LEE COUNTY PROPERTY APPRAISER GENERATED ON 7/23/2025 8:05 AM Current Working Values
SITE ADDRESS
1511 GRETCHEN AVE S
OWNER'S NAME
MONTERREY REAL ESTATE LLC
OWNER'S ADDRESS
20400 RIVERBROOKE RUN
ESTERO FL 33928
PROPERTY DESCRIPTION
LEHIGH ESTATES UNIT 5
BLK 10 PB 15 PG 85
LOT 6 THRU 9
DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
54-203.0
LEE BLVD CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 4.0
EXTERIOR WALL 17 CB STUCCO
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 0 NONE
HEATING TYPE 0 NONE
AC TYPE 0 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
AVERAGE OFFICE 2004 3,127 185 5,786   243,012
BASE 2004 3,177 100 3,177   133,434
FINISHED OPEN PORCH 2004 214 50 108   4,536
PATIO 2004 80 5 4   168
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 6,598 9,075 381,150
          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 WALL DC WALL - DECORATIVE - C.B.S. 40.00 6.00 240.00 18.92 1.00 L 2004 2.00 0.60 - 2,724
2 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 13289.00 4.00 1.00 L 2004 2.00 0.60 - 31,894
3 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 5.00 1,500.00 1.00 B 2004 2.00 0.60 - 4,500
4 SLAB SLAB - CONCRETE 10.00 20.00 200.00 6.93 1.00 L 2004 2.00 0.60 - 832
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 39,950
                  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 C-2 200 175 1.00 1.00 0 4.00 35,414.00 SF 1.00 - DB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 141,656
FOLIO ID: 10342619 STRAP: 04-45-26-L2-05010.0060
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.20 50.00 60.00 9,075 544,500 70% 381,150
IMP TYPE 84 - Warehouse - CB/Brick MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2024000090966 3/27/2024 01 01 I 1,100,000
3268/2591 6/1/2000 08 08 V 39,000
3268/2589 5/30/2000 06 06 V 12,500
1677/1724 4/1/1983 07 07 V 10,000
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 381,150 463,914
BUILDING EXTRA FEATURES 4,500 4,650
LAND EXTRA FEATURES 35,450 36,631
LAND VALUE 141,656 141,656
COST APPROACH VALUE 562,756 646,851
INCOME APPROACH VALUE 1,094,676 978,808
SALES APPROACH VALUE 935,993 978,808
MARKET VALUE 935,993 978,808