Entity Owned 
For Lease
1 / 12
$3,345,000
5660 Bayshore Rd, North Fort Myers, FL 33917
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Property summary
AI-generated overview
The property is a grocery retail facility with a building area of 46,320 square feet that was historically operated as a Winn-Dixie store and is configured for conversion to an ALDI grocery format. It is part of a long-term retail tenancy structure with approximately 15.5 years remaining at the time referenced, supported by a corporate guaranty. The site is located along Bayshore Road and has access to a high-volume traffic corridor, with traffic measured at over 43,000 vehicles per day. The immediate surrounding area includes an estimated 104,921 residents within a five-mile radius, with household counts projected to increase by more than 11% by 2028.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
STEEL FRAME
Total area
27,680 SF
Lot
6.02 ac (262,362 SF)
Zoning code
C-1A
APN
36-43-24-00-00013.0080
UPID
US18-5270496
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$3.35M
Owner & transaction history
since 2005
4 recorded transactions
Zoning & alternative use
C-1A · North Fort Myers, FL
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.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.35M
Value range
$3.01M – $3.68M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$3.01M
blend $3.35M
$3.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,680 SF
Lot area
6.02 ac
Year built
1984
Stories
1
APN
36-43-24-00-00013.0080
Zoning
C-1A
Assessed value
$4,451,800
Annual tax
$64,789
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
$4.45M
Range $4.02M – $10.73M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 133 sales
$342
-65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
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
from $99/month
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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$4.45M
Move the market yield to see immediate price impact.
Value / SF
$161
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%
$280k
$5.61M
$4.01M
$3.12M
$312k
$6.23M
$4.45M
$3.46M
$343k
$6.86M
$4.90M
$3.81M
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
$64,789
Tax year 2023
Assessed value
$4,451,800
Assessed 2023
Previous assessed
$4,535,186
-1.8% YoY
Effective rate
1.46%
On assessed value
Assessed land
$800,939
Assessed improvement
$3,650,861
Land market value
$800,939
Improvement market value
$3,650,861
Total market value
$4,451,800
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
27,680 SF
Lot
6.02 ac (262,362 SF)
Zoning code
C-1A
APN
36-43-24-00-00013.0080
UPID
US18-5270496
Jurisdiction
LEE
Zoning & alternative use
C-1A · North Fort Myers, FLZoning C-1A · permitted uses
C-1A · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
6.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1A
Jurisdiction
North Fort Myers, FL
Recorded code
C-1A
Ownership Intelligence
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Ownership report
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.
They do not confirm beneficial ownership or intent to transact.
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