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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Parking lots & garages
26300 Southern Pnes Dr Bonita Springs, FL 34135-6165
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-1815093
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,421 SF
Lot
91.67 ac (3,993,145 SF)
Zoning code
MH-2
APN
25-47-25-B2-00002.0000
UPID
US18-1815093
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
Hometown Southern Pines LLC · 9 yrs held
Hometown Southern Pines LLC
since 2017
6 recorded transactions
Zoning & alternative use
MH-2 · Bonita Springs, FL
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$2,560,000
Current use
RETAIL STORES
$2,535,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,435,000
Change: -5% · Conversion: Difficult
RESTAURANT
$2,285,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$2,265,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±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
$221 / 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
$342,542
Tax year 2023
Assessed value
$37,798,696
Assessed 2023
Previous assessed
$19,085,412
+98.1% YoY
Effective rate
0.91%
On assessed value
Assessed land
$29,311,489
Assessed improvement
$8,487,207
Land market value
$29,311,489
Improvement market value
$8,487,207
Total market value
$37,798,696
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Total area
11,421 SF
Lot
91.67 ac (3,993,145 SF)
Zoning code
MH-2
APN
25-47-25-B2-00002.0000
UPID
US18-1815093
Jurisdiction
LEE
Zoning & alternative use
MH-2 · Bonita Springs, FL
Zoning MH-2 · permitted uses
MH-2 · 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
PARKING LOT Current
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
PARKING LOT Current
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Lot
91.67 ac
Current owner
From public records · entity-resolved
Hometown Southern Pines LLC
Entity
Free & Clear · 9 yrs held
Mailing address
150 N WACKER DR STE #2800, CHICAGO, IL 60606-1610
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2017
—
Hometown Southern Pines LLC
—
Deed
related
$23,634,000 · Miscellaneous Ins Co
Apr 18, 2017
$24,000,000
Hometown Southern Pines LLC
Tesone Dev LLC
Grant Deed
—
Mar 21, 2006
—
Lee County
Tesone Dev LLC
Warranty Deed
—
Jan 14, 2005
$19,400,000
Centex Homes
Tesone Dev LLC
Warranty Deed
—
Dec 29, 2000
$8,038,500
Tesone Development LLC
Tesone Development Corp
Grant Deed
related
—
—
—
Hometown Southern Pines LLC
—
Deed Of Trust
related
$23,634,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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