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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Flex space
5691 Halifax Ave Fort Myers, FL 33912-4412
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2445152
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,290 SF
Lot
1 ac (43,680 SF)
Zoning code
IL
APN
25-45-24-02-0000C.0090
UPID
US18-2445152
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
-
Florida Wood Window and Door, Inc Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.67M
Owner & transaction history
Shannon 5691 LLC · 7 yrs held
Shannon 5691 LLC
since 2018
7 recorded transactions
Zoning & alternative use
IL · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,785,000
6.5%
$2,570,000
7%
$2,385,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,445,000
Current use
MEDICAL BUILDING
$4,860,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$4,760,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10%
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
$200 / 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
$27,614
Tax year 2023
Assessed value
$2,497,324
Assessed 2023
Previous assessed
$1,506,125
+65.8% YoY
Effective rate
1.11%
On assessed value
Assessed land
$873,600
Assessed improvement
$1,623,724
Land market value
$873,600
Improvement market value
$1,623,724
Total market value
$2,497,324
Applied tax rate
47.0000
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
18,290 SF
Lot
1 ac (43,680 SF)
Zoning code
IL
APN
25-45-24-02-0000C.0090
UPID
US18-2445152
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
$5.4M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Shannon 5691 LLC
Entity
Mailing address
5691 HALIFAX AVE, FORT MYERS, FL 33912-4412
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2019
—
Shannon 5691 LLC
—
Deed
related
$1,696,000 · Lake Mi Cu
Jul 18, 2018
$275,000
Shannon 5691 LLC
F9 Properties LLC
Warranty Deed
—
Aug 10, 2010
$169,750
Ano LLC
5691 Halifax Ave LLC
Warranty Deed
—
Jul 8, 2009
—
5691 Halifax Ave LLC
Ciano,paul J
Quit Claim Deed
related
—
Jan 14, 2008
—
Paul J Ciano
Ciano,paul J & Beverly J
Quit Claim Deed
related
—
Aug 30, 2004
$250,000
Paul Ciano
Harper,daniel S
Warranty Deed
—
Dec 10, 1999
$79,700
Daniel S Harper
Mcnew,quinton B & Beverly H
Grant Deed
—
Dec 10, 1999
$4,100
Harper,daniel S
Cooper,danah R
Trustees Deed
—
Dec 10, 1999
$33,200
Harper,daniel S
Thompson,sharon H
Trustees Deed
—
Dec 10, 1999
$10,500
Harper,daniel S
Mcnew,quinton B
Trustees Deed
—
Dec 10, 1999
$31,800
Harper,daniel S
Harper Trust
Trustees Deed
related
—
—
—
Shannon 5691 LLC
—
Deed Of Trust
related
$1,696,000 · Lake Mi Cu
—
—
5691 Halifax Ave LLC
—
Deed Of Trust
related
$1,000,000 · Encore Bank
—
—
5691 Halifax Ave LLC
—
Deed Of Trust
related
$250,000 · Ciano's Tile & Marble INC
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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