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Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Warehouses
7899 Drew Cir Fort Myers, FL 33967-6014
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-9455628
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
25,176 SF
Lot
1.95 ac (85,152 SF)
Zoning code
IPD
APN
08-46-25-57-00000.0190
UPID
US18-9455628
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
-
Red Rover Moving & Storage Fort Myers Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$4.43M
Owner & transaction history
Medical Xpress Of Sw Fl INC · 13 yrs held
Medical Xpress Of Sw Fl INC
since 2012
5 recorded transactions
Zoning & alternative use
IPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.9M
+39.9%
Medical building
$6.7M
+35.8%
Retail stores
$6.6M
+33.0%
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%
$4,280,000
6.5%
$3,950,000
7%
$3,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,930,000
Current use
OFFICE BUILDING
$6,895,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$6,690,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$6,555,000
Change: +33% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,955,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±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
$176 / 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
$36,435
Tax year 2023
Assessed value
$4,537,806
Assessed 2023
Previous assessed
$2,990,841
+51.7% YoY
Effective rate
0.80%
On assessed value
Assessed land
$694,057
Assessed improvement
$3,843,749
Land market value
$694,057
Improvement market value
$3,843,749
Total market value
$4,537,806
Applied tax rate
71.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
25,176 SF
Lot
1.95 ac (85,152 SF)
Zoning code
IPD
APN
08-46-25-57-00000.0190
UPID
US18-9455628
Jurisdiction
LEE
Zoning & alternative use
IPD · Fort Myers, FL
Zoning IPD · permitted uses
IPD · 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
WAREHOUSE, STORAGE Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.95 ac
Current owner
From public records · entity-resolved
Medical Xpress Of Sw Fl INC
Entity
Mailing address
7899 DREW CIR, FORT MYERS, FL 33967-6014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2012
$1,065,000
Medical Xpress Of Sw Fl INC
Gulf Coast Bank & Trust Company
Warranty Deed
$997,300 · Wells Fargo Bank NA
Aug 9, 2012
$2,603,077
Gulf Coast Bk & Trust Co
Lee Suncoast LLP
Warranty Deed
—
Dec 12, 2005
—
Sarasota Suncoast LLP
—
Trustees Deed
related
$2,275,000 · Regions Bank
Sep 17, 2004
$361,900
Lee Suncoast LLP
Jed Of Witzel Alico Commerical Pa
Warranty Deed
$270,000 · First National Bank Florida
—
—
Lee Suncoast LLP
—
Deed Of Trust
related
$2,517,000 · Key Bank & Trust
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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