Entity Owned Property summary
AI-generated overview
This exceptional retail opportunity is located at 525 Pine Island Rd, North Fort Myers, FL 33903, in Lee County. The property, a multi-tenant strip center, offers six available spaces, ideal for a variety of retail businesses. Each space boasts a minimum divisible square footage of 1,200 square feet, with a maximum contiguous space of 5,000 square feet, providing flexibility for businesses of varying sizes. The property's strategic location in North Fort Myers ensures high visibility and accessibility for customers. Its proximity to a Walmart Plaza further enhances its appeal, drawing significant foot traffic and providing a strong anchor tenant for the area. This presents a unique chance to establish or expand a retail presence in a thriving community. The property is classified as a retail strip center, offering a convenient and attractive shopping experience. The address is easily accessible, providing excellent visibility and convenient access for customers. This is a prime location for businesses seeking high visibility and a strong customer base. The flexible space options cater to a wide range of retail needs, making it an attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,910 SF
Lot
9.4 ac (409,521 SF)
Zoning code
CPD
APN
03-44-24-02-00000.0130
UPID
US18-4768791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Alternative Medicine Practice Spa & Massage Center
-
Mobile Phone Store Electronics & Wireless Store
-
Atm Crypto Atm
-
Barber Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.04M
Blend (final)
Blend
$8.06M
Owner & transaction history
since 2020
6 recorded transactions
Zoning & alternative use
CPD · North Fort Myers, FL
Top alternative use upside
Commercial (general)
$9.3M
+51.8%
Office building
$7.1M
+15.8%
Medical building
$6.9M
+12.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.06M
Value range
$7.25M – $8.86M
±10% around blend
Estimated value / SF
$311 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$7.25M
blend $8.06M
$8.86M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
25,910 SF
Lot area
9.4 ac
Year built
2002
Stories
1
APN
03-44-24-02-00000.0130
Zoning
CPD
Assessed value
$10,799,089
Annual tax
$140,896
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$10.04M
Range $3.76M – $10.04M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 55 sales
$236
+31%
County 133 sales
$342
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $311/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+52%
vs current-use indication
Office Building
Medical Building
Retail Stores
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.80M
Move the market yield to see immediate price impact.
Value / SF
$417
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$680k
$13.61M
$9.72M
$7.56M
$756k
$15.12M
$10.80M
$8.40M
$832k
$16.63M
$11.88M
$9.24M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$140,896
Tax year 2023
Assessed value
$10,799,089
Assessed 2023
Previous assessed
$11,244,129
-4.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,605,095
Assessed improvement
$7,193,994
Land market value
$3,605,095
Improvement market value
$7,193,994
Total market value
$10,799,089
Applied tax rate
39.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
25,910 SF
Lot
9.4 ac (409,521 SF)
Zoning code
CPD
APN
03-44-24-02-00000.0130
UPID
US18-4768791
Jurisdiction
LEE
Zoning & alternative use
CPD · North Fort Myers, FLZoning CPD · permitted uses
CPD · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
9.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CPD
Jurisdiction
North Fort Myers, FL
Recorded code
CPD
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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