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Property profile & analytics
OFF-MARKET
Commercial land
1402 Washington Dr, North Fort Myers, FL 33917
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-1177740
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.21 ac (9,278 SF)
Zoning code
C-1A
APN
36-43-24-01-0000E.0160
UPID
US18-1177740
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raafat Naeim Bishai · 1 yrs held
Raafat Naeim Bishai
since 2025
Last sale
$55,000
7 recorded transactions
Zoning & alternative use
C-1A · North 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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$301
Tax year 2023
Assessed value
$25,466
Assessed 2023
Previous assessed
$16,188
+57.3% YoY
Effective rate
1.18%
On assessed value
Assessed land
$23,195
Assessed improvement
$2,271
Land market value
$23,195
Improvement market value
$2,271
Total market value
$25,466
Applied tax rate
39.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.21 ac (9,278 SF)
Zoning code
C-1A
APN
36-43-24-01-0000E.0160
UPID
US18-1177740
Jurisdiction
LEE
Zoning & alternative use
C-1A · North Fort Myers, FL
Zoning C-1A · permitted uses
C-1A · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Raafat Naeim Bishai
Individual
Free & Clear · 1 yrs held
Mailing address
1107 ANDALUSIA BLVD, CAPE CORAL, FL 33909-1019
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
May 23, 2025
$95,000
Raafat Naeim Bishai
Real Food Factory INC
Warranty Deed
—
Mar 15, 2021
—
Operating Account LLC
Keith Norton
Quit Claim Deed
related
—
Mar 15, 2021
$55,000
Real Food Factory INC
Operating Account LLC
Warranty Deed
$1,036 · Operating Account LLC
Aug 9, 2011
$3,799
Keith Norton
Wells Fargo Bk NA
Grant Deed
—
Nov 15, 2010
$100
Wachovia Bk NA
Christensen,marjorie M Coc
Trustees Deed
related
—
Dec 12, 2005
$75,000
Rita Christensen
Bill Marron
Warranty Deed
$69,485 · Wachovia Bank NA
Jun 30, 2004
$50,000
Bill Marron
J & S Homes INC
Warranty Deed
$50,000 · Johnson Trust (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.
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