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Property profile & analytics
OFF-MARKET
Distribution centers
7999 Mercantile St 19 North Fort Myers, FL 33917-2121
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0412655
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Total area
1,783 SF
Lot
0.24 ac (10,500 SF)
Zoning code
IL
APN
20-43-25-03-00003.0019
UPID
US19-0412655
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
Stephen J Palmer · 9 yrs held
Stephen J Palmer
since 2016
7 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
$2,700
Tax year 2023
Assessed value
$248,166
Assessed 2023
Previous assessed
$164,842
+50.5% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$248,166
Improvement market value
$248,166
Total market value
$248,166
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
1,783 SF
Lot
0.24 ac (10,500 SF)
Zoning code
IL
APN
20-43-25-03-00003.0019
UPID
US19-0412655
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
0.24 ac
Current owner
From public records · entity-resolved
Stephen J Palmer
Individual
Free & Clear · 9 yrs held
Mailing address
2745 1ST ST APT #504, FORT MYERS, FL 33916-1840
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Dec 1, 2016
$260,000
Stephen J Palmer
Harmony Commercial LLC
Grant Deed
—
Jan 6, 2014
$165,000
Harmony Commercial LLC
Regions Bk
Grant Deed
—
Jan 6, 2014
—
Harmony Commercial LLC
Regions Bk
Quit Claim Deed
related
—
Nov 20, 2013
—
Regions Bk
Macan Real Estate Holdings INC
Trustees Deed
related
—
Feb 21, 2013
$403,463
Regions Bk
Macan Real Estate Holdings INC
Deed In Lieu Of Foreclosure
related
—
Oct 18, 2006
—
Macan Real Estate Holdings INC
Genter Trust
Grant Deed
related
—
Mar 23, 2006
$590,000
Macan Real Estate Holdings
Genter Trust
Warranty Deed
$472,000 · Regions Bank
May 20, 2005
$307,500
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
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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