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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8720 Alico Rd Fort Myers, FL 33912-5100

    • Industrial properties
    • 5,652 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2022
    $1,800,000
    Value Estimations
    $1,840,000
    Show details
    Cap Rate Potential
    2.7%
    Industrial properties
    Location Intelligence
    Property ID
    US18-4900582
    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

    • Custom Grounds / Landscaper
    • Fiddly Diddly Hand Crafted Instruments & Cabinets / Music Producer / Music Store
    • 🍃 Eden Landscaping And Lawn Care / Landscaper / Fence Contractor
    • Devoted Restoration / Plumber / Air Duct Cleaning Service
    • Moen Brothers Plumbing & Drain LLC / Plumber

    Property Details for 8720 Alico Rd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Property size
    5,652 SF
    Zone code
    C-1A
    Property type
    Industrial properties
    APN
    09-46-25-06-00203.0010
    APU
    9462506002030010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,915,000
      ML approach
      $1,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,251,000
      Market price range: $758k - $2.62M
      AI Estimate
      $1,280,000
      Market price range: $256k - $1.36M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,685,000
      Current use
      OFFICE BUILDING
      $3,030,000
      Change: +80% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,840,000
      Change: +69% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,030,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $1,500,000
      Change: -11% Conversion: Difficult
      RETAIL STORES
      $1,470,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8105
    Latitude
    26.4924
    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
    $11,236
    $180,634
    $602,585
    $783,219
    -
    $180,634
    $602,585
    $783,219

    Comparable in this City

    • Value Estimation by Request
      1.88 Acres

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      16221 Lee Rd

      Self storage facilities • 1,250 SF
      16221 Lee Rd, Fort Myers, FL 33912
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      Land • 3.50 Acres
      16900-16940 Gator Rd, Fort Myers, FL 33912
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    • Value Estimation
      $9,060,000
      42,399 SF

      13881 Plantation Rd

      INDUSTRIAL (GENERAL) • 42,399 SF
      13881 Plantation Rd, Fort Myers, FL 33912-4339
      View Details
    • Value Estimation by Request
      30,000 SF

      16270 Old Us 41

      Distribution properties • 30,000 SF
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    • Value Estimation by Request
      18,750 SF

      8831 Business Park Dr

      Flex space • 18,750 SF
      8831 Business Park Dr, Fort Myers, FL 33912
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    Similar Nearby for Sale

    • Contact for pricing
      1.60 Acres

      Fort Myers Industrial Land Investment

      12 Units, 1.6 Acres, IPD Zoning
      7251 Alico Rd, Fort Myers, FL 33912
      View Details
    • $7,114,515
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      Fort Myers Industrial Property

      24,117 SF Vacant Industrial/Retail Land
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    • $590,000
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      Fort Myers flex space: Buy or lease.
      16101 Lee Rd, Fort Myers, FL 33912
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    • $12,500,000
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      Three Oaks Gateway: Prime FL Investment

      20-acre industrial campus, 300,000 SF
      16101 3 Oaks Pkwy, Fort Myers, FL 33912
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    • Contact for pricing
      1.88 Acres

      Alico Trade Center Land - Fort Myers

      1.88-acre industrial land, build-to-suit available.
      9001 Alico Trade Ctr Rd, Fort Myers, FL 33912
      View Details
    • $399,995
      1,250 SF

      Meridian Flex Suite: Fort Myers

      1,250 sq ft Flex Space, $399,995
      16221 Lee Rd, Fort Myers, FL 33912
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    Similar Nearby for Lease

    • $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
      216,000 SF

      Alico Logistics Center: Prime Space Available

      Modern Warehouse, Lee County, FL
      16351 Lee Rd, Fort Myers, FL 33912
      View Details
    • $18 SF/Yr
      104,000 SF

      Lee Rd Flex Suites: Fort Myers

      Class A flex space, 104,000 sqft
      16101 Lee Rd, Fort Myers, FL 33912
      View Details
    • $20 SF/Yr
      20,150 SF

      I-75 Frontage Flex Space

      Flex space with excellent I-75 frontage available for lease.
      14261 Jetport Loop West, Fort Myers, FL 33912
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    • $18 SF/Yr
      294,011 SF

      Gulf Coast Industrial Campus Warehouses

      Fort Myers Industrial Space Available
      16120 Lee Rd, Fort Myers, FL 33912
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    • $2,300 /Mo
      9,000 SF

      Industrial Flex Unit For Lease

      1,500 SF industrial flex unit available for lease.
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      View Details
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    8720 Alico Rd
    Fort Myers, FL 33912-5100
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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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