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Property profile & analytics
OFF-MARKET
Estimated value
$4,375,000
Drug stores
17970 Tamiami Trl North Fort Myers, FL 33903-1412
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6178188
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,036 SF
Lot
1.8 ac (78,452 SF)
Zoning code
CPD
APN
22-43-24-10-00000.0010
UPID
US18-6178188
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
$4.38M
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$4.38M
Owner & transaction history
17970 Tamiami Trail LLC · 2 yrs held
17970 Tamiami Trail LLC
since 2024
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
CPD · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+37.8%
Office building
$4.4M
+5.2%
Medical building
$4.3M
+2.1%
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
$4,375,000
ML approach
$4,375,000
CAP Approach
CAP Return
Estimation
6%
$3,505,000
6.5%
$3,235,000
7%
$3,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,175,000
Current use
COMMERCIAL (GENERAL)
$5,755,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$4,390,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$4,260,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,790,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$4.38M
Range $3.94M – $4.81M · ±10% · vs last sale $4.37M (Mar 29 2024)
Last sale anchor
$4.37M
Mar 29 2024
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
$273 / 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
$74,112
Tax year 2023
Assessed value
$4,969,775
Assessed 2023
Previous assessed
$4,969,775
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$3,045,938
Assessed improvement
$1,923,837
Land market value
$3,045,938
Improvement market value
$1,923,837
Total market value
$4,969,775
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,036 SF
Lot
1.8 ac (78,452 SF)
Zoning code
CPD
APN
22-43-24-10-00000.0010
UPID
US18-6178188
Jurisdiction
LEE
Zoning & alternative use
CPD · North Fort Myers, FLZoning CPD · permitted uses
CPD · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
17970 Tamiami Trail LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9555 N KENDALL DR STE #200, MIAMI, FL 33176-1978
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$4,373,200
17970 Tamiami Trail LLC
T Myers Fl Landlord LLC
Special Warranty Deed
—
Mar 29, 2024
—
17970 Tamiami Trail LLC
Ds North Fort Myers Fl Landlord LLC
Intrafamily Transfer
related
—
Feb 11, 2022
—
Walgreen Co
Ds North Fort Myers Fl Landlord LLC
Lease
—
Feb 11, 2022
$5,254,100
Us North Fort Myers Fl Landlord LLC
Walgreen Co
Special Warranty Deed
—
Oct 18, 2011
—
Lf2/paradise Ventures LP
—
Deed Of Trust
related
$9,800,000 · Pnc Bank
Sep 1, 2011
$2,697,619
Lf2/paradise Ventures LP
Win-del Prado Ltd
Grant Deed
related
—
May 23, 2008
—
Win-del Prado Ltd
—
Loan Modification
related
$6,555,000 · Key Bank & Trust
May 19, 2008
—
Win-del Prado Ltd
—
Loan Modification
related
$5,400,000 · Key Bank & Trust
Jan 16, 2008
—
Win-del Prado Ltd
—
Loan Modification
related
$9,065,000 · Key Bank & Trust
Jun 13, 2006
$400
Palm Of Lee County LLC
Wlb INC
Quit Claim Deed
related
—
Jun 13, 2006
$911,500
Win-del Prado Ltd
Palm Of Lee County LLC
Grant Deed
—
—
—
Win-del Prado Ltd
—
Deed Of Trust
related
$5,400,000 · Key Bank & Trust
—
—
Win-del Prado Ltd
—
Loan Modification
related
$6,555,000 · Key Bank & Trust
—
—
Win-del Prado Ltd
—
Loan Modification
related
$250,000 · Key Bank & Trust
—
—
Win-del Prado Ltd
—
Loan Modification
related
$5,400,000 · Key Bank & Trust
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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