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Property profile & analytics
OFF-MARKET
Estimated value
$7,520,000
Drug stores
17065 Pne Rdg Rd Fort Myers Beach, FL 33931-5302
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3327575
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,977 SF
Lot
2.19 ac (95,179 SF)
Zoning code
CC
APN
08-46-24-00-00001.0030
UPID
US18-3327575
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
-
FedEx OnSite Postal Service Courier Service
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$7.52M
Owner & transaction history
Walgreen Co · 4 yrs held
Walgreen Co
since 2022
Last sale
$7.3M
4 recorded transactions
Zoning & alternative use
CC · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.0M
+124.4%
Restaurant
$9.8M
+84.1%
Neighborhood: shopping center
$5.8M
+8.7%
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 Fort Myers Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$7,515,000
ML approach
$7,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,335,000
Current use
AUTO REPAIR, GARAGE
$11,970,000
Change: +124% · Conversion: Difficult
RESTAURANT
$9,820,000
Change: +84% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,800,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$4,915,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$4,855,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.52M
Range $6.77M – $8.27M · ±10% · vs last sale $7.30M (Feb 11 2022)
Last sale anchor
$7.30M
Feb 11 2022
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
$443 / 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
$45,731
Tax year 2023
Assessed value
$3,331,275
Assessed 2023
Previous assessed
$4,982,124
-33.1% YoY
Effective rate
1.37%
On assessed value
Assessed land
$3,331,265
Assessed improvement
$10
Land market value
$3,331,265
Improvement market value
$10
Total market value
$3,331,275
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
16,977 SF
Lot
2.19 ac (95,179 SF)
Zoning code
CC
APN
08-46-24-00-00001.0030
UPID
US18-3327575
Jurisdiction
LEE
Zoning & alternative use
CC · Fort Myers Beach, FL
Zoning CC · permitted uses
CC · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$12.0M
RESTAURANT
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
2.19 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 4 yrs held
Mailing address
3333 PEACHTREE RD NE, ATLANTA, GA 30326-1070
Ownership since
2022
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
Feb 11, 2022
—
Walgreen Co
Ds Fort Myers Beach Fl Landlord LLC
Lease
—
Feb 11, 2022
$7,297,400
Ds Fort Myers Beach Fl Landlord LLC
Walgreen Co
Special Warranty Deed
—
Nov 10, 2004
$1,528,000
Walgreen Co
Nddc INC
Warranty Deed
—
Jan 16, 2003
$492,300
Nddc INC
Vision Xxiv Ltd
Grant Deed
$682,228 · Pelican National 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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