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Property profile & analytics
OFF-MARKET
Estimated value
$5,815,000
Gas stations
16701 Old Us 41 Fort Myers, FL 33912-5910
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5330620
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2016
Construction
STEEL FRAME
Total area
10,030 SF
Lot
8.16 ac (355,537 SF)
Zoning code
IL
APN
06-46-25-00-00003.0130
UPID
US18-5330620
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
-
H&E Equipment Services (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$5.82M
Owner & transaction history
Mdc Coast 28 LLC · 3 yrs held
Mdc Coast 28 LLC
since 2023
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+201.1%
Restaurant
$6.2M
+155.8%
Office building
$5.4M
+120.6%
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
by Request
ML approach
$6,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,335,000
Change: +201% · Conversion: Difficult
RESTAURANT
$6,230,000
Change: +156% · Conversion: Difficult
OFFICE BUILDING
$5,375,000
Change: +121% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,040,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,600,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$5.82M
Range $5.23M – $6.40M · ±10% · vs last sale $6.29M (Mar 30 2023)
Last sale anchor
$6.29M
Mar 30 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
$580 / 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
$64,468
Tax year 2023
Assessed value
$4,739,476
Assessed 2023
Previous assessed
$4,736,526
+0.1% YoY
Effective rate
1.36%
On assessed value
Assessed land
$3,525,505
Assessed improvement
$1,213,971
Land market value
$3,525,505
Improvement market value
$1,213,971
Total market value
$4,739,476
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
10,030 SF
Lot
8.16 ac (355,537 SF)
Zoning code
IL
APN
06-46-25-00-00003.0130
UPID
US18-5330620
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FL
Zoning IL · permitted uses
IL · 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
$7.3M
RESTAURANT
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.16 ac
Current owner
From public records · entity-resolved
Mdc Coast 28 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
$6,292,712
Mdc Coast 28 LLC
Cole He Fort Myers Fl LLC
Special Warranty Deed
—
Jun 22, 2018
$5,638,000
Cole He Fort Myers Fl LLC
Et H & E Fort Myers LLC
Grant Deed
—
Jun 22, 2018
$7,500
Cole He Fort Myers Fl LLC
Et H & E Fort Myers LLC
Grant Deed
—
Jun 14, 2017
—
Et H & E Fort Myers LLC
—
Grant Deed
related
$49,276,500 · Fifth Third Bk
Feb 15, 2017
$5,058,400
Et H&e Fort Myers LLC
Cprt He Fort Myers LLC
Special Warranty Deed
—
Feb 6, 2015
$720,000
Cprt He Fort Myers LLC
Page Paul K
Warranty Deed
$2,418,000 · Regions Bk/fayette
—
—
Cprt He Fort Myers LLC
—
Deed Of Trust
related
$3,750,000 · Private Individual
—
—
Paul K Page
—
Deed Of Trust
related
$850,000 · Encore Bank
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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