LEE COUNTY PROPERTY APPRAISER GENERATED ON 7/13/2025 6:54 AM Current Working Values
SITE ADDRESS
5 NICHOLAS PKWY W
OWNER'S NAME
5 NICHOLAS PARKWAY LLC
OWNER'S ADDRESS
8710 COLLEGE PKWY
FORT MYERS FL 33919
PROPERTY DESCRIPTION
CAPE CORAL UNIT 29
BLK 1963 PB 16 PG 18
LOTS 38 THRU 41

DOR CODE 19 - PROFESSIONAL BUILDING
NBHD CODE
58-203.0
WEST CAPE CORAL
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 26 VINYL/ALUMINUM SIDING
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 3 ASPHALT OR COMPOSITION
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 12 HARDWOOD
INTERIOR FLOOR 7 VINYL TILE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1998 3,180 100 3,180   381,447
FINISHED OPEN PORCH 1998 120 30 36   4,318
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 3,300 3,216 385,766
          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 5875.00 4.00 1.00 L 1998 2.00 0.60 - 14,100
2 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 1480.00 4.00 1.00 L 2006 2.00 0.64 - 3,789
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 17,889
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1910 MED OFFICE P 160 125 1.00 1.00 0 5.50 19,994.00 SF 1.00 - DB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 109,967
FOLIO ID: 10068642 STRAP: 23-44-23-C2-01963.0380
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.98 180.00 176.40 3,216 567,302 68% 385,766
IMP TYPE 52 - Medical Office MODEL 5 - OFFICE/MEDICAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2017000002565 12/29/2016 01 01 I 485,000
4839/3292 8/9/2005 06 06 I 945,000
4345/4788 6/15/2004 06 06 I 445,000
4033/1107 8/13/2003 06 06 I 233,100
2880/1208 9/24/1997 06 01 V 15,000
2880/1206 9/23/1997 06 01 V 12,500
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 385,766 368,338
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES 17,889 18,007
LAND VALUE 109,967 109,967
COST APPROACH VALUE 513,622 496,312
INCOME APPROACH VALUE 750,527 683,701
SALES APPROACH VALUE 750,527 683,701
MARKET VALUE 750,527 683,701