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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Drug stores
6370 Bayshore Rd North Fort Myers, FL 33917-3137
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6324511
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,429 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CPD
APN
30-43-25-00-00030.0040
UPID
US18-6324511
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
$4.40M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.83M
Owner & transaction history
Walgreen Co · 2 yrs held
Walgreen Co
since 2023
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
CPD · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+37.8%
Office building
$4.5M
+5.2%
Medical building
$4.4M
+2.1%
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$4,095,000
ML approach
$4,395,000
CAP Approach
CAP Return
Estimation
6%
$3,590,000
6.5%
$3,315,000
7%
$3,080,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,280,000
Current use
COMMERCIAL (GENERAL)
$5,895,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$4,500,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$4,365,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,885,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±10% · vs last sale $3.77M (Sep 13 2023)
Last sale anchor
$3.77M
Sep 13 2023
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
$233 / 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
$46,270
Tax year 2023
Assessed value
$4,947,985
Assessed 2023
Previous assessed
$4,898,957
+1.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$2,441,316
Assessed improvement
$2,506,669
Land market value
$2,441,316
Improvement market value
$2,506,669
Total market value
$4,947,985
Applied tax rate
39.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
16,429 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CPD
APN
30-43-25-00-00030.0040
UPID
US18-6324511
Jurisdiction
LEE
Zoning & alternative use
CPD · North Fort Myers, FLZoning CPD · permitted uses
CPD · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$5.9M
OFFICE BUILDING
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Walgreen Co
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 178, PRATTSVILLE, NY 12468-0178
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
—
Walgreen Co
Ommy North Fort Myers LLC
Lease
—
Sep 13, 2023
$3,767,500
Ommy North Fort Myers LLC
Walgreen Co
Special Warranty Deed
—
Nov 21, 2007
$4,265,000
Walgreen Co
Palm Coast Parkway Lc
Grant Deed
—
Jun 5, 2006
$14,300
Palm Coast Parkway Lc
Bayshore Corner Associates LLC
Quit Claim Deed
related
—
May 18, 2006
$1,200,000
Palm Coast Parkway Lc
Bayshore Corner Associates LLC
Warranty Deed
$3,838,500 · Bank Of America
—
—
Palm Coast Parkway Lc
—
Deed Of Trust
related
$76,500 · Bank Of America
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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