LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/10/2025 6:11 AM Current Working Values
SITE ADDRESS
4901/4911 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
RAMO PROPERTIES INC
OWNER'S ADDRESS
1755 E HALLANDALE BEACH BLVD
#603E
HALLANDALE BEACH FL 33009
PROPERTY DESCRIPTION
PINE CREST PB 5 PG 3 PT LT
12 21 + 28 DESC IN OR 1585
PG 0487

DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
55-212.0
ORTIZ CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 9.0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 1 MASONARY OR MINIMUM
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 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1981 8,600 100 8,600   *
FAIR OFFICE 1981 400 120 480   *
UNFINISHED CARPORT 1981 616 40 246   *
UNFINISHED CARPORT 2023 1,650 40 660   *
UNFINISHED OPEN PORCH 1981 130 30 39   *
   
   
   
   
   
   
   
   
   
   
   
TOTALS 11,396 10,025 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 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 9.00 1,500.00 1.00 B 1981 2.00 0.60 - *
2 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 0.00 0.00 1080.00 23.75 1.00 L 1981 5.00 0.60 - *
3 CH LK 4 FENCE - CHAIN LINK - 4 FOOT 120.00 0.00 120.00 16.35 1.00 L 1981 5.00 0.60 - *
4 CH LK 8 FENCE - CHAIN LINK - 8 FOOT 240.00 0.00 240.00 31.25 1.00 L 2000 5.00 0.60 - *
5 CARPRTU CARPORT - UNFINISHED 19.00 11.00 209.00 10.15 1.00 B 2010 1.00 0.86 - *
6 CARPRTU CARPORT - UNFINISHED 22.00 22.00 484.00 10.15 1.00 B 2016 1.00 0.92 - *
 
 
 
 
 
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 IG 0 0 1.00 1.00 0 2.73 111,647.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 304,796
FOLIO ID: 10254106 STRAP: 21-44-25-01-00007.0000
CARD 1 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.36 34.00 46.24 10,025 463,556 60% 278,134
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
2015000032115 2/10/2015 01 01 I 560,000
3140/439 6/30/1999 01 01 I 650,000
2940/2002 3/27/1998 06 06 I 400,000
2940/2004 3/26/1998 01 01 I 475,000
2848/3680 2/1/1995 03 03 I 70,000
2074/1382 6/1/1989 03 03 I 475,000
1585/485 2/1/1982 03 03 I 400,000
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 304,796
COST APPROACH VALUE * *
INCOME APPROACH VALUE 1,686,104 1,686,104
SALES APPROACH VALUE * *
MARKET VALUE * 1,686,104
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/10/2025 6:11 AM Current Working Values
SITE ADDRESS
4901/4911 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
RAMO PROPERTIES INC
OWNER'S ADDRESS
1755 E HALLANDALE BEACH BLVD
#603E
HALLANDALE BEACH FL 33009
PROPERTY DESCRIPTION
PINE CREST PB 5 PG 3 PT LT
12 21 + 28 DESC IN OR 1585
PG 0487

DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
55-212.0
ORTIZ CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 13.0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 1 MASONARY OR MINIMUM
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 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1981 13,000 100 13,000   *
UNFINISHED CARPORT 1981 2,110 40 843   *
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 15,110 13,843 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 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 14.00 1,500.00 1.00 B 1981 2.00 0.60 - *
2 PVMT C PAVEMENT - CONCRETE 325.00 20.00 6500.00 5.51 1.00 L 1981 1.00 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 IG 0 0 1.00 1.00 0 2.73 111,647.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 304,796
FOLIO ID: 10254106 STRAP: 21-44-25-01-00007.0000
CARD 2 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.36 34.00 46.24 13,843 640,100 60% 384,060
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
VALUE SUMMARY Current Values 2024
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/10/2025 6:11 AM Current Working Values
SITE ADDRESS
4901/4911 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
RAMO PROPERTIES INC
OWNER'S ADDRESS
1755 E HALLANDALE BEACH BLVD
#603E
HALLANDALE BEACH FL 33009
PROPERTY DESCRIPTION
PINE CREST PB 5 PG 3 PT LT
12 21 + 28 DESC IN OR 1585
PG 0487

DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
55-212.0
ORTIZ CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 22 PRECAST PANEL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 12 REINFORCED CONCRETE
ROOF COVER 1 MIN. ROOFING-CORR.
INTERIOR WALL 7 NONE
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
LIVING UNITS LVGU 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2000 200 100 200   *
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 200 200 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 CH LK 8 FENCE - CHAIN LINK - 8 FOOT 200.00 0.00 200.00 31.25 1.00 L 2000 5.00 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 IG 0 0 1.00 1.00 0 2.73 111,647.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 304,796
FOLIO ID: 10254106 STRAP: 21-44-25-01-00007.0000
CARD 3 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.02 142.00 144.84 200 28,968 66% 19,119
IMP TYPE 73 - Utilities MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024