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Property profile & analytics
OFF-MARKET
Estimated value
$7,260,000
Warehouses
2399 Champion Ring Rd Fort Myers, FL 33905-5698
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8199158
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,843 SF
Lot
2.63 ac (114,420 SF)
Zoning code
SDA
APN
22-44-25-P3-1400A.0000
UPID
US18-8199158
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
$4.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.26M
Owner & transaction history
2399 Champion Ring Prop Co LLC · 3 yrs held
2399 Champion Ring Prop Co LLC
since 2023
Last sale
$6.8M
1 recorded transaction
Zoning & alternative use
SDA · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.4M
+44.8%
Office building
$7.9M
+10.5%
Medical building
$7.7M
+7.3%
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
$7,600,000
ML approach
$7,770,000
CAP Approach
CAP Return
Estimation
6%
$5,070,000
6.5%
$4,680,000
7%
$4,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,145,000
Current use
COMMERCIAL (GENERAL)
$10,350,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$7,895,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$7,665,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$7,510,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,820,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$7.26M
Range $6.53M – $7.99M · ±10% · vs last sale $6.84M (Jul 3 2023)
Last sale anchor
$6.84M
Jul 3 2023
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
$252 / 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
$108,373
Tax year 2023
Assessed value
$10,621,009
Assessed 2023
Previous assessed
$10,621,009
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$804,601
Assessed improvement
$9,816,408
Land market value
$804,601
Improvement market value
$9,816,408
Total market value
$10,621,009
Applied tax rate
90.0000
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
3
Total area
28,843 SF
Lot
2.63 ac (114,420 SF)
Zoning code
SDA
APN
22-44-25-P3-1400A.0000
UPID
US18-8199158
Jurisdiction
LEE
Zoning & alternative use
SDA · Fort Myers, FL
Zoning SDA · permitted uses
SDA · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Lot
2.63 ac
Current owner
From public records · entity-resolved
2399 Champion Ring Prop Co LLC
Entity
Mailing address
2911 TURTLE CRK BLVD STE #300, DALLAS, TX 75219-6243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$6,835,300
2399 Champion Ring Prop Co LLC
Csh Forum Self Storage LLC
Special Warranty Deed
$12,000,000 · Gsf Lender LLC
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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