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Property profile & analytics
OFF-MARKET
Estimated value
$4,385,000
Warehouses
2111 Andrea Ln Fort Myers, FL 33912-1903
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4413241
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
STEEL FRAME
Total area
17,820 SF
Lot
1.07 ac (46,400 SF)
Zoning code
C-2
APN
25-45-24-00-00001.017E
UPID
US18-4413241
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.07M
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$4.39M
Owner & transaction history
Gsi Fort Myers LLC · 5 yrs held
Gsi Fort Myers LLC
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
C-2 · Fort Myers, 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 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
$5,345,000
ML approach
$5,065,000
CAP Approach
CAP Return
Estimation
6%
$3,130,000
6.5%
$2,890,000
7%
$2,685,000
Blend value · Realmo final
$4.39M
Range $3.95M – $4.82M · ±10% · vs last sale $3.95M (Dec 30 2020)
Last sale anchor
$3.95M
Dec 30 2020
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
$246 / 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
$15,579
Tax year 2023
Assessed value
$1,360,308
Assessed 2023
Previous assessed
$893,284
+52.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$282,465
Assessed improvement
$1,077,843
Land market value
$282,465
Improvement market value
$1,077,843
Total market value
$1,360,308
Applied tax rate
47.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
17,820 SF
Lot
1.07 ac (46,400 SF)
Zoning code
C-2
APN
25-45-24-00-00001.017E
UPID
US18-4413241
Jurisdiction
LEE
Zoning & alternative use
C-2 · Fort Myers, FL
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Gsi Fort Myers LLC
Entity
Mailing address
6805 CARNEGIE BLVD STE #250, CHARLOTTE, NC 28211-4276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
Gsi Fort Myers LLC
—
Deed
related
$224,000,000 · Pcred It Lending II LLC
Dec 21, 2022
—
Gsi Fort Myers LLC
—
Deed
related
$195,000,000 · Jpmorgan Chase Bank NA
Dec 30, 2020
—
Gsi Fort Myers LLC
Madison Capital Group Management Ll
Quit Claim Deed
related
$437,571 · Jpmorgan Chase Bank NA
Dec 14, 2020
$3,950,000
Madison Cap Grp Mgmt LLC
Extra Closet Fort Myers LLC
Warranty Deed
—
Dec 14, 2020
—
Gsi Fort Myers LLC
—
Deed
related
$195,000,000 · Jp Morgan Chase Bk
Mar 15, 2018
—
Extra Closet Fort Myers LLC
—
Grant Deed
related
$1,655,000 · Encore Bk
Aug 29, 2017
$325,000
Exdtra Closet Fort Myers LLC
Extra Closet Acquisitions LLC
Warranty Deed
$1,158,500 · Encore Bank NA
Oct 4, 2006
$3,725,000
Extra Closet Acquisitions LLC
Livingston,ralph L & Barbara S
Grant Deed
$3,040,000 · Lasalle National Bank
—
—
Gsi Fort Myers LLC
—
Deed Of Trust
related
$195,000,000 · Jp Morgan Chase Bk
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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