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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Medical Office Space
15901 Bass Rd Fort Myers, FL 33908-3838
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5528413
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,756 SF
Lot
4.02 ac (175,290 SF)
Zoning code
CPD
APN
33-45-24-20-00000.0100
UPID
US18-5528413
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
-
Childrens Hospital Pediatric Hospital Children's Hospital
-
Lee Health Pediatric Gastroenterology Medical Clinic
-
Pediatric Endocrinology | Asjad Khan, MD Pediatrician Medical Clinic
-
Pediatric Neurology | Britt Stroud, MD Physician Medical Clinic
-
Pediatric Behavioral Health | Susan King, PsyD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$5.30M
Owner & transaction history
Lee Health System INC · 1 yrs held
Lee Health System INC
since 2024
Last sale
$5.3M
4 recorded transactions
Zoning & alternative use
CPD · 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
$5,300,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,820,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $5.30M (Nov 1 2024)
Last sale anchor
$5.30M
Nov 1 2024
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
$130 / 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
$1,253
Tax year 2023
Assessed value
$4,295,544
Assessed 2023
Previous assessed
$4,274,593
+0.5% YoY
Effective rate
0.03%
On assessed value
Assessed land
$627,503
Assessed improvement
$3,668,041
Land market value
$627,503
Improvement market value
$3,668,041
Total market value
$4,295,544
Applied tax rate
68.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
40,756 SF
Lot
4.02 ac (175,290 SF)
Zoning code
CPD
APN
33-45-24-20-00000.0100
UPID
US18-5528413
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · 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
WAREHOUSE, STORAGE
Est. value
$8.8M
WAREHOUSE, STORAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.02 ac
Current owner
From public records · entity-resolved
Lee Health System INC
Entity
Free & Clear · 1 yrs held
Mailing address
4211 METRO PKWY STE #100, FORT MYERS, FL 33916-9526
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Lee Health System INC
Lee Memorial Health System
Deed
related
—
Oct 1, 2010
$5,300,000
Lee Memorial Health System
Bondville Associates LLC
Warranty Deed
—
—
—
Bondville Associates LLC
—
Deed Of Trust
related
$300,000 · Colonial Bank
—
—
Bondville Associates LLC
—
Deed Of Trust
related
$69,625 · Aetna Health & Life Ins Co
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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