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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Office buildings
19300 Tamiami Trl Fort Myers, FL 33908-4803
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3395907
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
FRAME
Total area
2,831 SF
Lot
4 ac (174,424 SF)
Zoning code
CG
APN
20-46-25-01-00013.0000
UPID
US18-3395907
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
Current use
Occupant on record · Public records
-
Marina Mike's (Bike/Boat/Book/etc) Store
-
Marina Mike's Boat Rental Boat Rental Service
-
Outdoor Cover Warehouse (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.82M
Owner & transaction history
Commonage Corporation · 3 yrs held
Commonage Corporation
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
CG · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+152.2%
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 Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$2,870,000
ML approach
$2,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,070,000
Change: +152% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $2.70M (Aug 24 2022)
Last sale anchor
$2.70M
Aug 24 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
$994 / 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
$19,755
Tax year 2023
Assessed value
$1,422,384
Assessed 2023
Previous assessed
$1,107,515
+28.4% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,250,620
Assessed improvement
$171,764
Land market value
$1,250,620
Improvement market value
$171,764
Total market value
$1,422,384
Applied tax rate
71.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,831 SF
Lot
4 ac (174,424 SF)
Zoning code
CG
APN
20-46-25-01-00013.0000
UPID
US18-3395907
Jurisdiction
LEE
Zoning & alternative use
CG · Fort Myers, FL
Zoning CG · permitted uses
CG · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.1M
AUTO REPAIR, GARAGE
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
Commonage Corporation
Entity
Mailing address
3200 BAILEY LN STE #199, NAPLES, FL 34105-8506
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
$2,700,000
Commonage Corporation
Marina Mikes LLC
Warranty Deed
—
Jan 14, 2020
$1,270,600
Marina Mikes LLC
One Water Marine Holdings LLC
Grant Deed
—
Jan 14, 2020
—
Legendary Assets & Operations LLC
—
Deed
related
$1,049,212 · Goldman Sachs Specialty Lending Group LP
Jan 20, 2017
$1,200,000
One Water Marine Holdings LLC
Marina Mikes Investments LLC
Warranty Deed
$1,200,000 · Goldman Sachs Specialty Lndg
Jan 16, 2008
—
Marina Mikes Investments LLC
Murphy,gary L & Diane S
Warranty Deed
—
Apr 28, 2003
$190,000
Vera B Rhoads
Murphy,gary & Mcihael
Grant Deed
—
Jul 2, 1997
$680,000
Gary L Murphy
Sess;er,laverne M
Grant Deed
$600,000 · First National Bank Florida
—
—
Marina Mikes LLC
—
Loan Modification
related
$600,000 · Cnlbank
—
—
Michael V Murphy
—
Deed Of Trust
related
$350,000 · Fifth Third Bank
—
—
Marina Mikes Investments LLC
—
Deed Of Trust
related
$385,737 · Cnl Bank
—
—
Legendary Assets & Operations
—
Deed Of Trust
related
$65,000,000 · Goldman Sachs Specialty Lndg G
—
—
Gary L Murphy
—
Deed Of Trust
related
$250,000 · Colonial Bank
—
—
Marina Mikes Investments LLC
—
Deed Of Trust
related
$700,000 · Fifth Third Bank
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
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