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Property profile & analytics
OFF-MARKET
Estimated value
$5,055,000
Drug stores
16950 Pne Rdg Rd Fort Myers, FL 33908-4050
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5123841
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,381 SF
Lot
2 ac (87,120 SF)
Zoning code
CT
APN
06-46-24-36-00000.0010
UPID
US18-5123841
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
-
CVS Pharmacy
-
Cardtronics Atm
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy Pharmacy
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.21M
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$6.58M
Blend (final)
Blend
$5.06M
Owner & transaction history
Crensha W Us Vi LLC · 3 yrs held
Crensha W Us Vi LLC
since 2023
Last sale
$4.8M
2 recorded transactions
Zoning & alternative use
CT · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+37.8%
Office building
$4.5M
+11.4%
Medical building
$4.1M
+2.1%
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
$5,360,000
ML approach
$5,210,000
CAP Approach
CAP Return
Estimation
6%
$3,365,000
6.5%
$3,105,000
7%
$2,880,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,005,000
Current use
COMMERCIAL (GENERAL)
$5,520,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$4,460,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$4,090,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,635,000
Change: -9% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,330,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.06M
Range $4.55M – $5.56M · ±10% · vs last sale $4.82M (Mar 22 2023)
Last sale anchor
$4.82M
Mar 22 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
$329 / 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
$45,172
Tax year 2023
Assessed value
$4,440,956
Assessed 2023
Previous assessed
$4,459,608
-0.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$2,981,813
Assessed improvement
$1,459,143
Land market value
$2,981,813
Improvement market value
$1,459,143
Total market value
$4,440,956
Applied tax rate
68.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
15,381 SF
Lot
2 ac (87,120 SF)
Zoning code
CT
APN
06-46-24-36-00000.0010
UPID
US18-5123841
Jurisdiction
LEE
Zoning & alternative use
CT · Fort Myers, FL
Zoning CT · permitted uses
CT · 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
RETAIL STORES Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Crensha W Us Vi LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3340 HAMPTON RD, RALEIGH, NC 27607-3130
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
$4,823,000
Crensha W Us Vi LLC
Pti Fort Myers LLC
Special Warranty Deed
—
Mar 12, 2013
—
Pti Fort Myers LLC
Summerlin-pine Ridge Ltd
Grant Deed
—
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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