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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Grocery and convenience stores
4065 Hancock Brg Pkwy North Fort Myers, FL 33903-4294
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3586089
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Construction
STEEL FRAME
Total area
44,349 SF
Lot
8.97 ac (390,854 SF)
Zoning code
CPD
APN
09-44-24-00-01002.1020
UPID
US18-3586089
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.95M
Comparable Approach
Comparable
$7.23M
Blend (final)
Blend
$8.52M
Owner & transaction history
Lee County · 1 yrs held
Lee County
since 2025
5 recorded transactions
Zoning & alternative use
CPD · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.1M
+5.2%
Medical building
$11.8M
+2.1%
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Fort Myers 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%
$9,695,000
6.5%
$8,950,000
7%
$8,310,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,550,000
Current use
OFFICE BUILDING
$12,140,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$11,785,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,485,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±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
$192 / 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
$141,050
Tax year 2023
Assessed value
$10,173,223
Assessed 2023
Previous assessed
$9,507,407
+7.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$5,025,601
Assessed improvement
$5,147,622
Land market value
$5,025,601
Improvement market value
$5,147,622
Total market value
$10,173,223
Applied tax rate
37.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
44,349 SF
Lot
8.97 ac (390,854 SF)
Zoning code
CPD
APN
09-44-24-00-01002.1020
UPID
US18-3586089
Jurisdiction
LEE
Zoning & alternative use
CPD · North Fort Myers, FL
Zoning CPD · permitted uses
CPD · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.6M
OFFICE BUILDING
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$11.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
8.97 ac
Current owner
From public records · entity-resolved
Lee County
Entity
Free & Clear · 1 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Lee County
Orange Grove Station LLC
Special Warranty Deed
—
Dec 7, 2017
$8,580,000
Orange Grove Station LLC
Cpc Orange Grove LLC
Grant Deed
related
—
Apr 14, 2014
—
Cpc Orange Grove LLC
Orange Grove Center Group LLC
Quit Claim Deed
$5,400,000 · Aetna Life Insurance & Annuity
Jan 31, 2005
$9,700,000
Orange Grove Center Group LLC
Og Shopping Center LLC
Warranty Deed
—
Mar 21, 2000
$8,400,000
O G Shopping Center LLC
Orange Grove Center Lc
Grant Deed
—
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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