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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Flex space
9350 Workmen Way Fort Myers, FL 33905-5212
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0524863
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2002
Construction
STEEL FRAME
Total area
12,060 SF
Lot
1.43 ac (62,114 SF)
Zoning code
C-2
APN
03-44-25-12-00000.0090
UPID
US19-0524863
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
-
Morey Machining & Manufacturing Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
T & C Props Of Southwest Florida · 12 yrs held
T & C Props Of Southwest Florida
since 2014
7 recorded transactions
Zoning & alternative use
C-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$97 / 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
$13,094
Tax year 2023
Assessed value
$953,294
Assessed 2023
Previous assessed
$900,806
+5.8% YoY
Effective rate
1.37%
On assessed value
Assessed land
$269,290
Assessed improvement
$684,004
Land market value
$269,290
Improvement market value
$684,004
Total market value
$953,294
Applied tax rate
46.0000
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
12,060 SF
Lot
1.43 ac (62,114 SF)
Zoning code
C-2
APN
03-44-25-12-00000.0090
UPID
US19-0524863
Jurisdiction
LEE
Zoning & alternative use
C-2 · Fort Myers, FL
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.43 ac
Current owner
From public records · entity-resolved
T & C Props Of Southwest Florida
Individual
Mailing address
1120 NW 18TH PL, CAPE CORAL, FL 33993-5900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2023
—
T & C Properties Of Southwest Fl Ll
—
Deed
related
$250,000 · United States Small Business Admin
Sep 18, 2018
—
T & C Properties Of Southwest Flori
—
Deed
related
$816,000 · First Citizens Bank & Trust Co
Mar 6, 2014
$395,000
T & C Props Of Southwest Florida
Stonegate Bk
Grant Deed
$1,254,500 · Certusbank NA
Aug 24, 2010
—
Florida Shores Bk-sw
Ornamental Services Ll Coc
Trustees Deed
related
—
Oct 31, 2006
$600,600
Ornamental Services LLC
Aluminations Services INC
Grant Deed
—
Sep 18, 2001
$110,000
Aluminations Services INC
I 75/s 80 Corp
Grant Deed
$88,000 · Riverside Bank Gulf Coast
—
—
Ornamental Services LLC
—
Deed Of Trust
related
$395,990 · Florida Shores Bank
—
—
Aluminations Services INC
—
Deed Of Trust
related
$224,000 · Riverside Bank Gulf Coast
—
—
Aluminations Services INC
—
Deed Of Trust
related
$87,000 · Riverside Bank Gulf Coast
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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