Estimated value (blended)
$505k
Range $455k – $556k (±10%)
Property ID
US18-5010470
Property summary
AI-generated overview
This exceptional 17,549-square-foot industrial warehouse, located at 204 Center Rd, Fort Myers, FL 33907, presents a unique investment opportunity. The single-story building, boasting high ceilings and large overhead doors, is ideally suited for a variety of industrial and distribution uses. Recently renovated in 2024, the property features open floor plans allowing for flexible layouts to accommodate diverse business needs. The building sits on approximately one acre of land and includes air-conditioned units and a secure, fenced yard. Its prime location in Lee County offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and convenient commutes. The property is currently configured for multiple tenants, with one 2,450 square foot space currently available. The APN is 12-45-24-01-0000G.0040. This well-maintained property represents a strong investment in a thriving Florida market. The recent renovations ensure the building is in excellent condition, ready for immediate occupancy. The combination of size, location, and recent upgrades makes this an exceptional opportunity for businesses seeking a functional and strategically located warehouse space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,988 SF
Lot
0.97 ac (42,400 SF)
Zoning code
C1
APN
12-45-24-01-0000G.0040
UPID
US18-5010470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
-
Hardware & Home Improvement Construction Company
-
Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
since 2026
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C1 · Fort Myers, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$505k
Value range
$455k – $556k
±10% around blend
Estimated value / SF
$39 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$455k
blend $505k
$556k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,988 SF
Lot area
0.97 ac
Year built
1940
Stories
1
APN
12-45-24-01-0000G.0040
Assessed value
$848,038
Annual tax
$9,340
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.44M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.5 mi away · 14,400 SF
5.4 mi away · 12,000 SF
6.4 mi away · 9,426 SF
6.8 mi away · 13,617 SF
7.0 mi away · 10,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$505k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$96
-60%
Submarket 498 sales
$190
-79%
County 735 sales
$205
-81%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $39/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.87M
Move the market yield to see immediate price impact.
Value / SF
$144
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$118k
$2.36M
$1.69M
$1.31M
$131k
$2.63M
$1.87M
$1.46M
$144k
$2.89M
$2.06M
$1.60M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.90M
3.2 mi · Sep 2025 · $185/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,340
Tax year 2023
Assessed value
$848,038
Assessed 2023
Previous assessed
$534,865
+58.6% YoY
Effective rate
1.10%
On assessed value
Assessed land
$222,990
Assessed improvement
$625,048
Land market value
$222,990
Improvement market value
$625,048
Total market value
$848,038
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
7
Total area
12,988 SF
Lot
0.97 ac (42,400 SF)
Zoning code
C1
APN
12-45-24-01-0000G.0040
UPID
US18-5010470
Jurisdiction
LEE
Zoning & alternative use
C1 · Fort Myers, FLZoning C1 · permitted uses
C1 · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
0.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Fort Myers, FL
Recorded code
C1
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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