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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Strip malls
17570 Tamiami Trl North Fort Myers, FL 33903-1408
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-0870831
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,707 SF
Lot
2.02 ac (87,975 SF)
Zoning code
C-1A
APN
22-43-24-01-00002.0190
UPID
US18-0870831
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
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.84M
Owner & transaction history
Independent Dev Svcs Cororatio · 14 yrs held
Independent Dev Svcs Cororatio
since 2011
7 recorded transactions
Zoning & alternative use
C-1A · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+15.8%
Medical building
$2.8M
+12.4%
Retail stores
$2.8M
+10.1%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,530,000
Current use
OFFICE BUILDING
$2,930,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$2,845,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,790,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,085,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$172 / 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
$30,292
Tax year 2023
Assessed value
$2,345,200
Assessed 2023
Previous assessed
$2,345,200
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$423,301
Assessed improvement
$1,921,899
Land market value
$423,301
Improvement market value
$1,921,899
Total market value
$2,345,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
10,707 SF
Lot
2.02 ac (87,975 SF)
Zoning code
C-1A
APN
22-43-24-01-00002.0190
UPID
US18-0870831
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
Independent Dev Svcs Cororatio
Individual
Mailing address
17570 N TAMIAMI TRL STE #2, NORTH FORT MYERS, FL 33903-1402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2011
$376,000
Independent Dev Svcs Cororatio
Southwest Florida Prop Mgmt In
Grant Deed
—
Jul 22, 2011
—
Nfm Dev LLC
—
Trustees Deed
related
$365,500 · Encore National Bank
Mar 21, 2006
—
Nfm Dev LLC
—
Trustees Deed
related
$246,500 · Florida Gulf Bank
Apr 25, 2005
$1,024,000
Nfm Dev LLC
Africana Gifts & Shells INC
Warranty Deed
$924,000 · Africana Gifts & Shells INC
—
—
Nfm Dev LLC
—
Deed Of Trust
related
$565,000 · Encore National Bank
—
—
Nfm Dev LLC
—
Deed Of Trust
related
$750,000 · Florida Gulf Bank
—
—
Nfm Dev LLC
—
Deed Of Trust
related
$1,426,000 · Busey Bank
—
—
Nfm Dev LLC
—
Deed Of Trust
related
$565,000 · Encore 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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