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    5410 Bayshore Rd North Fort Myers, FL 33917-3057
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    Property profile & analytics

    5410 Bayshore Rd, North Fort Myers, FL 33917-3057

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    • Retail space
    • 3,000 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Jul 15, 2022
    $18,800
    Property ID
    US18-3988822
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 5410 Bayshore Rd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Zone code
    C-1A
    Property type
    Retail space
    APN
    36-43-24-01-0000A.0500
    APU
    364324010000A0500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2025 — Maria Gabriela Penton — Deed · related $326k · Everett Financial INC
    Jul 15, 2022 — Larry D Close Larry D Close Intrafamily Transfer · related —
    Feb 29, 2000 $18,800 Martin Debruyn Close,larry Grant Deed —
    — — Martin Debruyn — Deed Of Trust · related $60k · Larry & Lorinda Ciose

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8682
    Latitude
    26.6859
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,343
    $55,821
    $351,739
    $407,560
    -
    $55,821
    $351,739
    $407,560

    Comparable in this City

    • Value Estimation
      $1,660,000
      7,427 SF

      5080 Bayshore Rd

      RETAIL STORES (PERSONAL SERVICES)
      5080 Bayshore Rd, North Fort Myers, FL 33917-3090
      View Details
    • Value Estimation
      $530,000
      4,200 SF

      8100 Bayshore Rd

      RETAIL STORES (PERSONAL SERVICES)
      8100 Bayshore Rd, North Fort Myers, FL 33917-3627
      View Details
    • Value Estimation by Request
      2,400 SF

      9521 Bayshore Rd

      RETAIL STORES (PERSONAL SERVICES)
      9521 Bayshore Rd, North Fort Myers, FL 33917-3703
      View Details
    • Value Estimation by Request
      972 SF

      9670 Bayshore Rd

      RETAIL STORES (PERSONAL SERVICES)
      9670 Bayshore Rd, North Fort Myers, FL 33917-3727
      View Details
    • Value Estimation
      $1,970,000
      4,559 SF

      5500 Bayshore Rd

      RETAIL STORES (PERSONAL SERVICES)
      5500 Bayshore Rd, North Fort Myers, FL 33917-3057
      View Details
    • Value Estimation by Request
      2,155 SF

      2705 Gdn St

      RETAIL STORES (PERSONAL SERVICES)
      2705 Gdn St, North Fort Myers, FL 33917-1809
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      ALDI Grocery Store Investment Opportunity

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      NNN Leased Investment Opportunity

      NNN leased 7-Eleven with rental increases and options.
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      Neighborhood Shopping Center on Bayshore Rd

      Neighborhood shopping center with investment and owner/user opportunities.
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      2,774 SF

      Former C-Store on Slater Road

      Former Circle K on almost 1 acre of land.
      16177 Slater Rd, North Fort Myers, FL 33917
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    • $1,400,000

      Freestanding Building on Bayshore Road

      Remodeled 4,242 SF building with high visibility and ample parking.
      6350 Bayshore Rd, North Fort Myers, FL 33917
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    Similar Nearby for Lease

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      Gray Shell Retail Sublease

      Gray shell retail suite in an Aldi-anchored neighborhood center, offered for sublease in North Fort Myers.
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      Retail Units at Shoreline Shoppes

      Retail units for lease in North Fort Myers.
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    • $3,500 /Mo

      Retail Space For Rent

      Retail space available for lease in North Fort Myers.
      29 Cardinal Dr, North Fort Myers, FL 33917
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing North Fort Myers submarket.
      6694-6704 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
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    • $3,500 /Mo
      5,445 SF

      North Fort Myers Warehouse Space

      Versatile 1,700 SF industrial space for lease.
      27 Cardinal Dr, North Fort Myers, FL 33917
      View Details
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    North Fort Myers, FL 33917-3057
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    5410 Bayshore Rd, North Fort Myers, FL, 33917
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