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    7521 Aluminum Rd North Fort Myers, FL 33903
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    7521 Aluminum Rd North Fort Myers, FL 33903

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    • Industrial properties
    • 5,400 SF
    • 0.63 lot acres
    For Sale
    $1,350,000
    View Listing →
    Multi-Bay Industrial Investment Opportunity For Sale
    $1,350,000
    0.63 Acres

    Multi-Bay Industrial Investment Opportunity

    Five-bay industrial warehouse in North Fort Myers with income streams.

    7521 Aluminum Road, North Fort Myers, FL 33903
    View Listing
    Property ID
    US18-2711398
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 7521 Aluminum Rd

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property size
    5,400 SF
    Zone code
    C-2
    Property type
    Industrial properties
    APN
    27-43-24-00-00023.9030
    APU
    27432400000239030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $820,000
      6.5%
      $760,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $425,000
      Market price range: $180k - $835k

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

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8958
    Latitude
    26.7002
    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
    $5,986
    $140,468
    $364,597
    $505,065
    -
    $140,468
    $364,597
    $505,065

    Comparable in this City

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      $1,245,000
      8,461 SF

      3351 Marinatown Ln

      INDUSTRIAL (GENERAL) • 8,461 SF
      3351 Marinatown Ln, North Fort Myers, FL 33903-7066
      View Details
    • Value Estimation
      $915,000
      8,004 SF

      16051 Pinto Dr

      INDUSTRIAL (GENERAL) • 8,004 SF
      16051 Pinto Dr, North Fort Myers, FL 33903-2200
      View Details
    • Value Estimation
      $1,565,000
      16,540 SF

      1903 Tamiami Trl

      INDUSTRIAL (GENERAL) • 16,540 SF
      1903 Tamiami Trl, North Fort Myers, FL 33903-2859
      View Details
    • Value Estimation by Request
      57,600 SF

      8413 Littleton Rd

      Distribution properties • 57,600 SF
      8413 Littleton Rd, North Fort Myers, FL 33903
      View Details
    • Value Estimation
      $1,890,000
      11,600 SF

      8330 Littleton Rd

      MINI-WAREHOUSE, STORAGE • 11,600 SF
      8330 Littleton Rd, North Fort Myers, FL 33903-2223
      View Details
    • Value Estimation
      $825,000
      6,235 SF

      190 Evergreen Rd

      WAREHOUSE, STORAGE • 6,235 SF
      190 Evergreen Rd, North Fort Myers, FL 33903-3857
      View Details

    Similar Nearby for Sale

    • $18,000,000
      123,718 SF

      Flexible Storage Space Available

      Indoor/outdoor storage space for lease with flexible terms.
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      View Details
    • $2,200,000

      North Fort Myers Commercial Property

      Versatile 5,850 sq ft property on 0.61 acres.
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    • $1,350,000
      Pending

      Multi-Bay Industrial Investment Opportunity

      Five-bay industrial warehouse in North Fort Myers with income streams.
      7521 Aluminum Rd, North Fort Myers, FL 33903
      View Details
    • New
      $2,200,000
      5,850 SF

      North Fort Myers Commercial Opportunity

      Versatile commercial property with high visibility and multiple uses.
      236 Pondella Rd, North Fort Myers, FL 33903
      View Details
    • $4,250,000
      Pending

      Industrial Space on 8.35 Acres

      31,000 sq ft industrial space perfect for outdoor storage.
      1327 River Rd, North Fort Myers, FL 33903
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Secure, Accessible Industrial Property

      Ready-to-use industrial property with advanced security and accessibility features.
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      View Details
    • $14 SF/Yr
      7,792 SF

      North Fort Myers Warehouse Space

      Versatile unit with office, warehouse, and loading dock.
      19751 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • Contact for pricing
      15,192 SF

      Freestanding Commercial Building on US 41

      15,192 SF commercial building on 2.23 acres in North Fort Myers.
      1750 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • $1,550 /Mo
      4,134 SF

      Well-Maintained Office Suite For Rent

      Office suite with private offices and shared conference room.
      3403 Hancock Bridge Pkwy, North Fort Myers, FL 33903
      View Details
    • $47,400
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      Retail Space on Piney Road

      Retail space available for rent on Piney Road.
      1254 Piney Rd, North Fort Myers, FL 33903
      View Details
    • New
      $500 /Mo
      21,257 SF

      North Fort Myers Commercial Opportunity

      Commercial spaces for rent with high-visibility frontage.
      583 Pondella Rd, North Fort Myers, FL 33903
      View Details
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    North Fort Myers, FL 33903
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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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