Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18408 Matanzas Rd Fort Myers, FL 33967-6136

    • Office Properties & Spaces
    • 504 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2023
    $1,200,000
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1466211
    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

    • Pride & Care Transport Towing And Roadside Assistance / Auto Repair Shop

    Property Details for 18408 Matanzas Rd

    Year built
    1982
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    504 SF
    Zone code
    IL
    Property type
    Office Properties & Spaces
    APN
    17-46-25-07-00036.0330
    APU
    17462507000360330

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,335,000
      ML approach
      $1,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8249
    Latitude
    26.4704
    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
    $1,272
    $98,010
    $28,920
    $126,930
    -
    $98,010
    $28,920
    $126,930

    Comparable in this City

    • Value Estimation
      $2,385,000
      2,501 SF

      17280 Jean St

      OFFICE (GENERAL) • 2,501 SF
      17280 Jean St, Fort Myers, FL 33967
      View Details
    • Value Estimation
      $2,330,000
      14,298 SF

      6800 Granada Lks Dr

      MEDICAL BUILDING • 14,298 SF
      6800 Granada Lks Dr, Fort Myers, FL 33967-6086
      View Details
    • Value Estimation
      $715,000
      2,456 SF

      7802 Jean Blvd

      OFFICE BUILDING (MULTI-STORY) • 2,456 SF
      7802 Jean Blvd, Fort Myers, FL 33967-6015
      View Details
    • Value Estimation
      $1,185,000
      4,608 SF

      17323 Jean St

      OFFICE BUILDING (MULTI-STORY) • 4,608 SF
      17323 Jean St, Fort Myers, FL 33967-6068
      View Details
    • Value Estimation
      $1,705,000
      5,976 SF

      19150 Acorn Rd

      OFFICE BUILDING (MULTI-STORY) • 5,976 SF
      19150 Acorn Rd, Fort Myers, FL 33967-3657
      View Details
    • Value Estimation by Request
      2,964 SF

      17597 Rockefeller Cir

      OFFICE BUILDING (MULTI-STORY) • 2,964 SF
      17597 Rockefeller Cir, Fort Myers, FL 33967-5802
      View Details

    Similar Nearby for Sale

    • $454,900
      0.04 Acres

      Luxury Storage Condo in Fort Myers

      Premier storage condo with high-end finishes and 24/7 security.
      17821 Toy Vault Ln, Fort Myers, FL 33967
      View Details
    • $50,000

      Land Auction in Fort Myers

      Land for sale by auction in Fort Myers, Florida.
      17474 Rockefeller Cir, Fort Myers, FL 33967
      View Details
    • New
      $399,000
      0.22 Acres

      Fort Myers Duplex Opportunity

      Two-story duplex in Fort Myers with tenant in place.
      7393-7385 Albany Rd, Fort Myers, FL 33967
      View Details
    • $375,000
      1,250 SF

      Industrial Condominium with Office Space

      Industrial condominium with office space available for immediate occupancy.
      17030 Alico Commerce Ct, Fort Myers, FL 33967
      View Details
    • $1,541,000

      Fort Myers Commercial Land I-75

      Commercial land for sale in Fort Myers, Florida along I-75.
      16101 3 Oaks Pkwy, Fort Myers, FL 33967
      View Details
    • $1,100,000

      Land Available in Fort Myers

      Land for sale in Fort Myers, Florida.
      8171 Cypress Dr S, Fort Myers, FL 33967
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      31,749 SF

      Three Oaks Town Center Retail Space

      Prime Estero location, flexible spaces available.
      18731-751 3 Oaks Pkwy, Fort Myers, FL 33967
      View Details
    • $16 SF/Yr
      19,741 SF

      Fort Myers Commercial Space Available

      Office and warehouse space with fenced yard and truck-well.
      17251 Alico Center Rd, Fort Myers, FL 33967
      View Details
    • $45 SF/Yr

      Retail Space in Estero Plaza

      Prime retail spaces in high-traffic Fort Myers location for rent.
      9985 Estero Oaks Dr, Fort Myers, FL 33967
      View Details
    • Contact for pricing
      17,000 SF

      I-75 & Alico Road Retail Space

      High-traffic Fort Myers retail center.
      0 Swc I-75 & Alico Rd, Fort Myers, FL 33967
      View Details
    • Contact for pricing
      3,939 SF

      Fort Myers Flex/Industrial Space

      First-class industrial park, strategic location for warehouse, distribution, flex/office.
      7800 Drew Cir, Fort Myers, FL 33967
      View Details
    • $16,672 /Mo
      10,010 SF

      New Industrial Space, Fort Myers

      Under construction industrial space in Alico Commercial Park.
      7917 Drew Cir, Fort Myers, FL 33967
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18408 Matanzas Rd
    Fort Myers, FL 33967-6136
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.