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Property profile & analytics
OFF-MARKET
Estimated value
$9,890,000
Outlet malls
27251 Bay Lndg Dr Bonita Springs, FL 34135-4300
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4261408
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,989 SF
Lot
6.67 ac (290,515 SF)
Zoning code
CPD
APN
33-47-25-B2-03305.0000
UPID
US18-4261408
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
-
Bay Landing Shopping Center & Mall
-
Wipe Out Window Cleaning Landscaping General Contractor
-
HomeGoods Department Store
-
The Fresh Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.50M
Comparable Approach
Comparable
$9.17M
Blend (final)
Blend
$9.89M
Owner & transaction history
Ivt Bay Landing Bonita Springs 1031 · 2 yrs held
Ivt Bay Landing Bonita Springs 1031
since 2023
3 recorded transactions
Zoning & alternative use
CPD · Bonita Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the CPD Commercial Planned Development district is to support commercial development through flexible, master-planned projects that primarily provide consumer retail, office, and business services, while allowing for ancillary residential, lodging, health care, institutional, and selected light industrial uses in a coordinated development frame…
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
927.67 ac
Source
Realmo
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%
$12,460,000
6.5%
$11,500,000
7%
$10,680,000
Blend value · Realmo final
$9.89M
Range $8.90M – $10.88M · ±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
$174 / 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
$104,960
Tax year 2023
Assessed value
$7,799,228
Assessed 2023
Previous assessed
$8,519,603
-8.5% YoY
Effective rate
1.35%
On assessed value
Assessed land
$4,837,660
Assessed improvement
$2,961,568
Land market value
$4,837,660
Improvement market value
$2,961,568
Total market value
$7,799,228
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
56,989 SF
Lot
6.67 ac (290,515 SF)
Zoning code
CPD
APN
33-47-25-B2-03305.0000
UPID
US18-4261408
Jurisdiction
LEE
Zoning & alternative use
CPD · Bonita Springs, FLZoning CPD · permitted uses
CPD · 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 CPD Commercial Planned Development district is to support commercial development through flexible, master-planned projects that primarily provide consumer retail, office, and business services, while allowing for ancillary residential, lodging, health care, institutional, and selected light industrial uses in a coordinated development framework.
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
927.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.67 ac
Current owner
From public records · entity-resolved
Ivt Bay Landing Bonita Springs 1031
Individual
Free & Clear · 2 yrs held
Mailing address
3025 HIGHLAND PKWY STE #350, DOWNERS GROVE, IL 60515-5541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 13, 2023
—
Ivt Bay Landing Bonita Springs 1031
Bay Landing I INC
Re-recorded Document
related
—
Aug 30, 2016
—
Bay Landing I INC
—
Deed
related
$4,000,000 · First Fl Integrity Bk
—
—
Bay Landing I INC
—
Deed Of Trust
related
$4,000,000 · First Fl Integrity 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.
Try Rey
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