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Property profile & analytics
OFF-MARKET
Estimated value
$3,880,000
Office buildings
24520 Production Cir Bonita Springs, FL 34135-7029
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1353191
Property summary
AI-generated overview
Vogue Plaza, located at 24520 Production Cir, Bonita Springs, FL 34135, offers exceptional office space in a meticulously maintained plaza. This single-story, 19,092 square foot building sits on a 2.01-acre lot and was constructed in 1998. The property is zoned CG and is conveniently situated on US 41, across from Pelican Landing in a prosperous area of Bonita Springs, Lee County. Two available suites provide flexible options for businesses of varying sizes. Unit 2 encompasses 2,339 square feet and features an open workspace, three private offices, a conference area, storage, and a kitchen/breakroom. Unit 3 offers a more expansive 3,375 square feet, including an open workspace, twelve private offices, two conference rooms, and a kitchen/breakroom. This property presents a unique opportunity to establish a presence in a high-demand location with excellent visibility and access. The building's single-story design provides easy navigation and accessibility. The property's location offers convenient access to major roadways and a variety of amenities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,820 SF
Lot
2.01 ac (87,403 SF)
Zoning code
IL
APN
16-47-25-B3-00500.0010
UPID
US18-1353191
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
-
Darren Schoof Real Estate Agency
-
Physical Therapy Associates Physician
-
Suncoast ReRoofing LLC Roofing Company General Contractor
-
Southern Showcase Interior Design Home Decor Store
-
Vogue Interiors Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$3.88M
Owner & transaction history
Smithcorp Realty Bonita LLC · 1 yrs held
Smithcorp Realty Bonita LLC
since 2024
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
IL · Bonita Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.1M
+3.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,445,000
6.5%
$5,025,000
7%
$4,665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,085,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$5,095,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.88M
Range $3.49M – $4.27M · ±10% · vs last sale $3.45M (May 12 2024)
Last sale anchor
$3.45M
May 12 2024
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
$218 / 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
$29,107
Tax year 2023
Assessed value
$3,026,926
Assessed 2023
Previous assessed
$2,134,684
+41.8% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,257,730
Assessed improvement
$1,769,196
Land market value
$1,257,730
Improvement market value
$1,769,196
Total market value
$3,026,926
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
17,820 SF
Lot
2.01 ac (87,403 SF)
Zoning code
IL
APN
16-47-25-B3-00500.0010
UPID
US18-1353191
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
OFFICE BUILDING Current
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING Current
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Smithcorp Realty Bonita LLC
Entity
Mailing address
24520 PRODUCTION CIR STE #7, BONITA SPRINGS, FL 34135-7029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$3,450,000
Smithcorp Realty Bonita LLC
Kenneth B Kingon JR
Warranty Deed
$1,700,000 · The Centre At Pelican Landing Trust
Aug 12, 2024
—
Kenneth B Kingon JR
Keith Ritter
Intrafamily Transfer
related
—
Jul 14, 2016
—
Centre Of Pelican Landing Land Trust
—
Deed
related
$415,000 · Valley Nat'l Bk
Jul 8, 2003
$525,000
New Generation Homes By Kingon
Colony-gateway INC
Grant Deed
—
—
—
Centre Of Pelican Landing Land Trust
—
Deed Of Trust
related
$415,000 · Valley Nat'l 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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