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    24951 Old 41st Rd Bonita Springs, FL 34135-7045
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    Property profile & analytics

    24951 Old 41st Rd Bonita Springs, FL 34135-7045

    View on Map
    • Industrial properties
    • 19,941 SF
    • 2.74 lot acres
    Off-Market
    Property ID
    US18-4587413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • West Coast Art & Design / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Watson Group Construction, Inc. / Construction Company / General Contractor
    • Cutters Choice / (Bike/Boat/Book/etc) Store / Garden Center
    • Jordan’s Shutters, Inc | Hurricane Shutters Repairs Maintenance and Installation / Hardware & Home Improvement / Interior Design
    • pc plus naples / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 24951 Old 41st Rd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.74 lot acres
    Property size
    19,941 SF
    Zone code
    IL
    Property type
    Industrial properties
    APN
    16-47-25-B3-00001.0000
    APU
    164725B3000010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,035,000
      6.5%
      $2,800,000
      7%
      $2,600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,804,000
      Market price range: $896k - $2.63M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,510,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bonita Springs
    County
    Lee
    State
    Florida
    Longitude
    -81.8043
    Latitude
    26.378
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,400
    $829,943
    $2,376,799
    $3,206,742
    -
    $829,943
    $2,376,799
    $3,206,742

    Comparable in this City

    • Value Estimation
      $3,290,000
      18,452 SF

      10951 Harmony Park Dr

      INDUSTRIAL (GENERAL) • 18,452 SF
      10951 Harmony Park Dr, Bonita Springs, FL 34135-1819
      View Details
    • Value Estimation
      $3,900,000
      27,188 SF

      9201 Cockleshell Ct

      INDUSTRIAL (GENERAL) • 27,188 SF
      9201 Cockleshell Ct, Bonita Springs, FL 34135-7902
      View Details
    • Value Estimation
      $3,525,000
      28,053 SF

      28120 Hunters Rdg Blvd

      INDUSTRIAL (GENERAL) • 28,053 SF
      28120 Hunters Rdg Blvd, Bonita Springs, FL 34135-7293
      View Details
    • Value Estimation
      $1,795,000
      14,426 SF

      25070 Bernwood Dr

      INDUSTRIAL (GENERAL) • 14,426 SF
      25070 Bernwood Dr, Bonita Springs, FL 34135-7900
      View Details
    • Value Estimation by Request
      1,555 SF

      28360 Old 41 Rd

      Flex space • 1,555 SF
      28360 Old 41 Rd, Bonita Springs, FL 34135
      View Details
    • Value Estimation
      $900,000
      5,787 SF

      25330 Bernwood Dr

      INDUSTRIAL (GENERAL) • 5,787 SF
      25330 Bernwood Dr, Bonita Springs, FL 34135-2606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Bonita Springs Warehouse with Yard

      Warehouse with six overhead doors, loading ramp, and large yard.
      10980 Enterprise Ave, Bonita Springs, FL 34135
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      5,536 SF

      Bonita Springs Flex Distribution Building

      Multi-tenant flex building in Greyhound Commerce Park for sale.
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    • New
      $1,449,999
      3,780 SF

      Bonita Springs Flex/Warehouse Space

      Flex space with warehouse and office components in Bonita Springs.
      27900 Industrial St, Bonita Springs, FL 34135
      View Details
    • $350,000
      1.25 Acres

      Bonita Springs Acreage for Custom Home

      1.25 acre lot ready for your dream home!
      24166 Melaine Ln, Bonita Springs, FL 34135
      View Details
    • $300,000
      2.56 Acres

      Land in Bonita Springs, FL

      Two adjacent agricultural sites totaling 7.5 acres in Bonita Springs.
      Cutting Horse Ln, Bonita Springs, FL 34135
      View Details
    • Contact for pricing

      22.53 Acre Corner Site

      22.53 acres on Bonita Beach Road, between Fort Myers and Naples.
      Bonita Bch Rd & Old Tamiami Trl, Bonita Springs, FL 34135
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    Similar Nearby for Lease

    • Contact for pricing
      7,190 SF

      Industrial Space Available For Lease

      7,190 square feet of industrial space for lease.
      10951 Harmony Park Dr, Bonita Springs, FL 34135
      View Details
    • Contact for pricing

      Bonita Springs Flex/Industrial Space

      Flex and light industrial spaces in Bonita Springs for rent.
      25270 Bernwood Dr, Bonita Springs, FL 34135
      View Details
    • Contact for pricing

      Bonita Springs Flex/Industrial Space

      Air-conditioned flex/industrial building in Bonita Springs, Florida. Direct highway access.
      28790 S Diesel Dr, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      1,500 SF

      Bonita Springs Flex/Industrial Space

      Flex/industrial space available for lease in Bonita Springs, Florida.
      28731 S Cargo Ct, Bonita Springs, FL 34135
      View Details
    • $34,272
      11,524 SF

      Bonita Springs Warehouse Space Available

      Industrial warehouse space for lease in Bonita Springs, Florida.
      24551 Production Cir, Bonita Springs, FL 34135
      View Details
    • $37,485
      11,524 SF

      Bonita Springs Warehouse Space Available

      Warehouse space for lease in Bonita Springs, Florida.
      24551 Production Cir, Bonita Springs, FL 34135
      View Details
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    24951 Old 41st Rd
    Bonita Springs, FL 34135-7045
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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