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Property profile & analytics
OFF-MARKET
Estimated value
$5,330,000
Flex space
4840 Laredo Ave Fort Myers, FL 33905-4917
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-5521820
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2004
Construction
STEEL FRAME
Total area
30,380 SF
Lot
5 ac (217,800 SF)
Zoning code
IL
APN
16-44-25-P3-00067.0010
UPID
US18-5521820
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
Current use
Occupant on record · Public records
-
Water One Inc. Big Box & Wholesale Store
-
HoosierWaWa Big Box & Wholesale Store
-
Pure2Go Water Purifier General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.27M
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$5.33M
Owner & transaction history
Jorana Nnnn No 4 LLC
Jorana Nnnn No 4 LLC
since 2025
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.3M
+40.6%
Medical building
$8.1M
+36.5%
Retail stores
$7.9M
+33.7%
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%
$4,620,000
6.5%
$4,265,000
7%
$3,960,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,915,000
Current use
OFFICE BUILDING
$8,320,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$8,075,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$7,910,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,530,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$5.33M
Range $4.80M – $5.86M · ±10% · vs last sale $5.60M (May 29 2025)
Last sale anchor
$5.60M
May 29 2025
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
$175 / 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
$34,590
Tax year 2023
Assessed value
$2,509,800
Assessed 2023
Previous assessed
$2,184,996
+14.9% YoY
Effective rate
1.38%
On assessed value
Assessed land
$656,401
Assessed improvement
$1,853,399
Land market value
$656,401
Improvement market value
$1,853,399
Total market value
$2,509,800
Applied tax rate
90.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
30,380 SF
Lot
5 ac (217,800 SF)
Zoning code
IL
APN
16-44-25-P3-00067.0010
UPID
US18-5521820
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
OFFICE BUILDING
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.1M
RETAIL STORES
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$7.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5 ac
Current owner
From public records · entity-resolved
Jorana Nnnn No 4 LLC
Entity
Mailing address
960 MUIRFIELD DR, HANOVER PARK, IL 60133-5457
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$5,600,000
Jorana Nnnn No 4 LLC
Barlow LLC
Warranty Deed
—
Sep 6, 2002
$272,300
Barlow LLC
Iad Capital Corp
Grant Deed
—
—
—
Barlow LLC
—
Deed Of Trust
related
$840,000 · Regions 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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