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

    9970 Bavaria Rd Fort Myers, FL 33913-8509

    • Office buildings
    • 4,308 SF
    • 1.41 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2025
    $1,450,000
    Value Estimations
    $1,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2791084
    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

    • Tetra Tech / Engineering Consultant / Environmental Consultant
    • Ardaman & Associates / Engineering Consultant

    Property Details for 9970 Bavaria Rd

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    1.41 lot acres
    Property size
    4,308 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    15-45-25-01-0000B.0030
    APU
    154525010000B0030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,315,000
      6.5%
      $1,215,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,406,000
      Market price range: $844k - $1.95M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,295,000
      Current use
      COMMERCIAL (GENERAL)
      $1,545,000
      Change: +19% Conversion: Easy
      MEDICAL BUILDING
      $1,145,000
      Change: -12% Conversion: Easy
      RETAIL STORES
      $1,120,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.7926
    Latitude
    26.5636
    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
    $11,125
    $584,234
    $345,593
    $929,827
    -
    $584,234
    $345,593
    $929,827

    Comparable in this City

    • Value Estimation
      $830,000
      2,764 SF

      16360 Innovation Ln, Unit 104

      OFFICE BUILDING • 2,764 SF
      16360 Innovation Ln, Fort Myers, FL 33913-8791
      View Details
    • Value Estimation
      $2,595,000
      14,411 SF

      12411 Commerce Lks Dr, Unit 441

      OFFICE BUILDING (MULTI-STORY) • 14,411 SF
      12411 Commerce Lks Dr, Fort Myers, FL 33913-8663
      View Details
    • Value Estimation
      $880,000
      5,500 SF

      11935 Fairway Lks Dr

      OFFICE BUILDING (MULTI-STORY) • 5,500 SF
      11935 Fairway Lks Dr, Fort Myers, FL 33913-8338
      View Details
    • Value Estimation by Request
      1,936 SF

      Fort

      OFFICE BUILDING (MULTI-STORY) • 1,936 SF
      Fort, Myers, FL 33913
      View Details
    • Value Estimation by Request
      288 SF

      11950 State Rd 82

      OFFICE BUILDING (MULTI-STORY) • 288 SF
      11950 State Rd 82, Fort Myers, FL 33913-9600
      View Details
    • Value Estimation
      $2,515,000
      9,953 SF

      9954 Interstate Commerce Dr

      OFFICE BUILDING (MULTI-STORY) • 9,953 SF
      9954 Interstate Commerce Dr, Fort Myers, FL 33913-9781
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Fort Myers Land Opportunity

      Side-by-side lots in Fort Myers, ideal for investment.
      1229 Belgrave St, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      15,376 SF

      Alico Itec Park Retail Center

      Prime Fort Myers Shopping Center
      12252 Itec Park Dr, Fort Myers, FL 33913
      View Details
    • $35,000
      0.28 Acres

      Vacant Lot in Fort Myers

      Vacant lot to build your dream home in Fort Myers.
      1256 Belgrave St, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      0.24 Acres

      Vacant Lot in Fort Myers

      Vacant 0.24-acre lot, ideal for building a custom home.
      1272 Blaine Ave, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      0.24 Acres

      Undeveloped Land in Fort Myers

      Residential lot in a convenient, expanding Fort Myers neighborhood.
      1240 Burbeck St, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Fort Myers

      Residential lot with easy access to amenities and new construction.
      1259 Burbeck St, Fort Myers, FL 33913
      View Details

    Similar Nearby for Lease

    • $204 SF/Yr
      21,188 SF

      Fort Myers Office Building For Lease

      21,188 SF Office, Move-In Ready
      12550 Professional Park Dr, Fort Myers, FL 33913
      View Details
    • $17 SF/Yr
      8,620 SF

      Modern Flex Space Available Now

      Furnished office and warehouse space near RSW International Airport.
      14580 Global Pkwy, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      59,557 SF

      Westlinks Drive Office Space Available

      14,480 SF office space with multiple private offices.
      12780 Westlinks Dr, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      2,190,684 SF

      Gulf Landing Logistics Center

      Fort Myers Industrial Park, 2.2M SF
      16200 Ben Hill Griffin Pkwy, Fort Myers, FL 33913
      View Details
    • $18 SF/Yr
      2,500 SF

      Modern Fort Myers Office Space

      Newly renovated office space with convenient highway access and ample parking.
      10060 Amberwood Rd, Fort Myers, FL 33913
      View Details
    • $14 SF/Yr
      2,855 SF

      Office Space in Fort Myers

      Office space available for lease in Fort Myers, Florida.
      12631 Westlinks Dr, Fort Myers, FL 33913
      View Details
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    9970 Bavaria Rd
    Fort Myers, FL 33913-8509
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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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