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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Super regional malls
26795 Bay Dr 851 Bonita Springs, FL 34134-4320
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-3328823
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,230 SF
Lot
8.73 ac (380,395 SF)
Zoning code
PUD
APN
28-47-25-B3-0320D.0010
UPID
US18-3328823
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
-
Lace Clothing & Fashion Store
-
Marine Arts Gallery Bonita Springs FL Art Gallery
-
DeRomo's Banquet Room Wedding Service
-
International Jewelers LLC (Bike/Boat/Book/etc) Store
-
Kelly Chase Couture ~ By Appointment Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$3.62M
Blend (final)
Blend
$4.77M
Owner & transaction history
Rlr Investments LLC · 13 yrs held
Rlr Investments LLC
since 2012
3 recorded transactions
Zoning & alternative use
PUD · Bonita Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Planned Unit Development (PUD) district is to promote innovative and flexible land use design, encourage efficient use of infrastructure, support compatible mixed-use development, preserve open space, and offer both developers and the city predictable, coordinated outcomes in project planning and execution.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
3,291.35 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$7.9M
+26.5%
Office building
$7.7M
+23.0%
Retail stores
$7.5M
+19.8%
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%
$4,825,000
6.5%
$4,455,000
7%
$4,135,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,230,000
Current use
WAREHOUSE, STORAGE
$7,875,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$7,660,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$7,460,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$5,210,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±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
$261 / 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
$215,812
Tax year 2023
Assessed value
$19,827,809
Assessed 2023
Previous assessed
$17,120,586
+15.8% YoY
Effective rate
1.09%
On assessed value
Assessed land
$5,441,931
Assessed improvement
$14,385,878
Land market value
$5,441,931
Improvement market value
$14,385,878
Total market value
$19,827,809
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Bathrooms
2
Total area
18,230 SF
Lot
8.73 ac (380,395 SF)
Zoning code
PUD
APN
28-47-25-B3-0320D.0010
UPID
US18-3328823
Jurisdiction
LEE
Zoning & alternative use
PUD · Bonita Springs, FLZoning PUD · permitted uses
PUD · Bonita Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the Planned Unit Development (PUD) district is to promote innovative and flexible land use design, encourage efficient use of infrastructure, support compatible mixed-use development, preserve open space, and offer both developers and the city predictable, coordinated outcomes in project planning and execution.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
3,291.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.2M
WAREHOUSE, STORAGE
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
Buildings
7
Bathrooms
2
Lot
8.73 ac
Current owner
From public records · entity-resolved
Rlr Investments LLC
Entity
Free & Clear · 13 yrs held
Mailing address
600 GILLIAM RD, WILMINGTON, OH 45177-9089
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2012
$5,000,000
Rlr Investments LLC
Us Bank NA 2003-pwr1
Grant Deed
—
Feb 24, 2012
$100
Us Bank NA 2003-pwr1
Promenade Of Bonita Bay L Coc
Trustees Deed
related
—
Jul 28, 2005
$17,493,100
Promenade Real Property LLC
Promenade At Bonita Bay INC
Warranty Deed
related
—
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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