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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Warehouses
17610 Ee St North Fort Myers, FL 33917-2120
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0644505
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
9,450 SF
Lot
0.99 ac (43,311 SF)
Zoning code
IL
APN
21-43-25-04-00000.009A
UPID
US19-0644505
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
$1.48M
Comparable Approach
Comparable
$790k
Blend (final)
Blend
$1.14M
Owner & transaction history
Minus Forty Technologies Corp · 11 yrs held
Minus Forty Technologies Corp
since 2015
7 recorded transactions
Zoning & alternative use
IL · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,790,000
Current use
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$120 / 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
$10,169
Tax year 2023
Assessed value
$1,053,737
Assessed 2023
Previous assessed
$655,494
+60.8% YoY
Effective rate
0.97%
On assessed value
Assessed land
$292,696
Assessed improvement
$761,041
Land market value
$292,696
Improvement market value
$761,041
Total market value
$1,053,737
Applied tax rate
202.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
9,450 SF
Lot
0.99 ac (43,311 SF)
Zoning code
IL
APN
21-43-25-04-00000.009A
UPID
US19-0644505
Jurisdiction
LEE
Zoning & alternative use
IL · North Fort Myers, FL
Zoning IL · permitted uses
IL · 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
$1.8M
WAREHOUSE, STORAGE Current
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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Minus Forty Technologies Corp
Entity
Free & Clear · 11 yrs held
Mailing address
757 SE 17TH ST #565, FORT LAUDERDALE, FL 33316-2960
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2015
$381,000
Minus Forty Technologies Corp
White Elephant Dev Corp
Warranty Deed
—
Aug 25, 2010
—
White Elephant Dev Corp
A & A Truck Brokers INC
Quit Claim Deed
related
—
Apr 8, 2010
—
A & A Truck Brokers INC
Capital Inv Corp Of Sw Flor Coc
Trustees Deed
related
—
Nov 19, 2008
—
Capital Inv Corp Of Sw Florida
Capital Inv Corp Of Sw Florida
Quit Claim Deed
related
—
Jul 3, 2006
$880,900
Capital Inv Corp Of Sw Florida
Sox Dev INC
Warranty Deed
$684,700 · Old Florida Bank
Oct 20, 2005
—
Sox Dev INC
—
Trustees Deed
related
$530,000 · Old Florida Bank
Sep 26, 2005
—
Sox Dev INC
—
Trustees Deed
related
$316,000 · Old Florida Bank
Jun 27, 2005
—
Sox Dev INC
Sox Dev INC
Quit Claim Deed
—
Feb 11, 2005
$380,000
Sox Dev INC
C & G Ents Of Lee County INC
Warranty Deed
$304,000 · Old Florida 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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