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Property profile & analytics
FOR SALE
Industrial land
16191 Lee Rd Fort Myers, FL 33912
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4836240
For Sale
1 / 4
$4,600,000
16191 Lee Rd, Fort Myers, FL 33912
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
10.08 ac (439,085 SF)
Zoning code
IPD
APN
04-46-25-05-00064.0000
UPID
US18-4836240
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
$4.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.73M
Owner & transaction history
Es Fmfl Owner LLC · 2 yrs held
Es Fmfl Owner LLC
since 2024
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
IPD · 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
$4,730,000
ML approach
$4,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.73M
Range $4.26M – $5.20M · ±10% · vs last sale $4.73M (Jul 10 2024)
Last sale anchor
$4.73M
Jul 10 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
—
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
$31,070
Tax year 2023
Assessed value
$3,202,256
Assessed 2023
Previous assessed
$3,202,256
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$3,165,120
Assessed improvement
$37,136
Land market value
$3,165,120
Improvement market value
$37,136
Total market value
$3,202,256
Applied tax rate
71.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Heating
NONE
Lot
10.08 ac (439,085 SF)
Zoning code
IPD
APN
04-46-25-05-00064.0000
UPID
US18-4836240
Jurisdiction
LEE
Zoning & alternative use
IPD · Fort Myers, FL
Zoning IPD · permitted uses
IPD · 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
Heating
NONE
Lot
10.08 ac
Current owner
From public records · entity-resolved
Es Fmfl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5710 BULL RUN DR, COLUMBIA, MO 65201-2860
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$4,729,100
Es Fmfl Owner LLC
Equipmentsharecom INC
Special Warranty Deed
—
Feb 9, 2024
$4,677,000
Equipmentshare Com INC
Lee Road 225 LLC
Special Warranty Deed
—
Aug 27, 2020
—
Lee Road 225 LLC
—
Deed
related
$950,000 · Lake Mi Cu
Aug 30, 2017
$2,800,000
Lee Road 22 5 LLC
Alico Road Business Park LP
Warranty Deed
—
Jul 21, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$5,468,568 · Montgomery Bk
Jul 18, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$2,565,531 · Montgomery Bk
May 10, 2017
$40,100
Montgomery Bk NA
Alico Road Busn Park Coc
Trustees Deed
related
—
Apr 18, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$2,521,288 · Montgomery Bk
Jan 13, 2017
—
Alico Road Business Park LP
—
Deed
related
$6,968,568 · Montgomery Bk
Oct 10, 2016
—
Alico Road Business Park LP
—
Deed
related
$6,968,568 · Montgomery Bk
Jan 12, 2012
—
Alico Road Business Park LP
—
Deed Of Trust
related
$7,000,000 · Montgomery Bank NA
Aug 31, 2010
—
Alico Road Business Park LP
—
Trustees Deed
related
$7,000,000 · Montgomery Bank NA
Dec 5, 2005
$10,172,700
Alico Road Business Park LP
Owner Name Unavailable
Grant Deed
related
$7,100,000 · Gold Bank NA
—
—
Alico Road Business Park LP
—
Loan Modification
related
$7,000,000 · Montgomery Bk
—
—
Lee Road 225 LLC
—
Loan Modification
related
$950,000 · Lake Mi Cu
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,490,029 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$6,968,568 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,490,029 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$6,968,568 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Deed Of Trust
related
$7,000,000 · Montgomery Bank NA
—
—
Alico Road Business Park LP
—
Loan Modification
related
$6,968,568 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,490,029 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$5,200,000 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,500,000 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Deed Of Trust
related
$7,000,000 · Montgomery Bank NA
—
—
Alico Road Business Park LP
—
Loan Modification
related
$7,000,000 · Montgomery Bank 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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