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Property profile & analytics
OFF-MARKET
Estimated value
$8,895,000
Flex space
16710 Gator Rd Fort Myers, FL 33912-5926
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5441015
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Construction
STEEL FRAME
Total area
66,956 SF
Lot
4.55 ac (198,067 SF)
Zoning code
IG
APN
05-46-25-00-01000.5010
UPID
US18-5441015
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
-
Fusion Industries Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.41M
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$8.90M
Owner & transaction history
Sbm Exchange I LLC · 3 yrs held
Sbm Exchange I LLC
since 2023
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
IG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,185,000
6.5%
$9,405,000
7%
$8,730,000
Blend value · Realmo final
$8.90M
Range $8.01M – $9.78M · ±10% · vs last sale $8.75M (Feb 2 2023)
Last sale anchor
$8.75M
Feb 2 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
$133 / 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
$47,813
Tax year 2023
Assessed value
$5,302,407
Assessed 2023
Previous assessed
$5,302,407
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$2,794,329
Assessed improvement
$2,508,078
Land market value
$2,794,329
Improvement market value
$2,508,078
Total market value
$5,302,407
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
66,956 SF
Lot
4.55 ac (198,067 SF)
Zoning code
IG
APN
05-46-25-00-01000.5010
UPID
US18-5441015
Jurisdiction
LEE
Zoning & alternative use
IG · Fort Myers, FL
Zoning IG · permitted uses
IG · 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
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
4.55 ac
Current owner
From public records · entity-resolved
Sbm Exchange I LLC
Entity
Mailing address
309 BRINLEY AVE, BRADLEY BEACH, NJ 07720-1607
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Feb 2, 2023
$8,750,000
Sbm Exchange I LLC
Stevens Gator Road LLC
Special Warranty Deed
$5,687,500 · Inb National Association
Apr 9, 2004
$1,051,500
Stevens Gator Road LLC
Stevens,jeffrey B
Grant Deed
related
$1,600,000 · Fifth Third Bank
May 3, 2002
$132,000
Jeffrey B Stevens
Stevens,gary L
Grant Deed
related
$251,000 · Fifth Third Bank
—
—
Stevens Gator Road LLC
—
Deed Of Trust
related
$2,237,000 · Fifth Third Bank
—
—
Stevens Gator Road LLC
—
Deed Of Trust
related
$1,000,000 · Fifth Third Bank
—
—
Stevens Gator Road LLC
—
Deed Of Trust
related
$2,237,000 · Fifth Third Bank
—
—
Stevens Gator Road LLC
—
Deed Of Trust
related
$1,450,000 · First Fl Integrity 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.
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