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    Property profile & analytics

    7970 Supply Dr Fort Myers, FL 33912-5922

    • Office buildings
    • 2,924 SF
    • 4.05 lot acres
    OFF-MARKET
    Last Sale
    Jun 22, 2023
    $1,750,000
    Value Estimations
    $1,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2827862
    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

    • Taylor & Crowe Battery Co / Auto Parts Store
    • South Florida Gas Co Inc / Propane Supplier

    Property Details for 7970 Supply Dr

    Year built
    2017
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.05 lot acres
    Property size
    2,924 SF
    Zone code
    IG
    Property type
    Office buildings
    APN
    05-46-25-00-01000.5050
    APU
    5462500010005050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,565,000
      Current use
      AUTO REPAIR, GARAGE
      $2,140,000
      Change: +36% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,470,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8224
    Latitude
    26.494
    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
    $32,667
    $3,525,640
    $572,022
    $4,097,662
    -
    $3,525,640
    $572,022
    $4,097,662

    Comparable in this City

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      8,000 SF

      14701 Ben C 6th Mile Cypress Pkwy

      OFFICE BUILDING (MULTI-STORY) • 8,000 SF
      14701 Ben C 6th Mile Cypress Pkwy, Fort Myers, FL 33912-4401
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    • Value Estimation
      $905,000
      1,664 SF

      16790 Gator Rd

      OFFICE BUILDING (MULTI-STORY) • 1,664 SF
      16790 Gator Rd, Fort Myers, FL 33912-5926
      View Details
    • Value Estimation
      $2,365,000
      9,750 SF

      14311 Metropolis Ave

      OFFICE BUILDING (MULTI-STORY) • 9,750 SF
      14311 Metropolis Ave, Fort Myers, FL 33912-4442
      View Details
    • Value Estimation
      $1,265,000
      5,403 SF

      14440 Metropolis Ave

      OFFICE BUILDING (MULTI-STORY) • 5,403 SF
      14440 Metropolis Ave, Fort Myers, FL 33912-4364
      View Details
    • Value Estimation by Request
      915 SF

      8981 Daniels Ctr Dr Ste, Unit 201

      OFFICE BUILDING • 915 SF
      8981 Daniels Ctr Dr Ste, Fort Myers, FL 33912-0307
      View Details
    • Value Estimation by Request
      1,200 SF

      8981 Daniels Ctr Dr Ste, Unit 203

      OFFICE BUILDING • 1,200 SF
      8981 Daniels Ctr Dr Ste, Fort Myers, FL 33912-0307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.17 Acres

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      Centrally located office/medical park with immediate occupancy and ample parking.
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      Lee Road Office Condo For Sale

      Office condo for sale, 2,500 SF, Lee Road location.
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      Class B Office Condo Units

      Two Class B office condo units for sale in Fort Myers.
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    • 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
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    • New
      $684,140
      1,545 SF

      New Retail Units in Fort Myers

      Modern retail units in a high-growth area with excellent visibility.
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      Modern retail units in high-growth area near I-75.
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    Similar Nearby for Lease

    • $18 SF/Yr
      8,000 SF

      Turn-Key Class A Office Space

      Move-in ready, partially furnished office space for administrative, professional, or medical use.
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      10,890 SF

      Renovated Office Space Near Hospital

      Move-in ready medical/business office space near Gulf Coast Hospital.
      14090 Metropolis Ave, Fort Myers, FL 33912
      View Details
    • $15,000 /Mo
      46,914 SF

      Versatile Fort Myers Commercial Space

      C-1 zoned property ideal for various commercial uses.
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      View Details
    • Contact for pricing
      117,873 SF

      Office Space in Fort Myers

      Office space with easy access and included CAM.
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    • $35 SF/Yr

      New Retail Space in Fort Myers

      Modern retail units in a high-growth area with excellent accessibility.
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      View Details
    • Contact for pricing
      910 SF

      Fort Myers Office Space Available

      910 SF office space for rent in Fort Myers.
      8971 Daniels Center Dr, Fort Myers, FL 33912
      View Details
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    7970 Supply Dr
    Fort Myers, FL 33912-5922
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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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