Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Drug stores
21950 Tamiami Trl Estero, FL 33928-3231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8274631
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,567 SF
Lot
2.01 ac (87,773 SF)
Zoning code
MPD
APN
33-46-25-E3-28007.0000
UPID
US18-8274631
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
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.09M
Blend (final)
Blend
$7.56M
Owner & transaction history
Oak Street Investment Grade Net Lea · 4 yrs held
Oak Street Investment Grade Net Lea
since 2022
Last sale
$7.4M
2 recorded transactions
Zoning & alternative use
MPD · Estero, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.7M
+124.4%
Commercial (general)
$10.3M
+97.6%
Restaurant
$9.6M
+84.1%
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
$7,630,000
ML approach
$7,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,205,000
Current use
AUTO REPAIR, GARAGE
$11,680,000
Change: +124% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,285,000
Change: +98% · Conversion: Easy
RESTAURANT
$9,585,000
Change: +84% · Conversion: Easy
OFFICE BUILDING
$7,920,000
Change: +52% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,660,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$4,735,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±10% · vs last sale $7.41M (Jan 5 2022)
Last sale anchor
$7.41M
Jan 5 2022
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
$456 / 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
$60,086
Tax year 2023
Assessed value
$4,973,164
Assessed 2023
Previous assessed
$5,008,985
-0.7% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,315,362
Assessed improvement
$1,657,802
Land market value
$3,315,362
Improvement market value
$1,657,802
Total market value
$4,973,164
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,567 SF
Lot
2.01 ac (87,773 SF)
Zoning code
MPD
APN
33-46-25-E3-28007.0000
UPID
US18-8274631
Jurisdiction
LEE
Zoning & alternative use
MPD · Estero, FL
Zoning MPD · permitted uses
MPD · Estero, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Estero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$10.3M
RESTAURANT
Est. value
$9.6M
OFFICE BUILDING
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$4.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Oak Street Investment Grade Net Lea
Entity
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$7,410,000
Oak Street Investment Grade Net Lea
Project Jupiter Fund V LLC
Special Warranty Deed
$7,410,000 · Citibank NA
Apr 29, 2021
$5,292,900
Project Jupiter Fund V LLC
Walgreen Co
Special Warranty Deed
$38,104,000 · Bbva USA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21950 Tamiami Trl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
