres

      Waterfront Lot in Deep Lagoon

      Direct Gulf access lot in Deep Lagoon Estates, Fort Myers.
      122 Placid Dr, Fort Myers, FL 33919
      View Details
    • $1,850,000
      0.67 Acres

      Waterfront Lot Ready for Construction

      Cleared waterfront lot with Gulf access and stunning river views.
      6932 Old Whiskey Creek Dr, Fort Myers, FL 33919
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    • $1,050,000
      0.27 Acres

      Waterfront Land Ready For Development

      Direct gulf access lot, ideal for custom home.
      9980 Cypress Lake Dr, Fort Myers, FL 33919
      View Details
    • $1,250,000
      Pending

      RIVERFRONT Lot in McGregor Neighborhood

      Riverfront lot with new seawall and downtown access.
      6928 Old Whiskey Creek Dr, Fort Myers, FL 33919
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,275 SF

      Retail Space in Publix-Anchored Center

      Retail space for lease in Fort Myers shopping center.
      4600 Summerlin Rd, Fort Myers, FL 33919
      View Details
    • Contact for pricing

      Retail Space Near College Parkway

      Retail space available in renovated Fort Myers shopping center.
      8595 College Pkwy, Fort Myers, FL 33919
      View Details
    • $9 SF/Yr
      39,664 SF

      Cypress Square: Fort Myers Office/Retail

      Prime Fort Myers location, upscale shops & restaurants.
      13451 Mcgregor Blvd, Fort Myers, FL 33919
      View Details
    • $25 SF/Yr
      3,240 SF

      Publix-Anchored Retail Space Available

      Retail space in a busy, Publix-anchored shopping center.
      5995 S Pointe Blvd, Fort Myers, FL 33919
      View Details
    • Contact for pricing
      2,482 SF

      Retail Space in Fort Myers

      Retail spaces available in a renovated Fort Myers shopping center.
      8595-8609 College Pkwy, Fort Myers, FL 33919
      View Details
    • $14 SF/Yr
      2,325 SF

      Office Space Available For Rent

      Office spaces for rent in Fort Myers, Florida.
      6290-6296 Corporate Ct, Fort Myers, FL 33919
      View Details
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    12971 Mcgregor Blvd
    Fort Myers, FL 33919-5909
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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