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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Distribution centers
28280 Old 41 Rd M3 Bonita Springs, FL 34135-6851
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8348492
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2019
Total area
2,520 SF
Lot
0.92 ac (39,879 SF)
APN
02-48-25-B1-29000.0M03
UPID
US18-8348492
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$670k
Owner & transaction history
Deep Blue Holdings Group LLC · 1 yrs held
Deep Blue Holdings Group LLC
since 2025
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+68.0%
Neighborhood: shopping center
$860,000
+40.2%
Office building
$830,000
+35.0%
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
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
WAREHOUSE, STORAGE
$615,000
Current use
RETAIL STORES
$1,030,000
Change: +68% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$830,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $900k (Apr 15 2025)
Last sale anchor
$900k
Apr 15 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
$266 / 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
$8,461
Tax year 2023
Assessed value
$771,959
Assessed 2023
Previous assessed
$523,155
+47.6% YoY
Effective rate
1.10%
On assessed value
Assessed improvement
$771,959
Improvement market value
$771,959
Total market value
$771,959
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
Total area
2,520 SF
Lot
0.92 ac (39,879 SF)
APN
02-48-25-B1-29000.0M03
UPID
US18-8348492
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
WAREHOUSE, STORAGE Current
Est. value
$615,000
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
OFFICE BUILDING
Est. value
$830,000
MEDICAL BUILDING
Est. value
$720,000
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2019
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Deep Blue Holdings Group LLC
Entity
Mailing address
27088 DEL LN, BONITA SPRINGS, FL 34135-4409
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$900,000
Deep Blue Holdings Group LLC
Phil 413 LLC
Warranty Deed
$2,063,000 · The Huntington National Bank
Dec 11, 2019
$453,600
Phil 413 LLC
Causewy Commerce Park LLC
Special Warranty Deed
$375,000 · First Horizon Bank
Jul 11, 2018
$1,200,000
Ultimate Developments LLC
Causeway Commerce Park LLC
Warranty Deed
$3,528,000 · Midwestone Bk
Apr 13, 2018
—
Causeway Commerce Park LLC
—
Deed
related
$175,000 · Midwestone Bk
Jul 17, 2017
$4,150,000
Causeway Commerce Park LLC
Causeway Lumber Co INC
Grant Deed
related
$10,566,278 · Midwestone Bk
Dec 15, 2016
—
Causeway Lumber Co INC
—
Deed
related
$375,000 · American Nat'l Bk
Jun 3, 2009
—
Causeway Lumber Co INC
—
Grant Deed
related
$12,375,000 · Wachovia Bk
—
—
Causeway Lumber Co INC
—
Loan Modification
related
$19,565 · Wachovia Bk
—
—
Causeway Lumber Co INC
—
Deed Of Trust
related
$812,567 · M Scott Whiddon
—
—
Causeway Lumber Co INC
—
Loan Modification
related
—
—
—
Causeway Lumber Co INC
—
Deed Of Trust
related
$300,000 · American Nat'l Bk
—
—
Causeway Lumber Co INC
—
Loan Modification
related
$1,500,000 · Angelyn S Whiddon
—
—
Causeway Lumber Co INC
—
Loan Modification
related
$375,000 · American Nat'l Bk
—
—
Causeway Commerce Park LLC
—
Loan Modification
related
$175,000 · Midwestone Bk
—
—
Causeway Lumber Co INC
—
Deed Of Trust
related
$1,500,000 · Angelyn S Whiddon
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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