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    2119 Laurel Ln North Fort Myers, FL 33917-1913
    Property profile & analytics

    2119 Laurel Ln, North Fort Myers, FL 33917-1913

    View on Map
    • Grocery and convenience stores
    • 3,835 SF
    • 0.60 lot acres
    Off-Market
    Last Sale Apr 30, 2025
    $900,000
    Property ID
    US18-1612009
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    7.3%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2119 Laurel Ln

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Zone code
    CPD
    Property type
    Grocery and convenience stores
    APN
    25-43-24-03-00070.002A
    APU
    2543240300070002A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2025 $900,000 Am & Pm Grocery INC 2119 Laurel LLC Warranty Deed $398k · Velocity Commercial Capital LLC
    Oct 27, 2010 $21,900 Mohammad D Hossain Banc Of America Mtg Secs INC Grant Deed —
    Apr 25, 2008 — 2119 Laurel LLC Network Property Invs INC Quit Claim Deed · related —
    Apr 26, 2001 $80,400 Network Property Investments Frankel,harold J Grant Deed $70k · Frankel Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $835,000
      ML approach
      $845,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $935,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $891,000
      Market price range: $543k - $4.33M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $905,000
      Current use
      COMMERCIAL (GENERAL)
      $1,375,000
      Change: +52% Conversion: Easy
      OFFICE BUILDING
      $1,050,000
      Change: +16% Conversion: Moderate
      MEDICAL BUILDING
      $1,020,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $1,000,000
      Change: +10% Conversion: Easy
      WAREHOUSE, STORAGE
      $725,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8712
    Latitude
    26.7053
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,273
    $104,385
    $239,231
    $343,616
    -
    $104,385
    $239,231
    $343,616

    Comparable in this City

    • Value Estimation
      $570,000
      4,026 SF

      18981 Old Bayshore Rd

      CONVENIENCE STORE
      18981 Old Bayshore Rd, North Fort Myers, FL 33917-5515
      View Details
    • Value Estimation by Request
      2,760 SF

      5760 Bayshore Rd

      CONVENIENCE STORE
      5760 Bayshore Rd, North Fort Myers, FL 33917-3009
      View Details
    • Value Estimation by Request
      2,400 SF

      15890 Hart Rd

      CONVENIENCE STORE
      15890 Hart Rd, North Fort Myers, FL 33917-5434
      View Details
    • Value Estimation
      $505,000
      2,940 SF

      2249 Laurel Ln

      CONVENIENCE STORE
      2249 Laurel Ln, North Fort Myers, FL 33917-1909
      View Details
    • Value Estimation by Request
      2,400 SF

      19451 State Rd 31

      CONVENIENCE STORE
      19451 State Rd 31, North Fort Myers, FL 33917-5523
      View Details
    • Value Estimation
      $515,000
      2,668 SF

      1309 Laurel Dr

      CONVENIENCE STORE
      1309 Laurel Dr, North Fort Myers, FL 33917-1826
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,320 SF

      ALDI Grocery Store Investment Opportunity

      Long-term lease with corporate guaranty in growing trade area.
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      View Details
    • Contact for pricing
      3,120 SF

      NNN Leased Investment Opportunity

      NNN leased 7-Eleven with rental increases and options.
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    • Contact for pricing
      2,774 SF

      Former C-Store on Slater Road

      Former Circle K on almost 1 acre of land.
      16177 Slater Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Neighborhood Shopping Center on Bayshore Rd

      Neighborhood shopping center with investment and owner/user opportunities.
      6355 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $1,400,000

      Freestanding Building on Bayshore Road

      Remodeled 4,242 SF building with high visibility and ample parking.
      6350 Bayshore Rd, North Fort Myers, FL 33917
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    Similar Nearby for Lease

    • Contact for pricing
      20,808 SF

      Gray Shell Retail Sublease

      Gray shell retail suite in an Aldi-anchored neighborhood center, offered for sublease in North Fort Myers.
      5660 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing North Fort Myers submarket.
      6694-6704 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      17910 N Tamiami Trl, North Fort Myers, FL 33917
      View Details
    • $3,500 /Mo

      Retail Space For Rent

      Retail space available for lease in North Fort Myers.
      29 Cardinal Dr, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Retail Units at Shoreline Shoppes

      Retail units for lease in North Fort Myers.
      5781 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $3,500 /Mo
      5,445 SF

      North Fort Myers Warehouse Space

      Versatile 1,700 SF industrial space for lease.
      27 Cardinal Dr, North Fort Myers, FL 33917
      View Details
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    North Fort Myers, FL 33917-1913
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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