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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Warehouses
7923 Drew Cir Fort Myers, FL 33967-6005
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9643783
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
STEEL FRAME
Total area
7,975 SF
Lot
0.94 ac (40,730 SF)
Zoning code
IPD
APN
08-46-25-57-00000.0230
UPID
US18-9643783
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
-
Joe Taylor Restoration Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.61M
Owner & transaction history
7923 Drew Circle LLC · 7 yrs held
7923 Drew Circle LLC
since 2018
7 recorded transactions
Zoning & alternative use
IPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+39.9%
Medical building
$2.1M
+35.8%
Retail stores
$2.1M
+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%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,560,000
Current use
OFFICE BUILDING
$2,185,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$2,120,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$2,075,000
Change: +33% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,885,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$202 / 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
$19,353
Tax year 2023
Assessed value
$1,739,272
Assessed 2023
Previous assessed
$1,117,605
+55.6% YoY
Effective rate
1.11%
On assessed value
Assessed land
$398,242
Assessed improvement
$1,341,030
Land market value
$398,242
Improvement market value
$1,341,030
Total market value
$1,739,272
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
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
7,975 SF
Lot
0.94 ac (40,730 SF)
Zoning code
IPD
APN
08-46-25-57-00000.0230
UPID
US18-9643783
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
$1.6M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
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
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
7923 Drew Circle LLC
Entity
Mailing address
760 HAVANA DR, BOCA RATON, FL 33487-4119
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
7923 Drew Circle LLC
—
Deed
related
$760,000 · Iberiabank
Dec 21, 2018
$980,000
7923 Drew Circle LLC
7923 LLC
Warranty Deed
$784,000 · Iberiabank
Jul 10, 2018
$224,000
7923 LLC
Drew Circle LLC
Warranty Deed
—
Jan 27, 2014
$70,000
Drew Circle LLC
Mutual Of Omaha Bk
Grant Deed
—
Dec 31, 2008
—
Marco Community Bank
Clean Up By Willy INC Coc
Trustees Deed
related
—
Mar 13, 2006
$366,400
William Lopez JR.
Deerbrook INC
Warranty Deed
$450,000 · Smw Trust (tr)
May 27, 2004
$162,900
Deerbrook INC
J E D /witzel Alico Commerical
Grant Deed
$122,000 · Amsouth Bank
—
—
Clean-up By Willy INC
—
Deed Of Trust
related
$424,000 · Marco Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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