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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Warehouses
2495 Coconut Dr Sanibel, FL 33957-2007
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5435776
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
FRAME
Total area
2,542 SF
Lot
0.38 ac (16,360 SF)
APN
11-46-21-T1-0010C.0060
UPID
US18-5435776
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$245k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Lazy Flamingo Plaza INC · 6 yrs held
Lazy Flamingo Plaza INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sanibel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanibel 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
$245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$245k
Range $221k – $270k · ±10%
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
$96 / 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
$5,409
Tax year 2023
Assessed value
$310,523
Assessed 2023
Previous assessed
$357,130
-13.1% YoY
Effective rate
1.74%
On assessed value
Assessed land
$310,513
Assessed improvement
$10
Land market value
$310,513
Improvement market value
$10
Total market value
$310,523
Applied tax rate
10.0000
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
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
2,542 SF
Lot
0.38 ac (16,360 SF)
APN
11-46-21-T1-0010C.0060
UPID
US18-5435776
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Lazy Flamingo Plaza INC
Entity
Mailing address
6520 PNE AVE APT A, SANIBEL, FL 33957-2001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
Lazy Flamingo Plaza INC
—
Deed
related
$300,000 · Sanibel Captiva Cmnty Bk
Sep 20, 2019
—
Lazy Flamingo Plaza INC
—
Deed
related
$200,000 · Sanibel Captiva Cmnty Bk
Oct 3, 2018
—
Lct Properties INC
—
Loan Modification
related
$5,202,000 · Sanibel Captiva Cmnty Bk
May 29, 2018
—
Lazy Flamingo Plaza INC
—
Deed
related
$100,000 · Sanibel Captiva Cmnty Bk
Sep 29, 2017
—
Lazy Flamingo Plaza INC
—
Deed
related
$200,000 · Sanibel Captiva Cmnty Bk
Aug 30, 2017
—
Lazy Flamington Plaza INC
—
Deed
related
$100,000 · Sanibel Captiva Community Bank
Dec 9, 2016
—
Lazy Flamingo Plaza INC
—
Trustees Deed
related
$100,000 · Sanibel Captiva Cmnty Bk
Nov 30, 2009
—
Lazy Flamingo Plaza INC
—
Trustees Deed
related
$1,000,000 · Sanibel Captiva Community Bank
Oct 9, 2003
—
Lazy Flamingo Plaza INC
—
Deed Of Trust
related
$1,400,000 · Zions First National Bank
—
—
Lct Properties INC
—
Deed Of Trust
related
$1,000,000 · Sanibel Captiva Community Bank
—
—
Lazy Flamingo Plaza INC
—
Loan Modification
related
$200,000 · Sanibel Captiva Cmnty Bk
—
—
Lazy Flamingo Plaza INC
—
Loan Modification
related
$300,000 · Sanibel Captiva Cmnty Bk
—
—
Lct Properties INC
—
Deed Of Trust
related
$1,000,000 · Sanibel Captiva Community Bank
—
—
Lct Properties INC
—
Deed Of Trust
related
$1,000,000 · Sanibel Captiva Community Bank
—
—
Lazy Flamingo Plaza INC
—
Deed Of Trust
related
$75,000 · Edison National Bank
—
—
Lazy Flamingo Plaza INC
—
Loan Modification
related
$200,000 · Sanibel Captiva Cmnty Bk
—
—
Lazy Flamingo Plaza INC
—
Loan Modification
related
$100,000 · Sanibel Captiva Cmnty 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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