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Property profile & analytics
FOR LEASE
Office buildings
8771 College Pkwy Fort Myers, FL 33919
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1466212
For Lease
1 / 4
Contact for pricing
8771 College Pkwy, Fort Myers, FL 33919
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,293 SF
Lot
2.68 ac (116,697 SF)
Zoning code
CC
APN
15-45-24-38-00000.0090
UPID
US18-1466212
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
Current use
Occupant on record · Public records
-
Sallee Promotions, Inc. Marketing & Advertising
-
Brookdale Home Health Ft Myers Retirement Community Retirement Home
-
Best Choice Home Care Home Health Care Service
-
LGBT Community Fund of Southwest Florida Charitable Organization
-
Workscapes Commercial Furniture Dealership Fort Myers Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.94M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$3.70M
Owner & transaction history
8771 College Parkway LLC · 3 yrs held
8771 College Parkway LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
CC · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+196.4%
Restaurant
$4.5M
+151.7%
Commercial (general)
$2.6M
+45.4%
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 Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
Method
Estimation
Statistic approach
$3,695,000
ML approach
$3,940,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,055,000
7%
$1,910,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,335,000
Change: +196% · Conversion: Difficult
RESTAURANT
$4,530,000
Change: +152% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,615,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±10% · vs last sale $3.33M (Apr 6 2023)
Last sale anchor
$3.33M
Apr 6 2023
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
$507 / 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
$33,439
Tax year 2023
Assessed value
$2,801,982
Assessed 2023
Previous assessed
$1,970,311
+42.2% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,301,872
Assessed improvement
$1,500,110
Land market value
$1,301,872
Improvement market value
$1,500,110
Total market value
$2,801,982
Applied tax rate
68.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
7,293 SF
Lot
2.68 ac (116,697 SF)
Zoning code
CC
APN
15-45-24-38-00000.0090
UPID
US18-1466212
Jurisdiction
LEE
Zoning & alternative use
CC · Fort Myers, FLZoning CC · permitted uses
CC · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.3M
RESTAURANT
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.68 ac
Current owner
From public records · entity-resolved
8771 College Parkway LLC
Entity
Mailing address
525 S FLAGLER DR STE #500, WEST PALM BEACH, FL 33401-5938
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$3,325,000
8771 College Parkway LLC
South Cleveland Habana Properties L
Warranty Deed
$2,327,500 · United Community Bank
Apr 6, 2023
—
8771 College Parkway LLC
Anne Lord Tomas
Quit Claim Deed
related
—
Sep 21, 2020
$2,500,000
South Cleveland Habana Properties L
Medsup Development LLC
Warranty Deed
$1,600,000 · First Citizens Bank & Trust Co
Jan 18, 2018
—
Medsup Dev LLC
—
Deed
related
$1,199,701 · Busey Bk
Mar 31, 2003
—
Medsup Development LLC
Tomich Pass LLC
Grant Deed
related
—
Jan 2, 2003
$850,000
Tomichi Pass LLC
Roadhouse Grill INC
Grant Deed
$1,200,000 · Busey Bank
Jun 11, 1998
—
Roadhouse Grill INC
—
Deed Of Trust
related
$2,180,400 · Finova Capital Corp
Sep 16, 1997
—
Roadhouse Grill INC
—
Deed Of Trust
related
$10,902,000 · Finova Capital Corp
—
—
Medsup Developmnet LLC
—
Deed Of Trust
related
$1,470,138 · Busey Bank
—
—
Medsup Dev LLC
—
Deed Of Trust
related
$892,540 · Busey Bank
—
—
Medsup Dev LLC
—
Loan Modification
related
$729,044 · Busey Bk
—
—
Medsup Dev LLC
—
Loan Modification
related
$1,199,701 · Busey Bk
—
—
Medsup Dev LLC
—
Deed Of Trust
related
$923,604 · Busey 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.
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