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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Distribution centers
28280 Old 41 Rd M1 Bonita Springs, FL 34135-6851
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-8134075
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2019
Total area
3,600 SF
Lot
0.92 ac (39,879 SF)
APN
02-48-25-B1-29000.0M01
UPID
US18-8134075
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
-
Theorem Fitness - Personal Exercise Clinic Gym & Fitness Center
-
Grumpy Goat Coffee Roastery Cafe & Coffee Shop Specialty Food Shop
-
Bonita Makers Production Facility Furniture & Home Goods
-
Lightscapes Landscaping
-
Causeway Commerce Park Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
Five K LLC
Five K LLC
since 2025
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+189.4%
Commercial (general)
$2.2M
+154.9%
Retail stores
$1.5M
+68.0%
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
$2,285,000
ML approach
$2,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,540,000
Change: +189% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,235,000
Change: +155% · Conversion: Difficult
RETAIL STORES
$1,475,000
Change: +68% · Conversion: Moderate
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.15M (Oct 23 2025)
Last sale anchor
$2.15M
Oct 23 2025
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
$622 / 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
$12,331
Tax year 2023
Assessed value
$1,102,817
Assessed 2023
Previous assessed
$747,363
+47.6% YoY
Effective rate
1.12%
On assessed value
Assessed improvement
$1,102,817
Improvement market value
$1,102,817
Total market value
$1,102,817
Applied tax rate
311.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2019
Heating
NONE
Bathrooms
2
Total area
3,600 SF
Lot
0.92 ac (39,879 SF)
APN
02-48-25-B1-29000.0M01
UPID
US18-8134075
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2019
Heating
NONE
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Five K LLC
Entity
Mailing address
1775 HURRICANE HBR LN, NAPLES, FL 34102-5100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 23, 2025
$2,150,000
Five K LLC
Blades Magic Properties LLC
Special Warranty Deed
$1,935,000 · First Horizon Bank
Apr 4, 2025
—
Blades Magic Properties LLC
1209 W University Ave LLC
Quitclaim Deed
related
—
Nov 16, 2021
$1,760,000
1209 W University Ave LLC
Causeway Commerce Park LLC
Special Warranty Deed
—
Dec 11, 2020
—
Causeway Commerce Park LLC
—
Deed
related
$1,200,000 · Midwestone Bank
Jan 30, 2020
—
Causeway Commerce Park LLC
—
Deed
related
$1,000,000 · Midwestone Bk
—
—
Causeway Commerce Park LLC
—
Loan Modification
related
$1,000,000 · Midwestone 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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