LEE COUNTY PROPERTY APPRAISER GENERATED ON 7/6/2025 2:04 AM Current Working Values
SITE ADDRESS
534 MEADOW RD
OWNER'S NAME
SMFI II LLC
OWNER'S ADDRESS
8750 BELLE MEADE DR
FORT MYERS FL 33908
PROPERTY DESCRIPTION
LEHIGH ESTATES UNIT 3
BLK 36 PB 15 PG 83
LOTS 18 THRU 20 + 17
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 1.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 4 WOOD TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
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
LIVING UNITS LVGU 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 4,721 100 4,721   180,932
PATIO 2007 190 5 10   383
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 4,911 4,731 181,316
          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 PVMT C PAVEMENT - CONCRETE 0.00 0.00 11100.00 5.51 1.00 L 2007 1.00 0.83 - 50,764
2 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 9.00 1,500.00 1.00 B 2007 2.00 0.66 - 8,910
3 WALL DC WALL - DECORATIVE - C.B.S. 44.00 6.00 264.00 18.92 1.00 L 2007 2.00 0.66 - 3,297
4 SLAB SLAB - CONCRETE 23.00 9.00 207.00 6.93 1.00 L 2007 2.00 0.66 - 947
5 FNC AL6 FENCE - ALUM/VINYL - 6 FEET 24.00 0.00 24.00 51.00 1.00 L 2007 2.00 0.66 - 808
6 FNC AL4 FENCE - ALUM/VINYL - 4 FEET 643.00 1.00 643.00 45.00 1.00 L 2022 2.00 0.96 - 27,778
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 92,504
                  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-2 150 175 1.00 1.00 0 5.00 34,191.00 SF 1.00 - RB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 170,955
FOLIO ID: 10343738 STRAP: 05-45-26-L1-03036.0180
CARD 1 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.05 50.00 52.50 4,731 248,378 73% 181,316
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
2012000238006 10/26/2012 05 03 V 80,000
2012000224759 10/9/2012 12 12 I 220,000
2010000179462 7/20/2010 11 11 I 200
2007000124382 4/13/2007 04 04 V 100,000
4726/1583 5/23/2005 02 02 V 49,000
4301/3605 4/28/2004 04 04 V 18,000
3824/2619 12/31/2002 04 04 V 6,000
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 475,795 514,919
BUILDING EXTRA FEATURES 8,910 9,180
LAND EXTRA FEATURES 83,594 84,935
LAND VALUE 170,955 170,955
COST APPROACH VALUE 739,254 779,989
INCOME APPROACH VALUE 1,073,705 1,019,422
SALES APPROACH VALUE 1,073,705 1,019,422
MARKET VALUE 1,073,705 1,019,422
LEE COUNTY PROPERTY APPRAISER GENERATED ON 7/6/2025 2:04 AM Current Working Values
SITE ADDRESS
534 MEADOW RD
OWNER'S NAME
SMFI II LLC
OWNER'S ADDRESS
8750 BELLE MEADE DR
FORT MYERS FL 33908
PROPERTY DESCRIPTION
LEHIGH ESTATES UNIT 3
BLK 36 PB 15 PG 83
LOTS 18 THRU 20 + 17
DOR CODE 48 - WAREHOUSING, DISTRIBUTION TERMINALS
NBHD CODE
54-203.0
LEE BLVD 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 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 9 PINE/LAMINATE/LUXURY VINYL
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 2007 969 100 969   141,333
FINISHED OPEN PORCH 2007 97 30 29   4,230
FINISHED UPPER STORY 2007 1,021 100 1,021   148,917
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 2,087 2,019 294,479
          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
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  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-2 150 175 1.00 1.00 0 5.00 34,191.00 SF 1.00 - RB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 170,955
FOLIO ID: 10343738 STRAP: 05-45-26-L1-03036.0180
CARD 2 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.35 148.00 199.80 2,019 403,396 73% 294,479
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
VALUE SUMMARY Current Values 2024
ADDITIONAL FLOORS CARD 2 of 2 FOLIO:10343738 PARCEL NO: 05-45-26-L1-03036.0180
FLOOR 1
Floor plan
FLOOR 2
Floor plan