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    Property profile & analytics

    16431 Corporate Commerce Way Fort Myers, FL 33913-9658

    • Community centers
    • 11,868 SF
    • 1.61 lot acres
    OFF-MARKET
    Value Estimation
    $8,800,000
    Last Sale
    Jan 05, 2023
    $8,100,000
    Location Intelligence
    Property ID
    US18-5154945
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Michael Lewis, M.D. / Ophthalmologist
    • Paragon Fort Myers Infusion Center / Specialized Clinic
    • Mark Edward Gillespie, M.D. / Ophthalmologist / Optometrist
    • Elizabeth Schwartz, OD / Optometrist / Eye Care Center
    • Verizon / Cell Phone Store / Internet Service Provider

    Property Details for 16431 Corporate Commerce Way

    Year built
    2020
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.61 lot acres
    Property size
    11,868 SF
    Zone code
    MPD
    Property type
    Community centers
    APN
    02-46-25-04-0000D.0000
    APU
    024625040000D0000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,005,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,750,000
      6.5%
      $7,580,000
      7%
      $8,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,270,000
      Geo Method
      $8,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,315,000
      Retail
      $9,230,000
      Mixed-Use
      $7,375,000
      Hospitality
      $9,840,000
      Educational
      $7,280,000
      Residential Income
      $8,050,000
      Energy
      $8,265,000
      Income-Based Land
      $9,595,000
      Food Service
      $8,095,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.7844
    Latitude
    26.4936
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,928
    $2,454,620
    $1,380,788
    $3,835,408
    -
    $2,454,620
    $1,380,788
    $3,835,408

    Comparable in this City

    • Value Estimation by Request
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      10041 University Plz Dr

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      10041 University Plz Dr, Fort Myers, FL 33913-6016
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    • Value Estimation by Request
      15,376 SF

      12252 Itec Park Dr

      Lifestyle centers • 15,376 SF
      12252 Itec Park Dr, Fort Myers, FL 33913
      View Details
    • Value Estimation by Request
      22,626 SF

      9940 Interstate Commerce Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 22,626 SF
      9940 Interstate Commerce Dr, Fort Myers, FL 33913-8260
      View Details
    • Value Estimation
      $405,000
      193,205 SF

      10000 Gulf Ctr Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 193,205 SF
      10000 Gulf Ctr Dr, Fort Myers, FL 33913-8961
      View Details
    • Value Estimation by Request
      4,724 SF

      12401 Commerce Lks Dr

      SHOPPING CENTER, STRIP CENTER • 4,724 SF
      12401 Commerce Lks Dr, Fort Myers, FL 33913-8692
      View Details

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      Retail Space Near Gulf Coast

      Retail space available near Gulf Coast Town Center.
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      Retail space available in Fort Myers with high traffic.
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    Property Visit Statistics

    • Visits by month
      18.5k
    • Visitors by month
      18.4k
    • Avg Time on site
      20 min
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    Fort Myers, FL 33913-9658
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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