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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Strip malls
4750 Bayline Dr North Fort Myers, FL 33917-3979
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4881357
Property summary
AI-generated overview
This single-story, 9,335-square-foot flex building, situated on 1.42 acres in North Ft. Myers, offers a variety of uses. Built in 1976 and renovated in 2022, the property features 2,408 square feet of immediately available space, with a maximum contiguous space of 9,616 square feet. The building boasts a 12-foot ceiling height, one loading dock with one dock-high door, and ample parking with 40 spaces. Its convenient location offers easy access to I-75 and benefits from high visibility with pylon signage opportunities. The property is zoned C-1A (Lee County) and features a total of five suites. The APN is 02-44-01-00013.0010. The building's prime location on Bayshore Rd., near Ixora Dr. and Bayline Dr., enjoys a 2023 traffic count of 32,500 AADT. This versatile space is ideal for a variety of businesses, including office, industrial, retail, medical, and creative office uses.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,598 SF
Lot
1.52 ac (66,168 SF)
Zoning code
C-1A
APN
02-44-24-01-00013.0010
UPID
US18-4881357
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
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$959k
Blend (final)
Blend
$1.12M
Owner & transaction history
Lee County Real Estate Investments · 3 yrs held
Lee County Real Estate Investments
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C-1A · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+15.8%
Medical building
$1.8M
+12.4%
Retail stores
$1.7M
+10.1%
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
$1,130,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,560,000
Current use
OFFICE BUILDING
$1,805,000
Change: +16% · Conversion: Moderate
MEDICAL BUILDING
$1,755,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,720,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,285,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.10M (Aug 18 2022)
Last sale anchor
$1.10M
Aug 18 2022
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
$169 / 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
$12,416
Tax year 2023
Assessed value
$833,874
Assessed 2023
Previous assessed
$724,179
+15.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$596,438
Assessed improvement
$237,436
Land market value
$596,438
Improvement market value
$237,436
Total market value
$833,874
Applied tax rate
39.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
6,598 SF
Lot
1.52 ac (66,168 SF)
Zoning code
C-1A
APN
02-44-24-01-00013.0010
UPID
US18-4881357
Jurisdiction
LEE
Zoning & alternative use
C-1A · North Fort Myers, FL
Zoning C-1A · permitted uses
C-1A · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Lee County Real Estate Investments
Entity
Mailing address
11843 FOX HL CIR, BOYNTON BEACH, FL 33473-7833
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
$1,100,000
Lee County Real Estate Investments
Red Pill LLC
Warranty Deed
$825,000 · First Bank
May 24, 2022
—
Bayline Drive Land Trust 4750
—
Deed
related
$700,000 · Cdc Financial Corp
Mar 31, 2021
—
Red Pill LLC
—
Deed
related
$425,000 · Florida Investments Florida Land Trust 7
Mar 23, 2021
—
Red Pill LLC
Satellite Internet Security LLC
Deed
—
Nov 5, 2019
—
Bayline Drive Land Trust 4750
—
Deed
related
$300,000 · William C & Bonnie J Morley
Oct 29, 2019
—
Emil Weiman INC
John E Weiman
Affidavit Of Death
related
—
Jan 2, 2019
$1,600,000
Bayline Drive Land Trust 4750
Emil Weiman INC
Warranty Deed
$1,010,000 · Adam L Menkes
—
—
Bayline Drive Land Trust 4750
—
Deed Of Trust
related
$300,000 · William C & Bonnie J Morley
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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