Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Warehouses
24073 Production Cir Bonita Springs, FL 34135-7188
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1807913
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
11,200 SF
Lot
1.08 ac (47,000 SF)
Zoning code
IL
APN
16-47-25-B2-01700.0220
UPID
US18-1807913
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
-
Autochex Automotive Sales Car Dealership
-
Crash Champions Collision Repair Bonita Springs Auto Repair Shop
-
Nationwide Interlock Building Supply General Contractor
-
Intoxalock Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.44M
Owner & transaction history
Wrev I Holdco LLC · 2 yrs held
Wrev I Holdco LLC
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
IL · Bonita Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+40.2%
Office building
$3.7M
+35.0%
Medical building
$3.2M
+17.3%
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 Bonita Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonita Springs 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
$2,155,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
$1,905,000
6.5%
$1,755,000
7%
$1,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,825,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$3,685,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$3,200,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.75M (Oct 5 2023)
Last sale anchor
$2.75M
Oct 5 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
$217 / 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
$18,619
Tax year 2023
Assessed value
$1,909,398
Assessed 2023
Previous assessed
$1,909,398
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$560,635
Assessed improvement
$1,348,763
Land market value
$560,635
Improvement market value
$1,348,763
Total market value
$1,909,398
Applied tax rate
17.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
11,200 SF
Lot
1.08 ac (47,000 SF)
Zoning code
IL
APN
16-47-25-B2-01700.0220
UPID
US18-1807913
Jurisdiction
LEE
Zoning & alternative use
IL · Bonita Springs, FL
Zoning IL · permitted uses
IL · Bonita Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bonita Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Wrev I Holdco LLC
Entity
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$2,750,000
Wrev I Holdco LLC
Mka Holdings LLC
Special Warranty Deed
$1,650,000 · Td Bank NA
May 10, 2018
—
Mka Holdings LLC
—
Deed
related
$987,000 · Lake Mi Cu
Oct 15, 2009
$1,200,000
Mka Holdings LLC
Brandauer,stephen
Warranty Deed
$1,193,000 · Mainstreet Lender 7(a) LLC
Jul 8, 1999
$145,000
Stephen Brandauer
Palm Shores Development Corp
Grant Deed
$116,000 · First National Bank Ft Myers
Dec 15, 1997
$100,000
Paragon Drywall INC
Finley,john W
Grant Deed
$50,000 · Nationsbank
—
—
Paragon Drywall INC
—
Deed Of Trust
related
$300,000 · First National Bank Ft Myers
—
—
Mka Holdings LLC
—
Deed Of Trust
related
$987,000 · Lake Mi Cu
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 24073 Production Cir?
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.
