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Property profile & analytics
OFF-MARKET
Estimated value
$3,625,000
Distribution centers
200 Carolina Ave Fort Myers Beach, FL 33931-2810
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4171339
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1977
Construction
STEEL FRAME
Total area
21,166 SF
Lot
1.64 ac (71,351 SF)
Zoning code
DOWNTOWN
APN
19-46-24-W4-00402.001A
UPID
US18-4171339
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
-
Closed Marketing & Advertising (Bike/Boat/Book/etc) Store
-
United States Postal Service Post Office Logistics Service
-
Fox Den Construction Co. Construction Company General Contractor
-
Fort Myers Beach Real Estate Real Estate Agency
-
Jannino Painting & Design Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.62M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.63M
Owner & transaction history
Realbook LLC · 5 yrs held
Realbook LLC
since 2021
Last sale
$3.7M
1 recorded transaction
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers Beach 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
$3,585,000
ML approach
$3,615,000
CAP Approach
CAP Return
Estimation
6%
$3,595,000
6.5%
$3,320,000
7%
$3,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,330,000
Current use
Blend value · Realmo final
$3.63M
Range $3.26M – $3.99M · ±10% · vs last sale $3.66M (Jan 7 2021)
Last sale anchor
$3.66M
Jan 7 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
$171 / 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
$41,766
Tax year 2023
Assessed value
$2,978,914
Assessed 2023
Previous assessed
$3,558,724
-16.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,978,904
Assessed improvement
$10
Land market value
$2,978,904
Improvement market value
$10
Total market value
$2,978,914
Applied tax rate
277.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
21,166 SF
Lot
1.64 ac (71,351 SF)
Zoning code
DOWNTOWN
APN
19-46-24-W4-00402.001A
UPID
US18-4171339
Jurisdiction
LEE
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Zoning DOWNTOWN · permitted uses
DOWNTOWN · Fort Myers Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
WAREHOUSE, STORAGE Current
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
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.64 ac
Current owner
From public records · entity-resolved
Realbook LLC
Entity
Mailing address
12 SEQUOIA DR, DAYTON, NJ 08810-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
$3,655,000
Realbook LLC
Fl Florida INC
Warranty Deed
$2,924,000 · Atlanta Postal Cu
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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