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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Distribution centers
8831 Business Park Dr Ste 306, Fort Myers, FL 33912-2510
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2983814
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Total area
1,480 SF
Lot
0.03 ac (1,444 SF)
APN
04-46-25-06-00003.0306
UPID
US18-2983814
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
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Kylar LLC · 2 yrs held
Kylar LLC
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
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 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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Apr 16 2024)
Last sale anchor
$5.00M
Apr 16 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
$3,378 / 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
$2,782
Tax year 2023
Assessed value
$201,658
Assessed 2023
Previous assessed
$201,658
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed improvement
$201,658
Improvement market value
$201,658
Total market value
$201,658
Applied tax rate
71.0000
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
2008
Heating
NONE
Stories
1
Bathrooms
2
Total area
1,480 SF
Lot
0.03 ac (1,444 SF)
APN
04-46-25-06-00003.0306
UPID
US18-2983814
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Kylar LLC
Entity
Mailing address
16952 FAIRGROVE WAY, NAPLES, FL 34110-3217
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
$5,000,000
Kylar LLC
Lee Road Enterprise LLC
Warranty Deed
$2,000,000 · Lee Road Enterprise LLC
Sep 29, 2020
—
Justus Holdings LLC
Road Business Pa Coc Alico
Foreclosure
related
—
Apr 22, 2019
—
Alico Road Business Park LP
—
Loan Modification
related
$1,808,000 · Montgomery Bk
Jan 24, 2019
—
Alico Road Business Park LP
—
Loan Modification
related
$1,750,000 · Montgomery Bk
Feb 1, 2018
—
Alico Road Business Park LP
—
Loan Modification
related
$5,096,993 · Montgomery Bk
Oct 24, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$5,468,568 · Montgomery Bk
Jul 21, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$5,468,568 · Montgomery Bk
Jul 18, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$2,565,531 · Montgomery Bk
May 10, 2017
$40,100
Montgomery Bk NA
Alico Road Busn Park Coc
Trustees Deed
related
—
Apr 18, 2017
—
Alico Road Business Park LP
—
Loan Modification
related
$2,521,288 · Montgomery Bk
Jan 13, 2017
—
Alico Road Business Park LP
—
Deed
related
$2,490,029 · Montgomery Bk
Oct 10, 2016
—
Alico Road Business Park LP
—
Deed
related
$6,968,568 · Montgomery Bk
Dec 5, 2005
$10,172,700
Alico Road Business Park LP
Owner Name Unavailable
Grant Deed
related
$7,100,000 · Gold Bank NA
—
—
Alico Road Business Park LP
—
Loan Modification
related
$6,968,568 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,490,029 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,490,029 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$6,968,568 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,490,029 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$6,968,568 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$5,200,000 · Montgomery Bk
—
—
Alico Road Business Park LP
—
Loan Modification
related
$2,500,000 · Montgomery 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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