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Property profile & analytics
OFF-MARKET
Estimated value
$5,985,000
Flex space
8951 Alico Trade Ctr Rd Fort Myers, FL 33912-4554
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-0414687
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2022
Construction
STEEL FRAME
Total area
37,326 SF
Lot
4.39 ac (191,228 SF)
Zoning code
IPD
APN
04-46-25-L2-10000.0030
UPID
US18-0414687
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
$6.30M
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$5.06M
Blend (final)
Blend
$5.99M
Owner & transaction history
Ft Myers Alico Trade Center Rd LLC
Ft Myers Alico Trade Center Rd LLC
since 2025
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
IPD · Fort Myers, 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 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
$6,380,000
ML approach
$6,300,000
CAP Approach
CAP Return
Estimation
6%
$5,680,000
6.5%
$5,240,000
7%
$4,870,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,920,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$9,720,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$5.99M
Range $5.39M – $6.58M · ±10% · vs last sale $6.00M (Jul 23 2025)
Last sale anchor
$6.00M
Jul 23 2025
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
$160 / 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
$43,749
Tax year 2023
Assessed value
$3,097,698
Assessed 2023
Previous assessed
$3,097,698
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,378,460
Assessed improvement
$1,719,238
Land market value
$1,378,460
Improvement market value
$1,719,238
Total market value
$3,097,698
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Cooling
NONE
Stories
1
Total area
37,326 SF
Lot
4.39 ac (191,228 SF)
Zoning code
IPD
APN
04-46-25-L2-10000.0030
UPID
US18-0414687
Jurisdiction
LEE
Zoning & alternative use
IPD · Fort Myers, FL
Zoning IPD · permitted uses
IPD · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$9.9M
RETAIL STORES
Est. value
$9.7M
MEDICAL BUILDING
RETAIL STORES
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
2022
Construction
STEEL FRAME
Cooling
Yes
Stories
1
Lot
4.39 ac
Current owner
From public records · entity-resolved
Ft Myers Alico Trade Center Rd LLC
Entity
Mailing address
1101 N SOUTHLAKE DR, HOLLYWOOD, FL 33019-1522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2025
$6,000,000
Ft Myers Alico Trade Center Rd LLC
Westside 2 LLC
Special Warranty Deed
$3,900,000 · Provident Bank
Nov 16, 2022
$6,000,000
Westside 2 LLC
Seagate Alico North LLC
Special Warranty Deed
—
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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