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Property profile & analytics
OFF-MARKET
Estimated value
$4,005,000
Warehouses
16951 Cleveland Ave 981 North Fort Myers, FL 33903-1415
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0945442
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
26,648 SF
Lot
3.84 ac (167,401 SF)
Zoning code
C-1A
APN
27-43-24-00-00002.0030
UPID
US18-0945442
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.33M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$4.01M
Owner & transaction history
U-haul Co Of Florida 30 LLC · 7 yrs held
U-haul Co Of Florida 30 LLC
since 2018
4 recorded transactions
Zoning & alternative use
C-1A · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.3M
+24.7%
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$4,685,000
6.5%
$4,325,000
7%
$4,015,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,055,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,300,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$4.01M
Range $3.60M – $4.41M · ±10%
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
$150 / 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
$157,692
Tax year 2023
Assessed value
$13,320,439
Assessed 2023
Previous assessed
$13,320,439
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,348,248
Assessed improvement
$11,972,191
Land market value
$1,348,248
Improvement market value
$11,972,191
Total market value
$13,320,439
Applied tax rate
1.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Bathrooms
3
Total area
26,648 SF
Lot
3.84 ac (167,401 SF)
Zoning code
C-1A
APN
27-43-24-00-00002.0030
UPID
US18-0945442
Jurisdiction
LEE
Zoning & alternative use
C-1A · North Fort Myers, FL
Zoning C-1A · permitted uses
C-1A · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
3
Lot
3.84 ac
Current owner
From public records · entity-resolved
U-haul Co Of Florida 30 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2018
$100
U-haul Co Of Florida 30 LLC
U-haul Co Of Florida
Warranty Deed
related
—
Sep 29, 2014
$12,000
U-haul Co Of Florida
Fullenkamp,dennis J
Grant Deed
—
Jul 13, 2011
$625,000
U-haul Co Of Florida
Fifth Third Bk
Grant Deed
—
Mar 1, 2006
$1,350,000
Our Family Rv Center
Fullenkamp,dennis J
Grant Deed
$4,300,000 · Fifth Third 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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