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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Flex space
5590 Zip Dr Fort Myers, FL 33905-5027
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0309671
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2018
Construction
STEEL FRAME
Total area
10,556 SF
Lot
0.99 ac (43,214 SF)
Zoning code
IPD
APN
10-44-25-10-00000.1440
UPID
US18-0309671
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
$1.03M
Owner & transaction history
5590 Zip Drive LLC · 10 yrs held
5590 Zip Drive LLC
since 2015
7 recorded transactions
Zoning & alternative use
IPD · 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / 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
$10,503
Tax year 2023
Assessed value
$778,359
Assessed 2023
Previous assessed
$857,360
-9.2% YoY
Effective rate
1.35%
On assessed value
Assessed land
$130,695
Assessed improvement
$647,664
Land market value
$130,695
Improvement market value
$647,664
Total market value
$778,359
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
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
10,556 SF
Lot
0.99 ac (43,214 SF)
Zoning code
IPD
APN
10-44-25-10-00000.1440
UPID
US18-0309671
Jurisdiction
LEE
Zoning & alternative use
IPD · Fort Myers, FL
Zoning IPD · permitted uses
IPD · 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.
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
5590 Zip Drive LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1148 LORRAINE CT, CAPE CORAL, FL 33904-5938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Sep 1, 2016
—
5590 Zip Drive LLC
—
Trustees Deed
related
$375,600 · First Citizens Bk
Oct 23, 2015
—
5590 Zip Drive LLC
Mitchell,danny & Margie
Warranty Deed
—
Jul 17, 2014
$86,400
Danny Mitchell
Branch Bkng & Trust Co
Grant Deed
—
Jan 14, 2014
$100
Branch Bkng & Trust Co
Mzdr LLC Coc
Trustees Deed
related
—
Sep 4, 2007
$315,000
Mzdr LLC
Castle Harbor Construction INC
Warranty Deed
$215,000 · Colonial Bank NA
Apr 7, 2005
$200,000
Castle Harbor Construction INC
Mzdr LLC
Warranty Deed
$100,000 · Fifth Third Bank
Jun 23, 2004
$127,000
Mzdr LLC
Joey C INC
Warranty Deed
$101,600 · Fifth Third Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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