COMMUNITY SHOPPING CENTER Cost Card for 10499357

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/10/2025 12:48 PM

SITE ADDRESS

11821-861 PALM BEACH BLVD

OWNER'S NAME

REAL SUB LLC

OWNER'S ADDRESS

PO BOX 32018
LAKELAND FL 33802

PROPERTY DESCRIPTION

VERANDAH UNIT THREE
PB 80 PGS 29-31
PARCEL A

DOR CODE	16 - COMMUNITY SHOPPING CENTER
NBHD CODE	54-201.0 PALM BCH E OF ORANGE RIVER

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	17	CB STUCCO
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
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	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
LIVING UNITS	LVGU	0.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	2005	7,200	100	7,200	736,988
FINISHED CARPORT	2005	860	30	258	26,409
FINISHED OPEN PORCH	2005	1,298	30	389	39,818













TOTALS		9,358		7,847	803,214

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	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	9358.00	2.40	1.00	B	2005	2.00	0.64	-	14,374
2	BLK TOP	BLACK TOP - IMPROVED	0.00	0.00	249721.00	4.00	1.00	L	2005	2.00	0.64	-	639,286
3	WALL DC	WALL - DECORATIVE - C.B.S.	0.00	0.00	11280.00	18.92	1.00	L	2005	2.00	0.64	-	136,587
4	SLAB	SLAB - CONCRETE	0.00	0.00	187.00	6.93	1.00	L	2005	2.00	0.64	-	829
5	WALL DC	WALL - DECORATIVE - C.B.S.	33.00	6.00	198.00	18.92	1.00	L	2005	2.00	0.64	-	2,398
6	FENCE B	FENCE - WOOD - SOLID BOARD	0.00	0.00	60.00	5.00	1.00	L	2005	10.00	0.60	-	180





TOTAL OF EXTRA FEATURE VALUES													793,654

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1600

CMMNTY SH CTR

MPD

0

1.00

0

15.00

429,193.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

6,437,895

FOLIO ID: 10499357 STRAP: 36-43-25-05-0000A.0000

CARD 1 of 4

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
1.00	155.09	155.09	7,847	1,216,991	66%	803,214

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE
2015000019896	1/26/2015	05	05	I	14,400,000
2010000316322	12/29/2010	05	05	I	9,500,000
4525/1274	12/10/2004	02	02	V	3,705,300
3236/3238	3/28/2000	05	02	V	2,100,000
3091/3870	3/19/1999	02	02	V	825,000

VALUE SUMMARY	2024	2023
BUILDING COST VALUE	8,309,001	8,481,840
BUILDING EXTRA FEATURES	129,260	133,300
LAND EXTRA FEATURES	806,304	684,121
LAND VALUE	6,437,895	8,583,860
COST APPROACH VALUE	15,682,460	17,883,121
INCOME APPROACH VALUE	12,539,303	12,537,946
SALES APPROACH VALUE	12,539,303	12,537,946
MARKET VALUE	12,539,303	12,537,946

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/10/2025 12:48 PM

SITE ADDRESS

11821-861 PALM BEACH BLVD

OWNER'S NAME

REAL SUB LLC

OWNER'S ADDRESS

PO BOX 32018
LAKELAND FL 33802

PROPERTY DESCRIPTION

VERANDAH UNIT THREE
PB 80 PGS 29-31
PARCEL A

DOR CODE	16 - COMMUNITY SHOPPING CENTER
NBHD CODE	54-201.0 PALM BCH E OF ORANGE RIVER

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	17	CB STUCCO
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
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	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
LIVING UNITS	LVGU	0.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	2005	11,200	100	11,200	1,082,302
FINISHED OPEN PORCH	2005	2,444	30	733	70,833
RESTAURANT - AVERAGE	2005	2,800	110	3,080	297,633
TIKI BAR/RESTAURANT	2005	756	47	355	34,305












TOTALS		17,200		15,368	1,485,073

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	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	17200.00	2.40	1.00	B	2005	2.00	0.64	-	26,419
2	WALL CB	WALL - CONCRETE BLOCK	0.00	0.00	222.00	14.15	1.00	L	2005	2.00	0.64	-	2,010
3	SLAB	SLAB - CONCRETE	0.00	0.00	374.00	6.93	1.00	L	2005	2.00	0.64	-	1,659
4	FNC AL4	FENCE - ALUM/VINYL - 4 FEET	0.00	0.00	70.00	45.00	1.00	L	2009	2.00	0.72	-	2,268







TOTAL OF EXTRA FEATURE VALUES													32,356

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1600

CMMNTY SH CTR

MPD

0

1.00

0

15.00

429,193.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

6,437,895

FOLIO ID: 10499357 STRAP: 36-43-25-05-0000A.0000

CARD 2 of 4

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.93	155.09	144.23	15,368	2,216,527	67%	1,485,073

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/10/2025 12:48 PM

SITE ADDRESS

11821-861 PALM BEACH BLVD

OWNER'S NAME

REAL SUB LLC

OWNER'S ADDRESS

PO BOX 32018
LAKELAND FL 33802

PROPERTY DESCRIPTION

VERANDAH UNIT THREE
PB 80 PGS 29-31
PARCEL A

DOR CODE	16 - COMMUNITY SHOPPING CENTER
NBHD CODE	54-201.0 PALM BCH E OF ORANGE RIVER

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	17	CB STUCCO
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
ROOF COVER	12	MODULAR METAL\SHINGLE
INTERIOR WALL	5	DRYWALL
INTERIOR WALL	0	NONE
INTERIOR FLOOR	10	TERRAZZO MONOLITHI
INTERIOR FLOOR	0	NONE
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
LIVING UNITS	LVGU	0.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

AVERAGE OFFICE	2005	1,116	100	1,116	128,023
BASE	2005	38,404	100	38,404	4,405,549
FINISHED LOADING PLATFORM	2005	1,050	30	315	36,136
FINISHED OPEN PORCH	2005	2,128	30	638	73,189
UNFINISHED LOADING PLATFORM	2005	2,225	15	334	38,315











TOTALS		44,923		40,807	4,681,212

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	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	42698.00	2.40	1.00	B	2005	2.00	0.64	-	65,584
2	CH LK 4	FENCE - CHAIN LINK - 4 FOOT	0.00	0.00	83.00	16.35	1.00	L	2005	5.00	0.60	-	814
3	SLAB	SLAB - CONCRETE	0.00	0.00	444.00	6.93	1.00	L	2005	2.00	0.64	-	1,969
4	CH LK10	FENCE - CHAIN LINK - 10 FOOT	0.00	0.00	29.00	38.75	1.00	L	2005	5.00	0.60	-	674
5	WALL DC	WALL - DECORATIVE - C.B.S.	0.00	0.00	1144.00	18.92	1.00	L	2005	2.00	0.64	-	13,852






TOTAL OF EXTRA FEATURE VALUES													82,893

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1600

CMMNTY SH CTR

MPD

0

1.00

0

15.00

429,193.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

6,437,895

FOLIO ID: 10499357 STRAP: 36-43-25-05-0000A.0000

CARD 3 of 4

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.92	157.84	145.21	40,807	5,925,584	79%	4,681,212

IMP TYPE

42 - Supermarket

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/10/2025 12:48 PM

SITE ADDRESS

11821-861 PALM BEACH BLVD

OWNER'S NAME

REAL SUB LLC

OWNER'S ADDRESS

PO BOX 32018
LAKELAND FL 33802

PROPERTY DESCRIPTION

VERANDAH UNIT THREE
PB 80 PGS 29-31
PARCEL A

DOR CODE	16 - COMMUNITY SHOPPING CENTER
NBHD CODE	54-201.0 PALM BCH E OF ORANGE RIVER

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	17	CB STUCCO
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
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	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
LIVING UNITS	LVGU	0.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	2005	9,800	100	9,800	967,434
FINISHED OPEN PORCH	2005	2,298	30	689	68,017
RESTAURANT - AVERAGE	2005	2,800	110	3,080	304,051













TOTALS		14,898		13,569	1,339,502

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	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	14898.00	2.40	1.00	B	2005	2.00	0.64	-	22,883
2	WALL CB	WALL - CONCRETE BLOCK	0.00	0.00	234.00	14.15	1.00	L	2005	2.00	0.64	-	2,119
3	SLAB	SLAB - CONCRETE	0.00	0.00	374.00	6.93	1.00	L	2005	2.00	0.64	-	1,659








TOTAL OF EXTRA FEATURE VALUES													26,661

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1600

CMMNTY SH CTR

MPD

0

1.00

0

15.00

429,193.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

6,437,895

FOLIO ID: 10499357 STRAP: 36-43-25-05-0000A.0000

CARD 4 of 4

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.95	155.09	147.34	13,569	1,999,256	67%	1,339,502

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023