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Property profile & analytics
FOR LEASE
Flex space
9971 Bavaria Rd Fort Myers, FL 33913
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3514200
For Lease
1 / 11
$2,010,000
9971 Bavaria Rd, Fort Myers, FL 33913
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2006
Construction
STEEL FRAME
Total area
17,628 SF
Lot
3.14 ac (136,838 SF)
Zoning code
IL IL
APN
15-45-25-01-0000A.0060
UPID
US18-3514200
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
-
J & J Custom Mica Inc Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
King Brands Warehouse LLC · 5 yrs held
King Brands Warehouse LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
IL IL · 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
$2,165,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
$2,680,000
6.5%
$2,475,000
7%
$2,300,000
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±10% · vs last sale $1.60M (Nov 6 2020)
Last sale anchor
$1.60M
Nov 6 2020
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
$114 / 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
$19,743
Tax year 2023
Assessed value
$1,407,845
Assessed 2023
Previous assessed
$1,331,403
+5.7% YoY
Effective rate
1.40%
On assessed value
Assessed land
$991,274
Assessed improvement
$416,571
Land market value
$991,274
Improvement market value
$416,571
Total market value
$1,407,845
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
5
Total area
17,628 SF
Lot
3.14 ac (136,838 SF)
Zoning code
IL IL
APN
15-45-25-01-0000A.0060
UPID
US18-3514200
Jurisdiction
LEE
Zoning & alternative use
IL IL · Fort Myers, FL
Zoning IL IL · permitted uses
IL IL · 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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
3.14 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
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2020
$1,600,000
King Brands Warehouse LLC
Lad Property Investments INC
Warranty Deed
$1,584,404 · Lake Michigan Cu
Nov 20, 2018
$1,157,100
Lad Property Investments INC
Lynn A Dunlavey
Warranty Deed
$890,000 · Eternal Holdings LLC
Jul 2, 2004
$185,600
Lynn A Dunlavey
Geis Erwin Trust
Warranty Deed
—
Jul 2, 2004
$65,500
Lynn A Dunlavey
509 Investments Ltd
Warranty Deed
$304,920 · Wachovia Bank NA
Jul 2, 2004
$251,100
Geis Erwin Trust
Lgpw II LLC
Warranty Deed
—
—
—
Lynn A Dunlavey
—
Deed Of Trust
related
$960,000 · Wachovia Bank NA
—
—
Lynn A Dunlavey
—
Deed Of Trust
related
$1,225,574 · Wells Fargo Bank
—
—
Dunlavey,lynn A
—
Loan Modification
related
$1,225,931 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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