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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17900 Grn Mdw Rd Fort Myers, FL 33913-8293

    • Warehouses
    • 13,416 SF
    • 814.02 lot acres
    OFF-MARKET
    Value Estimations
    $2,535,000
    Show details
    Cap Rate Potential
    9.3%
    Warehouses
    Location Intelligence
    Property ID
    US18-3769257
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Preferred Materials Fort Myers Quarry Asphalt Plant / Big Box & Wholesale Store

    Property Details for 17900 Grn Mdw Rd

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    814.02 lot acres
    Property size
    13,416 SF
    Zone code
    AG-2
    Property type
    Warehouses
    APN
    02-46-26-00-00001.0000
    APU
    2462600000010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,280,000
      6.5%
      $2,105,000
      7%
      $1,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,377,000
      Market price range: $2.52M - $3.38M
      AI Estimate
      $3,194,000
      Market price range: $1.97M - $3.19M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,845,000
      Current use
      OFFICE BUILDING
      $4,040,000
      Change: +42% Conversion: Difficult
      MEDICAL BUILDING
      $3,565,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $3,495,000
      Change: +23% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,170,000
      Change: +11% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.685
    Latitude
    26.5028
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $163,392
    $9,119,032
    $2,628,373
    $11,747,405
    -
    $9,119,032
    $2,628,373
    $11,747,405

    Comparable in this City

    • Value Estimation
      $19,860,000
      119,952 SF

      11995 State Rd 82

      MINI-WAREHOUSE, STORAGE • 119,952 SF
      11995 State Rd 82, Fort Myers, FL 33913-9615
      View Details
    • Value Estimation
      $9,120,000
      55,680 SF

      14560 Global Pkwy

      WAREHOUSE, STORAGE • 55,680 SF
      14560 Global Pkwy, Fort Myers, FL 33913-8898
      View Details
    • Value Estimation
      $3,590,000
      21,000 SF

      18080 Grn Mdw Rd

      WAREHOUSE, STORAGE • 21,000 SF
      18080 Grn Mdw Rd, Fort Myers, FL 33913-8294
      View Details
    • Value Estimation
      $4,125,000
      25,200 SF

      14650 Jetport Loop

      WAREHOUSE, STORAGE • 25,200 SF
      14650 Jetport Loop, Fort Myers, FL 33913-7864
      View Details
    • Value Estimation
      $4,435,000
      27,072 SF

      12100 Commerce Lks Dr

      WAREHOUSE, STORAGE • 27,072 SF
      12100 Commerce Lks Dr, Fort Myers, FL 33913-8653
      View Details
    • Value Estimation by Request
      20,666 SF

      16350 Innovation Ln

      Distribution properties • 20,666 SF
      16350 Innovation Ln, Fort Myers, FL 33913
      View Details

    Similar Nearby for Sale

    • $495,000
      27,416 SF

      Flex Condo Near Airport

      Flex condo for sale near Southwest Florida International Airport.
      12821 Commerce Lakes Dr, Fort Myers, FL 33913
      View Details
    • $13,613,600
      41,888 SF

      Fort Myers Class A Warehouse

      Modern warehouse, 41,888 sq ft, vacant.
      0 Innovation Ln, Fort Myers, FL 33913
      View Details
    • $472,500
      1,500 SF

      Airport Haul Rd Business Park

      Fort Myers flex space, immediate occupancy
      12210 Itec Haul Dr, Lehigh Acres, FL 33913
      View Details
    • Contact for pricing
      46,080 SF

      Flex Condo Units For Sale

      Flex condo units with overhead doors and high ceilings.
      12801 Commerce Lakes Dr, Fort Myers, FL 33913
      View Details
    • $425,000
      Pending

      Versatile Garage in Commercial Complex

      Well-maintained garage suitable for automotive, retail, flex, or industrial use.
      12321 Itec Park Dr, Fort Myers, FL 33913
      View Details
    • $474,000

      Luxury Storage Condominiums Under Construction

      Upscale, climate-controlled, garage-style storage condominiums for sale.
      14547 Global Pkwy, Fort Myers, FL 33913
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      105,290 SF

      Fort Myers Industrial Warehouse Space

      High-quality warehouse, 36,728 SF available
      16260 Airport Park Dr, Fort Myers, FL 33913
      View Details
    • $19 SF/Yr
      80,000 SF

      Airport Haul Road Business Park

      Modern Flex Space, Fort Myers, FL
      12210 Itec Haul Dr, Lehigh Acres, FL 33913
      View Details
    • Contact for pricing

      Airport Haul Road Warehouse Space

      Warehouse spaces available for immediate occupancy on Airport Haul Road.
      16517 Airport Haul Rd, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      380,000 SF

      Modern Logistics Park Near Airport

      New industrial park with modern facilities near major transportation.
      16517-16523 Airport Haul Rd, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      2,190,684 SF

      Gulf Landing Logistics Center

      Fort Myers Industrial Park, 2.2M SF
      16200 Ben Hill Griffin Pkwy, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      2,190,681 SF

      Southwest Florida Logistics Center

      2.2 million SF industrial park near Southwest Florida Airport.
      16200 Ben Hill Griffin Pkwy, Fort Myers, FL 33913
      View Details
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    Fort Myers, FL 33913-8293
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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