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Property profile & analytics
OFF-MARKET
Estimated value
$5,055,000
Flex space
5570 Enterprise Pkwy Fort Myers, FL 33905-5022
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9065318
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
STEEL FRAME
Total area
26,801 SF
Lot
3.22 ac (140,418 SF)
Zoning code
IL
APN
10-44-25-05-00000.0860
UPID
US18-9065318
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
-
Elevate Home Services Hardware & Home Improvement HVAC Service
-
Island Roofing & Sheet Metal Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.23M
CAP Approach
CAP
$3.77M
Comparable Approach
Comparable
$4.84M
Blend (final)
Blend
$5.06M
Owner & transaction history
Rae Light Laah · 3 yrs held
Rae Light Laah
since 2022
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
IL · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.3M
+40.6%
Medical building
$7.1M
+36.5%
Retail stores
$7.0M
+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
$5,280,000
ML approach
$5,225,000
CAP Approach
CAP Return
Estimation
6%
$4,080,000
6.5%
$3,765,000
7%
$3,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,220,000
Current use
OFFICE BUILDING
$7,340,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$7,125,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$6,980,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,640,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$5.06M
Range $4.55M – $5.56M · ±10% · vs last sale $4.96M (Oct 6 2022)
Last sale anchor
$4.96M
Oct 6 2022
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
$189 / 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
$32,358
Tax year 2023
Assessed value
$2,079,659
Assessed 2023
Previous assessed
$1,986,475
+4.7% YoY
Effective rate
1.56%
On assessed value
Assessed land
$406,138
Assessed improvement
$1,673,521
Land market value
$406,138
Improvement market value
$1,673,521
Total market value
$2,079,659
Applied tax rate
144.0000
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
26,801 SF
Lot
3.22 ac (140,418 SF)
Zoning code
IL
APN
10-44-25-05-00000.0860
UPID
US18-9065318
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
$5.2M
OFFICE BUILDING
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.6M
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
3.22 ac
Current owner
From public records · entity-resolved
Rae Light Laah
Individual
Mailing address
104 S WYNSTONE PARK DR, NORTH BARRINGTON, IL 60010-6967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$4,962,000
Rae Light Laah
Interface Collaborative Group LLC
Warranty Deed
—
May 9, 2022
—
Interface Collaborative Group LLC
—
Deed
related
$600,000 · First Foundation Bank
Apr 27, 2022
—
Interface Collaborative Group LLC
—
Deed
related
$600,000 · First Foundation Bank
Jul 9, 2021
$2,800,000
Interface Collaborative Group LLC
Eleanor J Fox
Warranty Deed
$1,960,000 · First Florida Integrity Bank
Jul 14, 1993
—
Eleanor J Etal Fox
Fox,edward L
Quit Claim Deed
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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