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Property profile & analytics
OFF-MARKET
Estimated value
$4,730,000
Outlet malls
4621 Waycross Rd Fort Myers, FL 33905
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4425041
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Construction
STEEL FRAME
Total area
25,146 SF
Lot
19.56 ac (851,835 SF)
Zoning code
IL
APN
10-44-25-07-00000.0010
UPID
US18-4425041
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
$5.08M
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$4.73M
Owner & transaction history
Cole Cw Fort Myers Fl LLC · 9 yrs held
Cole Cw Fort Myers Fl LLC
since 2017
7 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.9M
+5.2%
Medical building
$6.7M
+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 Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$5,500,000
6.5%
$5,075,000
7%
$4,710,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,550,000
Current use
OFFICE BUILDING
$6,885,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$6,685,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,230,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,945,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$4.73M
Range $4.26M – $5.20M · ±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
$188 / 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
$59,966
Tax year 2023
Assessed value
$4,134,356
Assessed 2023
Previous assessed
$4,134,356
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$3,608,373
Assessed improvement
$525,983
Land market value
$3,608,373
Improvement market value
$525,983
Total market value
$4,134,356
Applied tax rate
46.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
25,146 SF
Lot
19.56 ac (851,835 SF)
Zoning code
IL
APN
10-44-25-07-00000.0010
UPID
US18-4425041
Jurisdiction
LEE
Zoning & alternative use
IL · Fort Myers, FL
Zoning IL · permitted uses
IL · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
19.56 ac
Current owner
From public records · entity-resolved
Cole Cw Fort Myers Fl LLC
Entity
Mailing address
250 PKWY DR STE #270, LINCOLNSHIRE, IL 60069-4346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2017
$15,171,000
Cole Cw Fort Myers Fl LLC
Marks Rv & Boat Sales Ft Myers
Grant Deed
—
Jun 12, 2012
—
Marks Rv
—
Grant Deed
related
$5,000,000 · J P Morgan Chase Bank
Jan 3, 2005
$3,500,000
Marks Rv
Mark Stout Realty LLC
Quit Claim Deed
related
—
Jul 23, 1999
$125,200
J B Alva INC
B F Industrial Park INC
Grant Deed
$411,000 · Riverside Bank Gulf Coast
—
—
Marks Rv
—
Deed Of Trust
related
$3,541,666 · Key Bank & Trust
—
—
Marks Rv & Boat Sales Ft Myer
—
Deed Of Trust
related
$3,000,000 · Jp Morgan Chase Bk
—
—
Marks Rv
—
Deed Of Trust
related
$361,317 · Key Bank & Trust
—
—
Marks Rv
—
Deed Of Trust
related
$2,500,000 · Key Bank & Trust
—
—
Mark Stout Realty LLC
—
Deed Of Trust
related
$1,500,000 · First Indiana Bank
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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