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Property profile & analytics
OFF-MARKET
Office buildings
5099 Bayline Dr North Fort Myers, FL 33917-3002
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-1392766
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
720 SF
Lot
0.37 ac (16,230 SF)
Zoning code
C-1
APN
36-43-24-02-00022.0310
UPID
US18-1392766
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steven Loffreno · 2 yrs held
Steven Loffreno
since 2024
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
C-1 · North Fort Myers, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,976
Tax year 2023
Assessed value
$141,733
Assessed 2023
Previous assessed
$141,733
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$46,393
Assessed improvement
$95,340
Land market value
$46,393
Improvement market value
$95,340
Total market value
$141,733
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
720 SF
Lot
0.37 ac (16,230 SF)
Zoning code
C-1
APN
36-43-24-02-00022.0310
UPID
US18-1392766
Jurisdiction
LEE
Zoning & alternative use
C-1 · North Fort Myers, FL
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Steven Loffreno
Individual
Free & Clear · 2 yrs held
Mailing address
2037 CLB HOUSE RD, NORTH FORT MYERS, FL 33917-2519
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$200,000
Steven Loffreno
Bayline Investments LLC
Warranty Deed
—
Sep 16, 2022
—
Bayline Investments LLC
—
Deed
related
$125,000 · Steven P Loffreno
Jul 20, 2021
—
Bayline Investments LLC
Ram Dularie Persaud
Warranty Deed
—
Jun 15, 2021
—
Bayline Investments LLC
Ramdularie Persaud
Warranty Deed
—
May 20, 2014
—
Ramdularie Persaud
Persaud,david & Lalchand
Quit Claim Deed
related
—
Sep 24, 2002
$150,000
David Persaud
J B Bayline Investment Corp
Grant Deed
$75,000 · J B Bayline Investment Corp
Feb 15, 2001
$95,000
J B Bayline Investment Corp
Ruck,philip D & Beverly J
Grant Deed
$55,000 · Seller
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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