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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Strip malls
505 Hickpochee Ave, Labelle, FL 33935-4735
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4083361
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,610 SF
Lot
1.09 ac (47,480 SF)
Zoning code
LB-B-2
APN
2 29 43 02 700 0001-001.0
UPID
US18-4083361
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
-
Chinese Fortune Cookie Restaurant Restaurant
-
Pizza Hut Take-out & Catering
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Siam Bali Rags (Bike/Boat/Book/etc) Store Pet Store
-
The UPS Store Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Girgis Ventures LLC · 5 yrs held
Girgis Ventures LLC
since 2020
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
LB-B-2 · Labelle, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Labelle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Labelle 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
$1,375,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,945,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$1,585,000
Change: 0% · Conversion: Easy
RESTAURANT
$1,445,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,310,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,180,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.14M (Nov 10 2020)
Last sale anchor
$1.14M
Nov 10 2020
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
$97 / 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
$43,715
Tax year 2023
Assessed value
$1,973,928
Assessed 2023
Previous assessed
$1,797,748
+9.8% YoY
Effective rate
2.21%
On assessed value
Assessed land
$376,967
Assessed improvement
$1,596,961
Land market value
$376,967
Improvement market value
$1,596,961
Total market value
$1,973,928
Applied tax rate
10.0000
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
12,610 SF
Lot
1.09 ac (47,480 SF)
Zoning code
LB-B-2
APN
2 29 43 02 700 0001-001.0
UPID
US18-4083361
Jurisdiction
HENDRY
Zoning & alternative use
LB-B-2 · Labelle, FL
Zoning LB-B-2 · permitted uses
LB-B-2 · Labelle, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Labelle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Girgis Ventures LLC
Entity
Mailing address
235 W BRANDON BLVD #228, BRANDON, FL 33511-5103
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$1,137,500
Girgis Ventures LLC
Double D Leasing LLC
Grant Deed
$237,500 · Double D Leasing LLC
Apr 8, 2013
$960,000
Double D Leasing LLC
Fifth Third Bk
Grant Deed
—
Sep 5, 2012
—
Fifth Third Bk
Washbowl Of Ft Myers INC Coc
Trustees Deed
related
—
Oct 24, 2006
—
Washbowl Of Fort Myers INC
Balachanthiran,kiruddinan & Rajanbal
Warranty Deed
$1,485,480 · Fifth Third Bank
—
—
Washbowl Of Fort Myers INC
—
Deed Of Trust
related
$514,520 · Fifth Third Bank
—
—
Washbowl Of Fort Myers INC
—
Deed Of Trust
related
—
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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