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Property profile & analytics
OFF-MARKET
Estimated value
$10,780,000
Grocery and convenience stores
19990 Tamiami Trl Estero, FL 33928-2258
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-8378329
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,896 SF
Lot
3.78 ac (164,831 SF)
Zoning code
MPD
APN
28-46-25-E1-180C1.0000
UPID
US18-8378329
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
-
Sprouts Farmers Market Grocery & Convenience Store Food Market
-
Sprouts Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.01M
Blend (final)
Blend
$10.78M
Owner & transaction history
Lane Creek Estero LLC · 5 yrs held
Lane Creek Estero LLC
since 2021
Last sale
$14.4M
2 recorded transactions
Zoning & alternative use
MPD · Estero, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.3M
+84.1%
Office building
$14.3M
+52.1%
Neighborhood: shopping center
$10.2M
+8.7%
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 Estero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Estero 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
$14,115,000
ML approach
$10,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,395,000
Current use
RESTAURANT
$17,290,000
Change: +84% · Conversion: Easy
OFFICE BUILDING
$14,290,000
Change: +52% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,215,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$8,545,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$10.78M
Range $9.70M – $11.86M · ±10% · vs last sale $14.40M (Jun 8 2021)
Last sale anchor
$14.40M
Jun 8 2021
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
$361 / 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
$115,567
Tax year 2023
Assessed value
$8,989,086
Assessed 2023
Previous assessed
$7,824,235
+14.9% YoY
Effective rate
1.29%
On assessed value
Assessed land
$3,660,237
Assessed improvement
$5,328,849
Land market value
$3,660,237
Improvement market value
$5,328,849
Total market value
$8,989,086
Applied tax rate
316.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
29,896 SF
Lot
3.78 ac (164,831 SF)
Zoning code
MPD
APN
28-46-25-E1-180C1.0000
UPID
US18-8378329
Jurisdiction
LEE
Zoning & alternative use
MPD · Estero, FL
Zoning MPD · permitted uses
MPD · Estero, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Estero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.4M
RESTAURANT
Est. value
$17.3M
OFFICE BUILDING
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$8.5M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.78 ac
Current owner
From public records · entity-resolved
Lane Creek Estero LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1280 SNOWS ML RD, BOGART, GA 30622-2777
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
$14,400,000
Lane Creek Estero LLC
Estero Parkway Investment Partners
Special Warranty Deed
—
Jul 25, 2019
$2,500,000
Estero Parkway Investment Partners
Estero Grande LLC
Warranty Deed
$8,617,000 · Us Bank NA
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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