LEE COUNTY PROPERTY APPRAISER GENERATED ON 6/17/2025 3:04 PM Current Working Values
SITE ADDRESS
7980 MERCANTILE ST
OWNER'S NAME
B I P PARTNERS LLC
OWNER'S ADDRESS
17611 EAST ST
NORTH FORT MYERS FL 33917
PROPERTY DESCRIPTION
I-75 BAYSHORE RD INDUST PK
PB 34 PG 45
LOTS 37 + 38

DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
57-202.0
NORTH FORT MYERS
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 3.0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 13 ELASTOMERIC (RUBBER)
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
UNITS IN BUILDING UNITS 3.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
AVERAGE OFFICE 1990 121 185 224   *
BASE 1990 5,637 100 5,637   *
FAIR OFFICE 1990 242 120 290   *
FINISHED CARPORT 2024 3,600 60 2,160   *
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 9,600 8,311 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 2849.00 4.00 1.00 L 1990 2.00 0.60 - *
2 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 3.00 1,500.00 1.00 B 1990 2.00 0.60 - *
3 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 7719.00 4.00 1.00 L 1990 2.00 0.60 - *
4 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 220.00 0.00 220.00 23.75 1.00 L 1991 5.00 0.60 - *
5 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 1990 2.00 0.60 - *
 
 
 
 
 
 
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 4800 WAREHOUSE IL 100 250 1.00 1.00 0 5.00 50,486.00 SF 1.00 - RB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 252,430
FOLIO ID: 10238403 STRAP: 20-43-25-01-00000.0370
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.33 34.00 45.22 8,311 375,823 60% 225,494
IMP TYPE 82 - Warehouse - Metal/Frame MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2018000087459 4/10/2018 01 01 I 600,000
2130/926 2/1/1990 06 06 V 43,800
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 252,430
COST APPROACH VALUE * *
INCOME APPROACH VALUE 740,184 740,184
SALES APPROACH VALUE * *
MARKET VALUE * 740,184
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.