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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Outlet malls
20071 Tamiami Trl Estero, FL 33928-2115
Entity Owned
27-yr Hold
Free & Clear
Property ID
US18-8124545
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
STEEL FRAME
Total area
14,350 SF
Lot
2.28 ac (99,447 SF)
Zoning code
CC
APN
28-46-25-E1-U1869.2549
UPID
US18-8124545
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
-
Estero Garage Door Repair Service Experts Corporate Office
-
Driftwood Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.47M
Owner & transaction history
DRIFTWOOD GARDEN CENTER FT MYERS I
DRIFTWOOD GARDEN CENTER FT MYERS I
Zoning & alternative use
CC · Estero, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Community Commercial (CC) District is to provide lands that accommodate high quality, medium-scale, community-serving commercial development (particularly shopping centers). The primary allowed uses include retail sales, personal services, eating and drinking establishments, offices, recreation/entertainment uses, and vehicle and boat sale…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
48.49 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,135,000
6.5%
$2,895,000
7%
$2,690,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,100,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10%
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
$172 / 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
$29,637
Tax year 2023
Assessed value
$3,333,142
Assessed 2023
Previous assessed
$2,479,601
+34.4% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,464,496
Assessed improvement
$868,646
Land market value
$2,464,496
Improvement market value
$868,646
Total market value
$3,333,142
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
14,350 SF
Lot
2.28 ac (99,447 SF)
Zoning code
CC
APN
28-46-25-E1-U1869.2549
UPID
US18-8124545
Jurisdiction
LEE
Zoning & alternative use
CC · Estero, FLZoning CC · permitted uses
CC · Estero, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Community Commercial (CC) District is to provide lands that accommodate high quality, medium-scale, community-serving commercial development (particularly shopping centers). The primary allowed uses include retail sales, personal services, eating and drinking establishments, offices, recreation/entertainment uses, and vehicle and boat sales and services. Development form should focus on the establishment of high quality, medium-scale, walkable, and connected centers that serve a market area of multiple neighborhoods, and are designed so as not to adversely impact the character of adjacent residential single-family neighborhoods
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
48.49 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.1M
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
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
DRIFTWOOD GARDEN CENTER FT MYERS I
Individual
Free & Clear · 0 yrs held
Mailing address
20071 S TAMIAMI TRL, ESTERO, FL 33928-2115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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