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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7050 Pennsylvania St Fort Myers, FL 33912-5904

    • Warehouses
    • 4,100 SF
    • 2.50 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2021
    $787,500
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    3.1%
    Warehouses
    Location Intelligence
    Property ID
    US18-1346170
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lamberts / Industrial Manufacturer / Production Facility
    • Extreme Disposal, Inc. / Waste Management Facility / Hazardous Waste Disposal

    Property Details for 7050 Pennsylvania St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    2.50 lot acres
    Property size
    4,100 SF
    Zone code
    AG-2
    Property type
    Warehouses
    APN
    05-46-25-00-00004.0020
    APU
    5462500000040020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $695,000
      6.5%
      $645,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $763,000
      Market price range: $140k - $764k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8346
    Latitude
    26.4967
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,944
    $1,802,251
    $935,982
    $2,738,233
    -
    $1,802,251
    $935,982
    $2,738,233

    Comparable in this City

    • Value Estimation by Request
      1,480 SF

      8821 Business Park Dr

      Distribution properties • 1,480 SF
      8821 Business Park Dr, Fort Myers, FL 33912
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    • Value Estimation by Request
      20.00 Acres

      16101 3 Oaks Pkwy

      Medical offices • 300,000 SF
      16101 3 Oaks Pkwy, Fort Myers, FL 33912
      View Details
    • Value Estimation by Request
      294,011 SF

      16120 Lee Rd

      Distribution properties • 294,011 SF
      16120 Lee Rd, Fort Myers, FL 33912
      View Details
    • Value Estimation
      $925,000
      10,000 SF

      2214 Andrea Ln

      WAREHOUSE, STORAGE • 10,000 SF
      2214 Andrea Ln, Fort Myers, FL 33912-1905
      View Details
    • Value Estimation by Request
      3,939 SF

      2275 Bruner Ln

      WAREHOUSE, STORAGE • 3,939 SF
      2275 Bruner Ln, Fort Myers, FL 33912-1972
      View Details
    • Value Estimation
      $1,415,000
      12,981 SF

      2200 Bruner Ln

      WAREHOUSE, STORAGE • 12,981 SF
      2200 Bruner Ln, Fort Myers, FL 33912-2041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,192 SF

      Warehouse and Office Space Available

      27,000± SF warehouse and office space near U.S. 41.
      2129 Andrea Ln, Fort Myers, FL 33912
      View Details
    • $12,500,000
      20.00 Acres

      Three Oaks Gateway: Prime FL Investment

      20-acre industrial campus, 300,000 SF
      16101 3 Oaks Pkwy, Fort Myers, FL 33912
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    • $640,000
      2,000 SF

      Flex Condo with Mezzanine Storage

      2,000 SF flex condo available for sale or lease.
      8801 Business Park Dr, Fort Myers, FL 33912
      View Details
    • New
      $3,450,000
      19,800 SF

      Versatile Commercial Building For Sale

      C-1 zoned property ideal for various commercial uses.
      2130 Andrea Ln, Fort Myers, FL 33912
      View Details
    • $590,000
      2,000 SF

      Lee Road Flex Space Investment

      Fort Myers flex space: Buy or lease.
      16101 Lee Rd, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      1.60 Acres

      Fort Myers Industrial Land Investment

      12 Units, 1.6 Acres, IPD Zoning
      7251 Alico Rd, Fort Myers, FL 33912
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo
      46,914 SF

      Versatile Fort Myers Commercial Space

      C-1 zoned property ideal for various commercial uses.
      2130 Andrea Ln, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      216,000 SF

      Alico Logistics Center: Prime Space Available

      Modern Warehouse, Lee County, FL
      16351 Lee Rd, Fort Myers, FL 33912
      View Details
    • $18 SF/Yr
      104,000 SF

      Lee Rd Flex Suites: Fort Myers

      Class A flex space, 104,000 sqft
      16101 Lee Rd, Fort Myers, FL 33912
      View Details
    • $20 SF/Yr
      20,150 SF

      I-75 Frontage Flex Space

      Flex space with excellent I-75 frontage available for lease.
      14261 Jetport Loop West, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      442,000 SF

      Oriole Logistics Center Industrial Park

      Three-building industrial park with build-to-suit opportunity.
      16671 Oriole Rd, Fort Myers, FL 33912
      View Details
    • $16 SF/Yr
      58,300 SF

      Warehouse Space Available For Sublease

      Up to 4,500 SF of warehouse space for sublease.
      16311 Domestic Ave, Fort Myers, FL 33912
      View Details
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    7050 Pennsylvania St
    Fort Myers, FL 33912-5904
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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