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Property profile & analytics
FOR LEASE
Community centers
16431 Corporate Commerce Way Fort Myers, FL 33913
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5154945
For Lease
1 / 2
$8,660,000
16431 Corporate Commerce Way, Fort Myers, FL 33913
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,868 SF
Lot
1.61 ac (70,132 SF)
Zoning code
MPD
APN
02-46-25-04-0000D.0000
UPID
US18-5154945
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
-
Michael Lewis, M.D. Ophthalmologist
-
Paragon Fort Myers Infusion Center Medical Clinic
-
Mark Edward Gillespie, M.D. Physician
-
Elizabeth Schwartz, OD Physician
-
Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.66M
Owner & transaction history
Gvw Property Holdings LLC · 3 yrs held
Gvw Property Holdings LLC
since 2023
Last sale
$8.1M
7 recorded transactions
Zoning & alternative use
MPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.7M
+209.3%
Restaurant
$7.4M
+162.7%
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
$9,005,000
ML approach
$9,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,680,000
Change: +209% · Conversion: Difficult
RESTAURANT
$7,370,000
Change: +163% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.53M · ±10% · vs last sale $8.10M (Jan 5 2023)
Last sale anchor
$8.10M
Jan 5 2023
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
$730 / 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
$40,928
Tax year 2023
Assessed value
$3,835,408
Assessed 2023
Previous assessed
$2,448,319
+56.7% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,454,620
Assessed improvement
$1,380,788
Land market value
$2,454,620
Improvement market value
$1,380,788
Total market value
$3,835,408
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
11,868 SF
Lot
1.61 ac (70,132 SF)
Zoning code
MPD
APN
02-46-25-04-0000D.0000
UPID
US18-5154945
Jurisdiction
LEE
Zoning & alternative use
MPD · Fort Myers, FL
Zoning MPD · permitted uses
MPD · 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
AUTO REPAIR, GARAGE
Est. value
$8.7M
RESTAURANT
Est. value
$7.4M
AUTO REPAIR, GARAGE
RESTAURANT
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Gvw Property Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15 LK ST STE #260, SAVANNAH, GA 31411-2971
Ownership since
2023
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
Jan 5, 2023
$8,100,000
Gvw Property Holdings LLC
Cs Holdings Alico LLC
Special Warranty Deed
—
Jun 16, 2020
$1,712,500
Cft Nv Developments
Holdings-alico Cs
Grant Deed
—
May 20, 2019
—
Cs Holdings-alico LLC
—
Deed
related
—
Apr 19, 2017
$2,225,000
Cs Holdings Alico LLC
Copper Realty Company A Tennessee A
Warranty Deed
—
Sep 2, 2005
$11,250,000
Cooper Realty Co
Kleman Real Estate Invs LLC
Grant Deed
$11,500,000 · Insouth Bank
—
—
Cs Holdings-alico LLC
—
Loan Modification
related
—
—
—
Cooper Realty Co
—
Deed Of Trust
related
$2,400,000 · First Cap Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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