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Property profile & analytics
OFF-MARKET
Distribution centers
7995 Mercantile St 1 North Fort Myers, FL 33917-2113
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6205877
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Total area
2,327 SF
Lot
0.33 ac (14,400 SF)
Zoning code
IL
APN
20-43-25-03-00001.0001
UPID
US18-6205877
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Technology At Work Of Swfl INC · 7 yrs held
Technology At Work Of Swfl INC
since 2019
4 recorded transactions
Zoning & alternative use
IL · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,686
Tax year 2023
Assessed value
$337,336
Assessed 2023
Previous assessed
$215,128
+56.8% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$337,336
Improvement market value
$337,336
Total market value
$337,336
Applied tax rate
39.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,327 SF
Lot
0.33 ac (14,400 SF)
Zoning code
IL
APN
20-43-25-03-00001.0001
UPID
US18-6205877
Jurisdiction
LEE
Zoning & alternative use
IL · North Fort Myers, FL
Zoning IL · permitted uses
IL · North Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Fort Myers. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Technology At Work Of Swfl INC
Entity
Mailing address
4992 ESPLANADE ST, BONITA SPRINGS, FL 34134-3986
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2019
$250,000
Technology At Work Of Swfl INC
John Mccarthy
Warranty Deed
$622,000 · The Huntington National Bank
Apr 14, 2006
$377,000
John Mccarthy
Vincent A Rossi
Warranty Deed
$320,000 · Fifth Third Bank
Apr 27, 2005
$203,000
Vincent A Rossi
Capital Inv Corp Of Sw Florida
Warranty Deed
—
—
—
Capital Inv Corp Of Sw Florida
—
Deed Of Trust
related
$641,000 · Old Florida 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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