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

    8841 Terry St Bonita Springs, FL 34135-4381

    • Warehouses
    • 24,500 SF
    • 5.37 lot acres
    OFF-MARKET
    Value Estimations
    $4,960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2837889
    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

    • Axis Networks / IT Consulting Firm / Tech Support Center
    • Bonita Storage Inn / Storage Facility
    • Bonita Bee Airport Express / Transportation Service / Limousine Service
    • Kenney Outdoor Solutions / Big Box & Wholesale Store
    • GreatView Lawncare / Landscaping / General Contractor

    Property Details for 8841 Terry St

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.37 lot acres
    Property size
    24,500 SF
    Zone code
    CPD
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    28-47-25-B3-00001.1000
    APU
    284725B3000011000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,305,000
      6.5%
      $3,975,000
      7%
      $3,690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,850,000
      Market price range: $2.11M - $5.85M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,970,000
      Current use
      OFFICE BUILDING
      $8,055,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $7,005,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonita Springs
    County
    Lee
    State
    Florida
    Longitude
    -81.804
    Latitude
    26.3484
    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
    $173,816
    $4,128,803
    $14,616,126
    $18,744,929
    -
    $4,128,803
    $14,616,126
    $18,744,929

    Comparable in this City

    • Value Estimation
      $19,795,000
      122,309 SF

      8420 Murano Del Lago Dr

      MINI-WAREHOUSE, STORAGE • 122,309 SF
      8420 Murano Del Lago Dr, Estero, FL 34135-8615
      View Details
    • Value Estimation
      $14,030,000
      79,040 SF

      12750 Trade Ctr Dr

      MINI-WAREHOUSE, STORAGE • 79,040 SF
      12750 Trade Ctr Dr, Bonita Springs, FL 34135
      View Details
    • Value Estimation
      $16,820,000
      93,667 SF

      11301 Bonita Bch SE Rd

      MINI-WAREHOUSE, STORAGE • 93,667 SF
      11301 Bonita Bch SE Rd, Bonita Springs, FL 34135-5902
      View Details
    • Value Estimation by Request
      3,600 SF

      27871 Industrial St

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      27871 Industrial St, Bonita Springs, FL 34135-4872
      View Details
    • Value Estimation
      $850,000
      4,080 SF

      24051 Production Cir

      MINI-WAREHOUSE, STORAGE • 4,080 SF
      24051 Production Cir, Bonita Springs, FL 34135-7056
      View Details
    • Value Estimation
      $1,285,000
      7,680 SF

      27885 Industrial St

      MINI-WAREHOUSE, STORAGE • 7,680 SF
      27885 Industrial St, Bonita Springs, FL 34135-4842
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Bonita Springs Warehouse with Yard

      Warehouse with six overhead doors, loading ramp, and large yard.
      10980 Enterprise Ave, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      5,536 SF

      Bonita Springs Flex Distribution Building

      Multi-tenant flex building in Greyhound Commerce Park for sale.
      10911 Harmony Park Dr, Bonita Springs, FL 34135
      View Details
    • New
      $1,499,999
      3,780 SF

      Bonita Springs Flex/Warehouse Space

      Flex space/warehouse with office, storage, and fenced yard.
      27900 Industrial St, Bonita Springs, FL 34135
      View Details
    • $300,000
      2.56 Acres

      Land in Bonita Springs, FL

      Two adjacent agricultural sites totaling 7.5 acres in Bonita Springs.
      Cutting Horse Ln, Bonita Springs, FL 34135
      View Details
    • $1,990,000
      0.69 Acres

      Multifamily Lot in Bonita Springs

      Multifamily lot in the heart of Old Bonita Springs.
      10670 Childers St, Bonita Springs, FL 34135
      View Details
    • $125,000
      0.12 Acres

      Residential Lots in Spanish Gardens

      Two adjacent residential lots in Bonita Springs' Spanish Gardens.
      11207 San Sebastian Ln, Bonita Springs, FL 34135
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Showroom/Retail/Office/Warehouse Space

      Corner unit suitable for showroom, retail, office, or warehouse.
      28360 Old 41 Rd, Bonita Springs, FL 34135
      View Details
    • Contact for pricing

      Bonita Springs Flex/Industrial Space

      Flex and light industrial spaces in Bonita Springs for rent.
      25270 Bernwood Dr, Bonita Springs, FL 34135
      View Details
    • Contact for pricing

      Bonita Springs Flex/Industrial Space

      Air-conditioned flex/industrial building in Bonita Springs, Florida. Direct highway access.
      28790 S Diesel Dr, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      1,500 SF

      Bonita Springs Flex/Industrial Space

      Flex/industrial space available for lease in Bonita Springs, Florida.
      28731 S Cargo Ct, Bonita Springs, FL 34135
      View Details
    • Contact for pricing
      7,190 SF

      Industrial Space Available For Lease

      7,190 square feet of industrial space for lease.
      10951 Harmony Park Dr, Bonita Springs, FL 34135
      View Details
    • Contact for pricing

      Class A Office Space Available

      Renovated office space in prominent Bonita Springs landmark.
      24031 S Tamiami Trl, Bonita Springs, FL 34135
      View Details
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    8841 Terry St
    Bonita Springs, FL 34135-4381
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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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