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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Community centers
8350 Hospital Dr, Estero, FL 34135-8111
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2799550
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,988 SF
Lot
2.94 ac (128,110 SF)
Zoning code
MPD
APN
09-47-25-E3-373A3.0030
UPID
US18-2799550
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
$3.78M
CAP Approach
CAP
$4.64M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$3.78M
Owner & transaction history
Lee Health System INC · 1 yrs held
Lee Health System INC
since 2024
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
MPD · Estero, 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 Estero submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Estero 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
$3,775,000
ML approach
$3,775,000
CAP Approach
CAP Return
Estimation
6%
$5,025,000
6.5%
$4,640,000
7%
$4,305,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,245,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$5,430,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.78M (Nov 1 2024)
Last sale anchor
$3.78M
Nov 1 2024
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
$199 / 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
$666
Tax year 2023
Assessed value
$3,520,806
Assessed 2023
Previous assessed
$3,500,143
+0.6% YoY
Effective rate
0.02%
On assessed value
Assessed land
$1,489,151
Assessed improvement
$2,031,655
Land market value
$1,489,151
Improvement market value
$2,031,655
Total market value
$3,520,806
Applied tax rate
316.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
18,988 SF
Lot
2.94 ac (128,110 SF)
Zoning code
MPD
APN
09-47-25-E3-373A3.0030
UPID
US18-2799550
Jurisdiction
LEE
Zoning & alternative use
MPD · Estero, FL
Zoning MPD · permitted uses
MPD · Estero, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Estero. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
MEDICAL BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Lee Health System INC
Entity
Mailing address
4211 METRO PKWY, FORT MYERS, FL 33916-9526
Ownership since
2024
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 1, 2024
—
Lee Health System INC
Lee Memorial Health System
Deed
related
—
Jan 15, 2020
$3,775,000
Lee Memorial Health System
Shoppes At Coconut Point LLC
Warranty Deed
—
Apr 19, 2018
—
Shoppes At Coconut Point LLC
—
Deed
related
$500,000 · First Fl Integrity Bk
Apr 5, 2011
—
Bonita Springs-falls Creek Dev
—
Loan Modification
related
$2,500,000 · Fifth Third Bk/nthrn
—
—
Shoppes At Coconut Point LLC
—
Deed Of Trust
related
$500,000 · First Fl Integrity Bk
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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