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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Flex space
2620 Jeffcott St Fort Myers, FL 33901-5301
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-7900471
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2001
Construction
STEEL FRAME
Total area
9,560 SF
Lot
11.54 ac (502,813 SF)
Zoning code
IH
APN
24-44-24-P3-00014.0160
UPID
US18-7900471
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
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.43M
Owner & transaction history
Tricircle Pavers INC
Tricircle Pavers INC
2 recorded transactions
Zoning & alternative use
IH · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+21.4%
Office building
$2.0M
+6.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,260,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,985,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$149 / 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
$22,528
Tax year 2023
Assessed value
$1,334,197
Assessed 2023
Previous assessed
$1,842,657
-27.6% YoY
Effective rate
1.69%
On assessed value
Assessed land
$474,851
Assessed improvement
$859,346
Land market value
$474,851
Improvement market value
$859,346
Total market value
$1,334,197
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Total area
9,560 SF
Lot
11.54 ac (502,813 SF)
Zoning code
IH
APN
24-44-24-P3-00014.0160
UPID
US18-7900471
Jurisdiction
LEE
Zoning & alternative use
IH · Fort Myers, FL
Zoning IH · permitted uses
IH · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
11.54 ac
Current owner
From public records · entity-resolved
Tricircle Pavers INC
Entity
Mailing address
PO BOX 51030, FORT MYERS, FL 33994-1030
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Tricircle Pavers INC
—
Deed Of Trust
related
$1,000,000 · United States Small Busn Admn
—
—
Tricircle Holdings INC
—
Loan Modification
related
$555,709 · Wachovia 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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