1681 Baseline Ct Fort Myers, FL 33905-4918
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$3.03M
Range $2.72M – $3.33M (±10%)
Implied cap rate
8.40%
In-place · NOI ÷ last sale
Property ID
US18-2493689
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
24,955 SF
Lot
2.31 ac (100,841 SF)
Zoning code
PUD
APN
16-44-25-P1-01000.0220
UPID
US18-2493689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$3.03M
Owner & transaction history
since 2024
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
PUD · Fort Myers, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.03M
Value range
$2.72M – $3.33M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$2.72M
blend $3.03M
$3.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,955 SF
Lot area
2.31 ac
Year built
2006
Stories
1
APN
16-44-25-P1-01000.0220
Assessed value
$3,141,749
Annual tax
$47,315
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.24M
@ 6.5% CAP return
$3.92M
@ 7% CAP return
$3.64M
4
Sales comparison
Partial preview
Sales approach indication
$4.45M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 26,730 SF
4.5 mi away · 18,219 SF
4.8 mi away · 29,157 SF
6.4 mi away · 30,884 SF
11.0 mi away · 20,250 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$248
-51%
Submarket 498 sales
$190
-36%
County 735 sales
$205
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
8.40%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.40%
9.0%
NOI (est.)
$212k *
Last sale · Feb 2024
$3.03M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.52M
Move the market yield to see immediate price impact.
Value / SF
$101
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.90%8.40%8.90%
$191k
$2.41M
$2.27M
$2.14M
$212k
$2.68M
$2.52M
$2.38M
$233k
$2.95M
$2.77M
$2.62M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$3.00M
1.1 mi · Feb 2026 · $150/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,315
Tax year 2023
Assessed value
$3,141,749
Assessed 2023
Previous assessed
$3,141,749
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$607,639
Assessed improvement
$2,534,110
Land market value
$607,639
Improvement market value
$2,534,110
Total market value
$3,141,749
Applied tax rate
90.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
24,955 SF
Lot
2.31 ac (100,841 SF)
Zoning code
PUD
APN
16-44-25-P1-01000.0220
UPID
US18-2493689
Jurisdiction
LEE
Zoning & alternative use
PUD · Fort Myers, FLZoning PUD · permitted uses
PUD · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
2.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PUD
Jurisdiction
Fort Myers, FL
Recorded code
PUD
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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