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    18990 Tamiami Trl Fort Myers, FL 33908-4737
    Property profile & analytics

    18990 Tamiami Trl, Fort Myers, FL 33908-4737

    View on Map
    • Grocery and convenience stores
    • 45,504 SF
    • 17.84 lot acres
    Off-Market
    Last Sale Feb 14, 2025
    $14,365,900
    Property ID
    US18-1346244
    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.
    Value Estimations
    $14,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coast Dental / Dental Office
    • Emergency Dentist 24/7 Fort Myers / Dental Office
    • Johnnie Bee Pest Management / Garden Center
    • Dr. William Starner / Dental Office
    • Shred Nations / Recycling Center / Waste Management Facility

    Property Details for 18990 Tamiami Trl

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    17.84 lot acres
    Zone code
    CPD CPD CPD CPD
    Property type
    Grocery and convenience stores
    APN
    20-46-25-01-00001.0020
    APU
    20462501000010020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 14, 2025 $14,365,900 Fort Myers Grand Bay Plaza LLC Blp Grand Bay LLC Special Warranty Deed —
    Dec 20, 2019 $11,325,000 Blp Grand Bay LLC Grand Bay Station LLC Special Warranty Deed $8.2M · Rialto Mortgage Finance LLC
    May 14, 2018 — Grand Bay Station LLC — Loan Modification · related $190M · Wells Fargo Bk
    Aug 21, 2017 — Grand Bay Station LLC — Loan Modification · related $200M · Wells Fargo Bk
    Nov 13, 2015 — Kb Grand Bay Plaza Ltd Kb Dev 4 LLC Quit Claim Deed · related —
    Nov 13, 2015 $10,800,000 Grand Bay Station LLC Kb Grand Bay Plaza Ltd Grant Deed · related —
    Jun 22, 2011 — Kb Grand Bay Plaza Ltd Kb Dev 4 LLC Quit Claim Deed · related —
    Jun 22, 2011 $625,000 Walgreen Co Kb Grand Bay Plaza Ltd Grant Deed —
    Feb 12, 2004 $10,313,000 Bg 1 Ltd Grand Bay Plaza Ltd Warranty Deed $8.6M · Amsouth Bank
    Feb 3, 2004 — Mels San Carlos INC Grand Bay Plaza Ltd Quit Claim Deed · related —
    Oct 8, 2003 $483,500 Internal Improvemnt Tr Fund Fl Grand Bay Plaza Ltd Grant Deed · related —
    — — Bg1 Ltd — Deed Of Trust · related $1.6M · Jefferson-pilot Life Insurance

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,478,000
      Market price range: $6.30M - $19.5M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,850,000
      Current use
      COMMERCIAL (GENERAL)
      $16,330,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $13,200,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $12,095,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,760,000
      Change: -9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $9,845,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8338
    Latitude
    26.4629
    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
    $182,807
    $0.00
    $0.00
    $14,743,808
    -
    $7,575,405
    $7,171,023
    $14,746,428

    Comparable in this City

    • Value Estimation
      $555,000
      4,033 SF

      19373 Tamiami Trl

      CONVENIENCE STORE
      19373 Tamiami Trl, Fort Myers, FL 33908-4804
      View Details
    • Value Estimation
      $2,545,000
      2,565 SF

      8130 Gladiolus Dr

      CONVENIENCE STORE
      8130 Gladiolus Dr, Fort Myers, FL 33908-4104
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    • Value Estimation
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      5,403 SF

      15820 Winkler Rd

      CONVENIENCE STORE
      15820 Winkler Rd, Fort Myers, FL 33908-4136
      View Details
    • Value Estimation
      $725,000
      3,500 SF

      18960 Tamiami Trl

      CONVENIENCE STORE
      18960 Tamiami Trl, Fort Myers, FL 33908-4703
      View Details
    • Value Estimation by Request
      2,600 SF

      16871 San Carlos Blvd

      CONVENIENCE STORE
      16871 San Carlos Blvd, Fort Myers, FL 33908-3957
      View Details
    • Value Estimation
      $3,505,000
      18,866 SF

      10991 Saxum Dr

      GROCERY, SUPERMARKET
      10991 Saxum Dr, Fort Myers, FL 33908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,720 SF

      1.62 Acre Redevelopment Site

      1.62 acre hard corner site ideal for redevelopment.
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    • Contact for pricing
      3,048 SF

      Retail Strip Center For Sale

      Neighborhood retail/flex strip center with high visibility and frontage.
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      Visible Daycare Facility on US41

      Highly visible daycare facility in Estero, Lee County, Florida.
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      Street Retail Building Opportunity

      Versatile street retail space offers flexible sizing for businesses seeking prominent storefront presence in Fort Myers.
      15675 Mcgregor Blvd, Fort Myers, FL 33908
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    • New
      $559,000

      Retail Showroom Suite For Sale

      For-sale showroom suite in Fort Myers’ Lee County, suited for retail and display-focused businesses.
      16255 Pine Ridge Rd, Fort Myers, FL 33908
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    • $885,000
      3,000 SF

      Commercial Building on San Carlos Boulevard

      High-visibility commercial building ready for custom build-out in Fort Myers.
      16541 San Carlos Blvd, Fort Myers, FL 33908
      View Details

    Similar Nearby for Lease

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      817 SF

      Retail Space For Lease

      Retail space with frontage and ample parking available for lease.
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      View Details
    • Contact for pricing
      940 SF

      Retail/Office Space on McGregor Blvd

      940 SF retail/office space in Fort Myers, Florida.
      15670 Mcgregor Blvd, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on South Tamiami

      Retail space for lease on South Tamiami Trail.
      15250 S Tamiami Trl, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space with Prominent Signage

      Retail space with high visibility and ample parking.
      11560 Majestic Palms Blvd, Fort Myers, FL 33908
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      2,000 SF

      Prime Retail/Office/Medical Space Available

      Retail, office, and medical spaces with high visibility frontage.
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    • Contact for pricing
      4,442 SF

      Retail Space in Target Plaza

      Retail space available in a busy, well-located shopping center.
      11561 Majestic Palms Blvd, Fort Myers, FL 33908
      View Details
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    Fort Myers, FL 33908-4737
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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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