LEE COUNTY PROPERTY APPRAISER GENERATED ON 1/9/2025 3:50 PM Current Working Values
SITE ADDRESS
1516 ROYAL PALM SQUARE BLVD
OWNER'S NAME
1516 ROYAL PALM LLC
OWNER'S ADDRESS
12220 FLINTLOCK LN
FORT MYERS FL 33912
PROPERTY DESCRIPTION
ROYAL PALM BUSINESS PARK
PB 35 PG 78
LOT 2

DOR CODE 18 - OFFICE, MULTI-STORY
NBHD CODE
59-206.0
SUMMERLIN RD CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 7 CONCRETE TILE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 13 PARQUET
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 1985 3,224 100 3,224   *
FINISHED OPEN PORCH 1985 32 30 10   *
FINISHED UPPER STORY 1985 2,876 100 2,876   *
FINISHED UTILITY 1985 220 50 110   *
FINISHED UTILITY 1985 80 50 40   *
LOBBY AVERAGE 1985 240 110 264   *
PATIO 1985 300 5 15   *
   
   
   
   
   
   
   
   
   
TOTALS 6,972 6,539 0
          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 3905.00 4.00 1.00 L 1985 2.00 0.60 - *
2 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 5857.00 4.00 1.00 L 1985 2.00 0.60 - *
3 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 1985 2.00 0.60 - *
4 SEAW C SEAWALL - CONCRETE 0.00 0.00 98.00 0.00 1.00 L 1985 0.00 1.00 - *
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1800 MULTI STORY OFF CG 0 0 1.00 1.00 0 9.00 17,500.00 SF 1.00 - DB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 157,500
FOLIO ID: 10186328 STRAP: 02-45-24-P1-00400.0020
CARD 1 of 1
STRUCT
INDEX
BASE
RATE
EFF
BASE RATE
EFF
AREA
RCN REMAINING
WORTH
COST
VALUE
1.14 145.94 166.37 6,539 1,087,893 60% 652,736
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
2014000078151 4/15/2014 01 01 I 412,500
1677/3784 6/1/1983 01 01 I 78,800
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 157,500
COST APPROACH VALUE * *
INCOME APPROACH VALUE 840,347 840,347
SALES APPROACH VALUE * *
MARKET VALUE * 840,347
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.
ADDITIONAL FLOORS CARD 1 of 1 FOLIO:10186328 PARCEL NO: 02-45-24-P1-00400.0020
FLOOR 1
Floor plan
FLOOR 2
Floor plan