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16121 Pine Ridge Rd, Fort Myers, FL 33908
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Property summary
AI-generated overview
This Fort Myers, Florida industrial property offers 3,000 square feet of immediately available warehouse space within a larger complex at 16141 Pine Ridge Rd, zip code 33908. The property, built in 1988 and renovated in 2022, consists of three single-story buildings totaling 36,000 square feet and featuring eight individual suites. The available space is part of a multi-tenant building with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 3,000 square feet. The warehouse boasts a 16-foot ceiling height, four loading docks, four drive-in doors, and 36 total parking spaces. The property is conveniently located in the South Fort Myers submarket, offering easy access to Summerlin Rd, McGregor Blvd, and San Carlos Blvd. It's zoned IL for light industrial use and features a 3-phase power supply. The property sits on 3.31 acres of land with a building floor area ratio (FAR) of 0.9. This well-maintained property presents a great opportunity for businesses seeking efficient and accessible warehouse space in a prime South Fort Myers location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
STEEL FRAME
Total area
11,545 SF
Lot
5.56 ac (242,110 SF)
Zoning code
IL
APN
05-46-24-02-00000.0030
UPID
US18-3128631
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
-
Landscaping General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.15M
Owner & transaction history
since 2016
4 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Zoning description
The IL District is established in order to protect light industrial uses, promote and protect future development of the district in light industrial usage.
General category
INDUSTRIAL
Top alternative use upside
Office building
$3.4M
+34.1%
Medical building
$3.1M
+22.8%
Retail stores
$3.0M
+20.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.15M
Value range
$1.93M – $2.36M
±10% around blend
Estimated value / SF
$186 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
Income certainty
100
$1.93M
blend $2.15M
$2.36M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,545 SF
Lot area
5.56 ac
Year built
1988
Stories
1
APN
05-46-24-02-00000.0030
Zoning
IL
Assessed value
$2,434,233
Annual tax
$26,205
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.81M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.96M
@ 6.5% CAP return
$1.81M
@ 7% CAP return
$1.68M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$26,205
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.24M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.3 mi away · 12,988 SF
9.6 mi away · 8,900 SF
9.7 mi away · 8,096 SF
10.8 mi away · 12,601 SF
11.0 mi away · 14,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 59 sales
$216
-14%
Submarket 498 sales
$190
-2%
County 735 sales
$205
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $186/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+34%
vs current-use indication
Medical Building
Retail Stores
Neighborhood: Shopping Center
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.69M
Move the market yield to see immediate price impact.
Value / SF
$407
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$296k
$5.92M
$4.23M
$3.29M
$329k
$6.57M
$4.69M
$3.65M
$361k
$7.23M
$5.16M
$4.02M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.65M
6.1 mi · Jan 2026 · $189/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,205
Tax year 2023
Assessed value
$2,434,233
Assessed 2023
Previous assessed
$1,511,813
+61.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$730,676
Assessed improvement
$1,703,557
Land market value
$730,676
Improvement market value
$1,703,557
Total market value
$2,434,233
Applied tax rate
68.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
5
Stories
1
Bathrooms
13
Total area
11,545 SF
Lot
5.56 ac (242,110 SF)
Zoning code
IL
APN
05-46-24-02-00000.0030
UPID
US18-3128631
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FLZoning IL · permitted uses
IL · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The IL District is established in order to protect light industrial uses, promote and protect future development of the district in light industrial usage.
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
13
Lot
5.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IL
INDUSTRIAL
Jurisdiction
Fort Myers, FL
Recorded code
IL
Official district
IL
Official district profile
What the municipal code says about IL
Zoning description
The IL District is established in order to protect light industrial uses, promote and protect future development of the district in light industrial usage.
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IL in Fort Myers, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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