LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/13/2025 4:35 PM
SITE ADDRESS
5151 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
STORE MASTER FUNDING IV LLC
OWNER'S ADDRESS
8414 PALM RIVER RD
TAMPA FL 33619
PROPERTY DESCRIPTION
PINECREST PB 5 PG 3
PT LOTS 24 + LOTS 25 + 40 +
LOT 41 N OF SR 184
DOR CODE 27 - AUTO SALES, REPAIR, ETC
NBHD CODE
55-212.8
ORTIZ CORRIDOR BB
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 7 NONE
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 0 NONE
HEATING FUEL 1 NONE
HEATING TYPE 1 NONE
AC TYPE 1 NONE
QUALITY 3.0000 AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 12,090 100 12,090   656,874
PATIO 2007 3,051 5 153   8,313
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 15,141 12,243 665,187
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 27591.00 4.00 1.00 L 2007 2.00 0.68 - 75,048
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 12090.00 2.40 1.00 B 2007 2.00 0.68 - 19,731
3 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 0.00 0.00 2559.00 23.75 1.00 L 2007 5.00 0.60 - 36,466
4 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 7.00 1,500.00 1.00 B 2007 2.00 0.68 - 7,140
5 SLAB SLAB - CONCRETE 0.00 0.00 221.00 6.93 1.00 L 2007 2.00 0.68 - 1,041
6 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 0.00 0.00 58.00 23.75 1.00 L 2007 5.00 0.60 - 827
7 PVMT C PAVEMENT - CONCRETE 14.00 44.00 616.00 5.51 1.00 L 2007 1.00 0.84 - 2,851
8 PVMT C PAVEMENT - CONCRETE 26.00 13.00 338.00 5.51 1.00 L 2007 1.00 0.84 - 1,564
 
 
 
TOTAL OF EXTRA FEATURE VALUES 144,668
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2710 GARAGE C1 0 0 1.00 1.00 0 2.53 368,910.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 933,342
FOLIO ID: 10483939 STRAP: 21-44-25-P2-00100.0250
CARD 1 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.64 48.72 79.90 12,243 978,216 68% 665,187
IMP TYPE 65 - Service (Repair) Garage MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2013000200992 8/28/2013 01 40 I 6,828,797
4788/1182 7/7/2005 06 06 V 1,838,300
1920/1802 6/1/1987 04 04 V 649,000
 
 
 
 
VALUE SUMMARY 2024 2023
BUILDING COST VALUE 2,477,855 2,524,153
BUILDING EXTRA FEATURES 50,070 50,142
LAND EXTRA FEATURES 117,797 96,503
LAND VALUE 933,342 933,342
COST APPROACH VALUE 3,579,064 3,604,140
INCOME APPROACH VALUE 4,787,087 4,765,074
SALES APPROACH VALUE 4,787,087 4,765,074
MARKET VALUE 4,787,087 4,765,074
LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/13/2025 4:35 PM
SITE ADDRESS
5151 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
STORE MASTER FUNDING IV LLC
OWNER'S ADDRESS
8414 PALM RIVER RD
TAMPA FL 33619
PROPERTY DESCRIPTION
PINECREST PB 5 PG 3
PT LOTS 24 + LOTS 25 + 40 +
LOT 41 N OF SR 184
DOR CODE 27 - AUTO SALES, REPAIR, ETC
NBHD CODE
55-212.8
ORTIZ CORRIDOR BB
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 4.0000 ABOVE AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 5,305 100 5,305   819,254
FINISHED CARPORT 2007 969 30 291   44,939
FINISHED OPEN PORCH 2007 693 30 208   32,122
FINISHED UPPER STORY 2007 3,126 100 3,126   482,750
FINISHED UTILITY 2007 3,440 50 1,720   265,621
PATIO 2007 3,516 5 176   27,180
   
   
   
   
   
   
   
   
   
   
TOTALS 17,049 10,826 1,671,866
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 2007 2.00 0.68 - 612
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 12840.00 2.40 1.00 B 2007 2.00 0.68 - 20,955
3 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 1.00 1,500.00 1.00 B 2007 2.00 0.68 - 1,020
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 22,587
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2710 GARAGE C1 0 0 1.00 1.00 0 2.53 368,910.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 933,342
FOLIO ID: 10483939 STRAP: 21-44-25-P2-00100.0250
CARD 2 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.43 145.94 208.69 10,826 2,259,278 74% 1,671,866
IMP TYPE 49 - Offices - Low Rise MODEL 5 - OFFICE/MEDICAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY 2024 2023
ADDITIONAL FLOORS CARD 2 of 3 FOLIO:10483939 PARCEL NO: 21-44-25-P2-00100.0250
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/13/2025 4:35 PM
SITE ADDRESS
5151 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
STORE MASTER FUNDING IV LLC
OWNER'S ADDRESS
8414 PALM RIVER RD
TAMPA FL 33619
PROPERTY DESCRIPTION
PINECREST PB 5 PG 3
PT LOTS 24 + LOTS 25 + 40 +
LOT 41 N OF SR 184
DOR CODE 27 - AUTO SALES, REPAIR, ETC
NBHD CODE
55-212.8
ORTIZ CORRIDOR BB
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 29 NONE
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 7 NONE
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 0 NONE
HEATING FUEL 1 NONE
HEATING TYPE 1 NONE
AC TYPE 1 NONE
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 1.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 2,845 100 2,845   128,187
SERVICE PRODUCTION AREA 2007 224 125 280   12,616
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 3,069 3,125 140,803
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 2007 2.00 0.68 - 612
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 612
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2710 GARAGE C1 0 0 1.00 1.00 0 2.53 368,910.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 933,342
FOLIO ID: 10483939 STRAP: 21-44-25-P2-00100.0250
CARD 3 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.36 48.72 66.26 3,125 207,063 68% 140,803
IMP TYPE 65 - Service (Repair) Garage MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY 2024 2023