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Property profile & analytics
OFF-MARKET
Estimated value
$7,770,000
Warehouses
9321 Cypress Lk Dr Fort Myers, FL 33919-4988
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4739413
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,632 SF
Lot
5.39 ac (234,788 SF)
Zoning code
CPD
APN
21-45-24-00-00018.0000
UPID
US18-4739413
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.41M
Comparable Approach
Comparable
$8.97M
Blend (final)
Blend
$7.77M
Owner & transaction history
Extra Space Properties Two LLC · 7 yrs held
Extra Space Properties Two LLC
since 2018
6 recorded transactions
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.1M
+40.1%
Retail stores
$11.9M
+37.3%
Office building
$11.3M
+30.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,020,000
6.5%
$7,405,000
7%
$6,875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,655,000
Current use
MEDICAL BUILDING
$12,130,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$11,880,000
Change: +37% · Conversion: Moderate
OFFICE BUILDING
$11,260,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,790,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$7.77M
Range $6.99M – $8.55M · ±10%
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
$170 / 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
$132,735
Tax year 2023
Assessed value
$12,589,854
Assessed 2023
Previous assessed
$12,589,854
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,532,705
Assessed improvement
$10,057,149
Land market value
$2,532,705
Improvement market value
$10,057,149
Total market value
$12,589,854
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Buildings
7
Stories
1
Bathrooms
2
Total area
45,632 SF
Lot
5.39 ac (234,788 SF)
Zoning code
CPD
APN
21-45-24-00-00018.0000
UPID
US18-4739413
Jurisdiction
LEE
Zoning & alternative use
CPD · Fort Myers, FL
Zoning CPD · permitted uses
CPD · 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
WAREHOUSE, STORAGE Current
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$11.9M
OFFICE BUILDING
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
2
Lot
5.39 ac
Current owner
From public records · entity-resolved
Extra Space Properties Two LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX, SALT LAKE CITY, UT 84171
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2018
—
Extra Space Properties Two LLC
Extra Space Properties 110 LLC
Quit Claim Deed
—
Oct 5, 2015
—
Extra Space Properties 110 LLC
Extra Space Properties Forty Six Ll
Intrafamily Transfer
related
$100,000,000 · Pnc Bank NA
May 17, 2010
—
Extra Space Properties Forty Six Ll
Extra Space Properties Fifteen LLC
Warranty Deed
$20,800,000 · City National Bank Of Florida
Sep 17, 2004
$6,569,121
Extra Space Properties Fifteen
Storage Spot Properties 1
Grant Deed
$5,082,000 · Wachovia Bank NA
Jan 16, 2001
$4,200,000
Storageworld Properties 1 LP
Storageworld Properties #2 LLC
Grant Deed
related
$50,000,000 · Fleet National Bank Trustee
Dec 7, 1999
$600,000
Storageworld Properties #2 LLC
Lowell,harry M
Grant 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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