3800 Fowler St Fort Myers, FL 33901
Industrial properties
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Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 2
Contact for pricing
3800 Fowler St, Fort Myers, FL 33901
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Estimated value (blended)
$4.05M
Range $3.64M – $4.45M (±10%)
Property ID
US18-0244974
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,640 SF
Lot
3.36 ac (146,234 SF)
Zoning code
C1
APN
36-44-24-P2-00023.0010
UPID
US18-0244974
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store
-
(Bike/Boat/Book/etc) Store Home Decor Store
-
Golf Cart Dealer
-
Auto Parts Store
-
Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.02M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$4.05M
Owner & transaction history
since 2006
6 recorded transactions
Zoning & alternative use
C1 · Fort Myers, FL
Top alternative use upside
Office building
$5.9M
+6.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.05M
Value range
$3.64M – $4.45M
±10% around blend
Estimated value / SF
$141 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
20
$3.64M
blend $4.05M
$4.45M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,640 SF
Lot area
3.36 ac
Year built
1985
Stories
1
APN
36-44-24-P2-00023.0010
Assessed value
$3,952,941
Annual tax
$49,829
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.02M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.36M
@ 6.5% CAP return
$4.02M
@ 7% CAP return
$3.74M
4
Sales comparison
Partial preview
Sales approach indication
$3.33M
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 68 sales
$195
-27%
County 101 sales
$176
-20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $141/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+7%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.95M
Move the market yield to see immediate price impact.
Value / SF
$138
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$249k
$4.98M
$3.56M
$2.77M
$277k
$5.53M
$3.95M
$3.07M
$304k
$6.09M
$4.35M
$3.38M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,829
Tax year 2023
Assessed value
$3,952,941
Assessed 2023
Previous assessed
$3,952,941
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$614,537
Assessed improvement
$3,338,404
Land market value
$614,537
Improvement market value
$3,338,404
Total market value
$3,952,941
Applied tax rate
90.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
12
Total area
28,640 SF
Lot
3.36 ac (146,234 SF)
Zoning code
C1
APN
36-44-24-P2-00023.0010
UPID
US18-0244974
Jurisdiction
LEE
Zoning & alternative use
C1 · Fort Myers, FLZoning C1 · permitted uses
C1 · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
12
Lot
3.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Fort Myers, FL
Recorded code
C1
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Owner of record and activity signals are derived from public records and modeled classifications.
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