16901 Cleveland Ave North Fort Myers, FL 33903-1415
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$1.54M
Range $1.38M – $1.69M (±10%)
Property ID
US18-0344487
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
11,200 SF
Lot
3.64 ac (158,515 SF)
Zoning code
C-1A
APN
27-43-24-00-00002.0000
UPID
US18-0344487
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$1.54M
Owner & transaction history
since 2018
4 recorded transactions
Zoning & alternative use
C-1A · North 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 9 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
$1.54M
Value range
$1.38M – $1.69M
±10% around blend
Estimated value / SF
$137 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$1.38M
blend $1.54M
$1.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,200 SF
Lot area
3.64 ac
Year built
1978
Stories
1
APN
27-43-24-00-00002.0000
Assessed value
$1,550,831
Annual tax
$18,164
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.76M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.91M
@ 6.5% CAP return
$1.76M
@ 7% CAP return
$1.63M
4
Sales comparison
Partial preview
Sales approach indication
$2.13M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 12,000 SF
6.7 mi away · 9,426 SF
6.8 mi away · 14,400 SF
6.8 mi away · 10,000 SF
7.0 mi away · 13,617 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 498 sales
$190
-28%
County 735 sales
$205
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $137/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.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.55M
Move the market yield to see immediate price impact.
Value / SF
$138
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
5.00%7.00%9.00%
$98k
$1.95M
$1.40M
$1.09M
$109k
$2.17M
$1.55M
$1.21M
$119k
$2.39M
$1.71M
$1.33M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.86M
4.3 mi · Feb 2026 · $148/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,164
Tax year 2023
Assessed value
$1,550,831
Assessed 2023
Previous assessed
$1,542,975
+0.5% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,179,986
Assessed improvement
$370,845
Land market value
$1,179,986
Improvement market value
$370,845
Total market value
$1,550,831
Applied tax rate
1.0000
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
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
11,200 SF
Lot
3.64 ac (158,515 SF)
Zoning code
C-1A
APN
27-43-24-00-00002.0000
UPID
US18-0344487
Jurisdiction
LEE
Zoning & alternative use
C-1A · North Fort Myers, FLZoning C-1A · permitted uses
C-1A · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1A
Jurisdiction
North Fort Myers, FL
Recorded code
C-1A
Ownership Intelligence
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Owner identityResolved entity and name variants
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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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