LEE COUNTY PROPERTY APPRAISER GENERATED ON 7/20/2025 4:32 PM Current Working Values
SITE ADDRESS
1505 GRETCHEN AVE S
OWNER'S NAME
MONTERREY REAL ESTATE LLC
OWNER'S ADDRESS
20400 RIVERBROOK RUN
ESTERO FL 33928
PROPERTY DESCRIPTION
LEHIGH ACRES UNIT 5
BLK 10 PB 15 PG 85
LOTS 3 THRU 5
DOR CODE 14 - SUPERMARKETS
NBHD CODE
54-203.0
LEE BLVD CORRIDOR
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 1 MASONARY OR MINIMUM
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 4 ROOF TOP
QUALITY 2.0000 BELOW AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2008 3,500 100 3,500   207,607
FINISHED OPEN PORCH 2008 457 30 137   8,126
FINISHED UTILITY 2008 500 50 250   14,829
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 4,457 3,887 230,563
          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 8680.00 4.00 1.00 L 2008 2.00 0.68 - 23,610
2 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 2008 2.00 0.68 - 612
3 WALL DC WALL - DECORATIVE - C.B.S. 43.00 6.00 258.00 18.92 1.00 L 2008 2.00 0.68 - 3,319
4 SLAB SLAB - CONCRETE 19.00 10.00 190.00 6.93 1.00 L 2008 2.00 0.68 - 895
5 WALL DC WALL - DECORATIVE - C.B.S. 28.00 6.00 168.00 18.92 1.00 L 2008 2.00 0.68 - 2,161
6 SLAB SLAB - CONCRETE 19.00 5.00 95.00 6.93 1.00 L 2008 2.00 0.68 - 448
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 31,045
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1400 SUPERMKT C-2 0 0 1.00 1.00 0 4.00 26,572.00 SF 1.00 - DB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 106,288
FOLIO ID: 10342616 STRAP: 04-45-26-L2-05010.0030
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.61 143.00 87.23 3,887 339,063 68% 230,563
IMP TYPE 42 - Supermarket MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2013000087938 4/11/2013 30 30 I 1,300,000
2008000064016 3/6/2008 02 02 V 400,000
4268/727 3/31/2004 02 02 V 105,000
2254/1428 10/1/1991 02 02 V 53,500
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 230,563 258,226
BUILDING EXTRA FEATURES 612 630
LAND EXTRA FEATURES 30,433 31,329
LAND VALUE 106,288 106,288
COST APPROACH VALUE 367,896 396,473
INCOME APPROACH VALUE 646,211 496,989
SALES APPROACH VALUE 646,211 496,989
MARKET VALUE 646,211 496,989