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Property profile & analytics
OFF-MARKET
Estimated value
$5,265,000
Flex space
13320 Metro Pkwy Fort Myers, FL 33966-4804
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3700836
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
STEEL FRAME
Total area
50,302 SF
Lot
5.06 ac (220,413 SF)
Zoning code
IL
APN
19-45-25-00-00002.001A
UPID
US18-3700836
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
-
Belle Meade Broadcasting Inc Radio Station Telecommunications Service
-
WCKT Cat Country 107.1 Radio Station Telecommunications Service
-
Reddy Ice Big Box & Wholesale Store Distribution Center
-
95.3 The Beach Radio Station Telecommunications Service
-
iHeartMedia Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.07M
Comparable Approach
Comparable
$6.78M
Blend (final)
Blend
$5.27M
Owner & transaction history
13320 Metro Parkway LLC · 3 yrs held
13320 Metro Parkway LLC
since 2023
Last sale
$4.4M
5 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
$4,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,655,000
6.5%
$7,065,000
7%
$6,560,000
Blend value · Realmo final
$5.27M
Range $4.74M – $5.79M · ±10% · vs last sale $4.43M (Jun 30 2023)
Last sale anchor
$4.43M
Jun 30 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
$105 / 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
$43,422
Tax year 2023
Assessed value
$3,051,354
Assessed 2023
Previous assessed
$3,270,996
-6.7% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,575,071
Assessed improvement
$1,476,283
Land market value
$1,575,071
Improvement market value
$1,476,283
Total market value
$3,051,354
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
9
Total area
50,302 SF
Lot
5.06 ac (220,413 SF)
Zoning code
IL
APN
19-45-25-00-00002.001A
UPID
US18-3700836
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.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
9
Lot
5.06 ac
Current owner
From public records · entity-resolved
13320 Metro Parkway LLC
Entity
Mailing address
2951 US RTE 9W, NEW WINDSOR, NY 12553-5469
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jun 30, 2023
$4,425,000
13320 Metro Parkway LLC
Iheart Operations INC
Special Warranty Deed
$3,097,500 · Salisbury Bank & Trust Co
Nov 2, 2016
—
Vertical Bridge Cc Fm LLC
—
Deed
related
$196,000,000 · Wilmington Trust NA Wilmington Trust NA
Feb 13, 1998
$1,250,000
Clear Channel Real Estate INC
Us Foodservice Of Florida INC
Grant Deed
—
—
—
Vertical Bridge Cc Fm LLC
—
Deed Of Trust
related
$161,700,000 · Bank Of Ny Mellon
—
—
Vertical Bridge Cc Fm LLC
—
Deed Of Trust
related
$196,000,000 · Wilmington Trust NA Wilmington Trust NA
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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