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Property profile & analytics
FOR LEASE
Warehouses
9910 Bavaria Rd Fort Myers, FL 33913
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-8191611
For Lease
1 / 5
$3,745,000
9910 Bavaria Rd, Fort Myers, FL 33913
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
STEEL FRAME
Total area
17,393 SF
Lot
3.29 ac (143,138 SF)
Zoning code
IPD
APN
15-45-25-01-0000B.0010
UPID
US18-8191611
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
-
King Brands Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$3.75M
Owner & transaction history
King Brands Warehouse LLC · 19 yrs held
King Brands Warehouse LLC
since 2007
7 recorded transactions
Zoning & alternative use
IPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.2M
+41.9%
Medical building
$4.6M
+25.3%
Retail stores
$4.5M
+22.7%
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%
$2,955,000
6.5%
$2,730,000
7%
$2,535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,690,000
Current use
OFFICE BUILDING
$5,235,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$4,625,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$4,530,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,115,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±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
$215 / 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
$47,685
Tax year 2023
Assessed value
$4,067,776
Assessed 2023
Previous assessed
$4,067,776
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$782,850
Assessed improvement
$3,284,926
Land market value
$782,850
Improvement market value
$3,284,926
Total market value
$4,067,776
Applied tax rate
47.0000
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
17,393 SF
Lot
3.29 ac (143,138 SF)
Zoning code
IPD
APN
15-45-25-01-0000B.0010
UPID
US18-8191611
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
WAREHOUSE, STORAGE Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
3.29 ac
Current owner
From public records · entity-resolved
King Brands Warehouse LLC
Entity
Mailing address
9910 BAVARIA RD, FORT MYERS, FL 33913-8509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2020
—
King Brands Warehouse LLC
—
Deed
related
$1,584,404 · Lake Mi Cu
May 7, 2018
—
King Brands Warehouse LLC
—
Deed
related
$1,385,100 · Encore Bank NA
Apr 4, 2018
—
King Brands Warehouse LLC
—
Deed
related
$1,385,100 · Encore Bank NA
Mar 1, 2007
$2,750,000
King Brands Warehouse LLC
Harvest Park Foods Corp
Warranty Deed
$1,898,500 · Comerica Bank
Apr 8, 2005
$908,100
Harvest Pak Foods Corp
Jrm Building One LLC
Warranty Deed
$1,202,500 · Esther Rapp
Jul 23, 2003
$297,500
Jrm Building One LLC
Geis,tr
Grant Deed
—
Jul 23, 2003
$704,400
Geis,tr
Lgpwi LLC
Grant Deed
—
Jul 23, 2003
$105,000
Jrm Building One LLC
509 Investments Ltd
Grant Deed
$560,000 · First National Bank Florida
Jul 23, 2003
$148,800
Jrm Building One LLC
Lgpwi LLC
Grant Deed
—
—
—
Harvest Park Foods Corp
—
Deed Of Trust
related
$110,000 · Cyril J JR Budde
—
—
King Brands Warehouse LLC
—
Deed Of Trust
related
$1,584,404 · Lake Mi Cu
—
—
Jrm Building One LLC
—
Deed Of Trust
related
$558,500 · Comerica Bank
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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