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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16500 Slater Rd North Fort Myers, FL 33917-6663

    • Gas stations
    • 4,830 SF
    • 17.72 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3136710
    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

    • Gas stations

    Property Details for 16500 Slater Rd

    Year built
    1955
    Construction
    STEEL FRAME
    Lot size
    17.72 lot acres
    Property size
    4,830 SF
    Zone code
    AG-2
    Property type
    Gas stations
    APN
    30-43-25-00-00005.0010
    APU
    30432500000050010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $832,000
      Market price range: $245k - $833k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $1,175,000
      Current use
      OFFICE BUILDING
      $1,320,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $1,285,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $1,260,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,140,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8519
    Latitude
    26.7045
    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
    $41,917
    $1,767,262
    $2,497,530
    $4,264,792
    -
    $1,767,262
    $2,497,530
    $4,264,792

    Comparable in this City

    • Value Estimation
      $555,000
      10,200 SF

      3100 Magnolia Lndg Ln

      SERVICE STATION (FULL SERVICE) • 10,200 SF
      3100 Magnolia Lndg Ln, North Fort Myers, FL 33917-7779
      View Details
    • Value Estimation
      $1,795,000
      7,028 SF

      5785 Bayshore Rd

      SERVICE STATION (FULL SERVICE) • 7,028 SF
      5785 Bayshore Rd, North Fort Myers, FL 33917-3008
      View Details
    • Value Estimation by Request
      2,599 SF

      6371 Bayshore Rd

      SERVICE STATION (FULL SERVICE) • 2,599 SF
      6371 Bayshore Rd, North Fort Myers, FL 33917-3130
      View Details
    • Value Estimation
      $870,000
      5,000 SF

      3500 Sabal Spgs Blvd

      SERVICE STATION (FULL SERVICE) • 5,000 SF
      3500 Sabal Spgs Blvd, North Fort Myers, FL 33917-2076
      View Details
    • Value Estimation by Request
      1,319 SF

      2860 Gdn St

      SERVICE STATION (FULL SERVICE) • 1,319 SF
      2860 Gdn St, North Fort Myers, FL 33917-1800
      View Details
    • Value Estimation by Request
      1,400 SF

      26 Cardinal Dr

      SERVICE STATION (FULL SERVICE) • 1,400 SF
      26 Cardinal Dr, North Fort Myers, FL 33917-5313
      View Details

    Similar Nearby for Sale

    • $1,490,000
      2.34 Acres

      North Fort Myers Commercial Land

      2+ acres on S.R. 31 near new 7/11.
      18931 Babcock Rnch Rd, North Fort Myers, FL 33917
      View Details
    • $9,672,000
      46,320 SF

      ALDI Grocery Store Investment Opportunity

      Long-term lease with corporate guaranty in growing trade area.
      5660 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Neighborhood Shopping Center on Bayshore Rd

      Neighborhood shopping center with investment and owner/user opportunities.
      6355 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing
      85,915 SF

      Bayshore Center: Retail Investment Opportunity

      Prime North Fort Myers Shopping Center - For Sale or Lease
      6351 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $3,250,000

      Honey Bee Farm Opportunity

      Profitable honey bee farm with retail and production facilities.
      17131 Slater Rd, Fort Myers, FL 33917
      View Details
    • $6,130,000
      3,120 SF

      NNN Leased Investment Opportunity

      NNN leased 7-Eleven with rental increases and options.
      18971 State Road 31, North Fort Myers, FL 33917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing North Fort Myers submarket.
      6694-6704 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $14 SF/Yr
      26,492 SF

      Shoreline Shoppes: Prime Retail/Office Space

      North Fort Myers, FL: Medical & General Office Suites Available
      5781 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $16 SF/Yr
      48,759 SF

      Bayshore Center: Retail & Office Space

      Prime North Fort Myers commercial property.
      6351 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $13 SF/Yr
      9,335 SF

      North Ft. Myers Flex Space For Lease

      Versatile Office/Industrial Space Available
      4750 Bayline Dr, North Fort Myers, FL 33917
      View Details
    • $16 SF/Yr
      2,353 SF

      North Fort Myers Flex Space

      Versatile 2,400 SF flex space with fenced yard.
      7997 Mercantile St, North Fort Myers, FL 33917
      View Details
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    16500 Slater Rd
    North Fort Myers, FL 33917-6663
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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