Back to Search
Property profile & analytics
FOR SALE
Warehouses
18931 Babcock Rnch Rd North Fort Myers, FL 33917
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1213107
For Sale
1 / 11
$1,390,000
18931 Babcock Rnch Rd, North Fort Myers, FL 33917
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
FRAME
Total area
2,274 SF
Lot
2.34 ac (101,930 SF)
Zoning code
CG
APN
13-43-25-02-00000.0200
UPID
US18-1213107
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
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
18931 Rd 31 Realty LLC · 4 yrs held
18931 Rd 31 Realty LLC
since 2022
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
CG · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+89.2%
Office building
$625,000
+44.4%
Medical building
$605,000
+40.1%
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
$805,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +37% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $890k (Jul 21 2022)
Last sale anchor
$890k
Jul 21 2022
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
$380 / 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
$2,693
Tax year 2023
Assessed value
$177,459
Assessed 2023
Previous assessed
$226,271
-21.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$128,942
Assessed improvement
$48,517
Land market value
$128,942
Improvement market value
$48,517
Total market value
$177,459
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
For Sale
Year built
1971
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
2,274 SF
Lot
2.34 ac (101,930 SF)
Zoning code
CG
APN
13-43-25-02-00000.0200
UPID
US18-1213107
Jurisdiction
LEE
Zoning & alternative use
CG · North Fort Myers, FL
Zoning CG · permitted uses
CG · 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
COMMERCIAL (GENERAL)
Est. value
$815,000
OFFICE BUILDING
Est. value
$625,000
MEDICAL BUILDING
Est. value
$605,000
RETAIL STORES
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1971
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
18931 Rd 31 Realty LLC
Entity
Mailing address
18931 STATE RD 31, NORTH FORT MYERS, FL 33917-5556
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$890,000
18931 Rd 31 Realty LLC
Jacob L Mudge
Warranty Deed
$712,000 · Sanibel Captiva Community Bank
Oct 24, 2019
—
Jacob L Mudge
—
Deed
related
—
Apr 4, 2019
$100
Jacob L Mudge
Silver,stuart W
Correction Deed
related
—
Jul 24, 2002
$39,286
Jacob L Mudge
Zarecky,john & Lucinda
Grant Deed
$100,000 · Wachovia Bank NA
Mar 25, 2002
$135,000
John Zarecky
Silver,stuart W
Grant Deed
$108,000 · Old Florida Bank
—
—
Jacob L Mudge
—
Deed Of Trust
related
$217,406 · Wachovia Bank NA
—
—
Jacob L Mudge
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
