Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4621 Bayshore Rd North Fort Myers, FL 33917-3986
    Back to Search
    Property profile & analytics

    4621 Bayshore Rd, North Fort Myers, FL 33917-3986

    View on Map
    • Office buildings
    • 2,310 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Feb 23, 2025
    $800,000
    Property ID
    US18-2712950
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 4621 Bayshore Rd

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Zone code
    C-1
    Property type
    Office buildings
    APN
    35-43-24-00-00023.0010
    APU
    35432400000230010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2025 $800,000 La Luz Del Mundo Iglesia Del Dios V Brujett LLC Warranty Deed $560k · Brujett LLC
    — — Bruce Vanderveen — Deed Of Trust · related $65k · Riverside Bank Gulf Coast
    — — Bruce Vanderveen — Deed Of Trust · related $75k · First American Bank
    — — Bruce Vanderveen — Deed Of Trust · related $139k · Pelican National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.881
    Latitude
    26.6827
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,064
    $19,258
    $218,520
    $237,778
    -
    $19,258
    $218,520
    $237,778

    Comparable in this City

    • Value Estimation by Request
      1,624 SF

      7301 Samville Rd

      OFFICE BUILDING (MULTI-STORY)
      7301 Samville Rd, North Fort Myers, FL 33917-2126
      View Details
    • Value Estimation by Request
      2,280 SF

      10480 Bayshore Rd

      OFFICE BUILDING (MULTI-STORY)
      10480 Bayshore Rd, North Fort Myers, FL 33917-3803
      View Details
    • Value Estimation by Request
      6,756 SF

      16351 Slater Rd

      OFFICE BUILDING
      16351 Slater Rd, North Fort Myers, FL 33917-6660
      View Details
    • Value Estimation
      $625,000
      2,500 SF

      18011 Old Bayshore Rd

      OFFICE BUILDING (MULTI-STORY)
      18011 Old Bayshore Rd, North Fort Myers, FL 33917-5825
      View Details
    • Value Estimation
      $1,560,000
      6,700 SF

      2975 Gdn St

      OFFICE BUILDING (MULTI-STORY)
      2975 Gdn St, North Fort Myers, FL 33917-1883
      View Details
    • Value Estimation
      $695,000
      4,109 SF

      17536 Winding Oak Ln

      OFFICE BUILDING (MULTI-STORY)
      17536 Winding Oak Ln, North Fort Myers, FL 33917-6600
      View Details

    Similar Nearby for Sale

    • $1,400,000
      Pending

      Remodeled Freestanding Building on Bayshore

      Remodeled office building with high visibility and ample parking.
      6350 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      North Fort Myers Agricultural Land

      2.54 acres of agriculturally zoned land in North Fort Myers.
      10041 Deal Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Commercial Land on Bayshore Road

      Prime commercial land with high traffic exposure in North Fort Myers.
      4941 Bayshore Rd, North Fort Myers, FL 33917
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Units at Shoreline Shoppes

      Retail units for lease in North Fort Myers.
      5781 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $15 SF/Yr

      North Fort Myers Flex Space

      Versatile 2,400 SF flex space with fenced yard.
      7997 Mercantile St, North Fort Myers, FL 33917
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing North Fort Myers submarket.
      6694-6704 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      17910 N Tamiami Trl, North Fort Myers, FL 33917
      View Details
    • Contact for pricing
      20,808 SF

      Gray Shell Retail Sublease

      Gray shell retail suite in an Aldi-anchored neighborhood center, offered for sublease in North Fort Myers.
      5660 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $3,500 /Mo
      5,445 SF

      North Fort Myers Warehouse Space

      Versatile 1,700 SF industrial space for lease.
      27 Cardinal Dr, North Fort Myers, FL 33917
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4621 Bayshore Rd
    North Fort Myers, FL 33917-3986
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4621 Bayshore Rd, North Fort Myers, FL, 33917
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!