LEE COUNTY PROPERTY APPRAISER
GENERATED ON 11/25/2024 8:33 AM
Current Working Values
OWNER'S NAME
LH FORT MYERS HOSPITALITY LLC
OWNER'S ADDRESS
PO BOX 248
WESTPORT MA 02790
PROPERTY DESCRIPTION
UNIVERSITY COMMONS
PB 67 PGS 48 + 49
LOT 2
|
DOR CODE
|
39 - HOTELS, MOTELS
|
|
NBHD CODE
|
59-206.0
SUMMERLIN RD CORRIDOR
|
BUILDING CHARACTERISTICS
ELEMENT
CODE
TYPE / DESCRIPTION / VALUE
|
STORIES
|
|
5.0
|
|
BEDROOMS
|
|
17
|
|
BATHROOMS
|
|
126.0
|
|
EXTERIOR WALL
|
16
|
WOOD FR STUCCO
|
|
EXTERIOR WALL
|
0
|
NONE
|
|
ROOF STRUCTURE
|
4
|
WOOD TRUSS
|
|
ROOF COVER
|
3
|
ASPHALT OR COMPOSITION
|
|
INTERIOR WALL
|
8
|
DEC WALL COVER
|
|
INTERIOR WALL
|
0
|
NONE
|
|
INTERIOR FLOOR
|
14
|
CARPET
|
|
INTERIOR FLOOR
|
0
|
NONE
|
|
HEATING FUEL
|
4
|
ELECTRIC
|
|
HEATING TYPE
|
4
|
FORCED AIR-DUCTED
|
|
AC TYPE
|
9
|
THROUGH WALL
|
|
QUALITY
|
4.0000
|
ABOVE AVERAGE
|
|
LIVING UNITS
|
LVGU
|
0.00
|
BUILDING SUBAREA DETAIL
AREA TYPE
YEAR BUILT
GROSS AREA
PCT BASE
ADJ AREA
CAP
COST
|
AVERAGE OFFICE
|
2001
|
920
|
100
|
920
|
|
92,116
|
|
BASE
|
2001
|
8,460
|
100
|
8,460
|
|
847,066
|
|
FINISHED CARPORT
|
2001
|
357
|
20
|
71
|
|
7,109
|
|
FINISHED ENCLOSED PORCH
|
2001
|
153
|
70
|
107
|
|
10,713
|
|
FINISHED UPPER STORY
|
2001
|
14,034
|
100
|
14,034
|
|
1,405,168
|
|
FINISHED UPPER STORY
|
2001
|
14,034
|
100
|
14,034
|
|
1,405,168
|
|
FINISHED UPPER STORY
|
2001
|
14,034
|
100
|
14,034
|
|
1,405,168
|
|
FINISHED UPPER STORY
|
2001
|
14,034
|
100
|
14,034
|
|
1,405,168
|
|
GOOD OFFICE
|
2001
|
3,734
|
110
|
4,107
|
|
411,217
|
|
LOBBY GOOD
|
2001
|
1,892
|
125
|
2,365
|
|
236,798
|
|
RESTAURANT - GOOD
|
2001
|
3,095
|
120
|
3,714
|
|
371,868
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTALS
|
74,747
|
|
75,880
|
|
7,597,561
|
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
|
SPKLR
|
SPRINKLER SYSTEM (INTERIOR)
|
0.00
|
0.00
|
74747.00
|
2.40
|
1.00
|
B
|
2001
|
2.00
|
0.60
|
-
|
107,636
|
|
2
|
ELEV P
|
ELEVATOR - PASSENGER
|
0.00
|
0.00
|
10.00
|
23,400.00
|
1.00
|
B
|
2001
|
2.00
|
0.60
|
-
|
140,400
|
|
3
|
POOL C
|
POOL - COMMERCIAL
|
0.00
|
0.00
|
800.00
|
129.00
|
1.00
|
B
|
2001
|
2.00
|
0.60
|
-
|
61,920
|
|
4
|
PATIO B
|
PATIO - BRICK AND TILE
|
0.00
|
0.00
|
604.00
|
12.65
|
1.00
|
B
|
2001
|
1.00
|
0.78
|
-
|
5,960
|
|
5
|
JAZ C
|
JACUZZI - TYPE C
|
0.00
|
0.00
|
1.00
|
17,000.00
|
1.00
|
B
|
2001
|
5.00
|
0.60
|
-
|
10,200
|
|
6
|
FNC AL4
|
FENCE - ALUM/VINYL - 4 FEET
|
0.00
|
0.00
|
77.00
|
45.00
|
1.00
|
L
|
2001
|
2.00
|
0.60
|
-
|
2,079
|
|
7
|
WAL BRK
|
WALL - BRICK
|
0.00
|
0.00
|
804.00
|
31.88
|
1.00
|
L
|
2001
|
2.00
|
0.60
|
-
|
15,379
|
|
8
|
PATIO B
|
PATIO - BRICK AND TILE
|
0.00
|
0.00
|
672.00
|
12.65
|
1.00
|
B
|
2001
|
1.00
|
0.78
|
-
|
6,631
|
|
9
|
WALL DC
|
WALL - DECORATIVE - C.B.S.
|
0.00
|
0.00
|
656.00
|
18.92
|
1.00
|
L
|
2001
|
2.00
|
0.60
|
-
|
7,447
|
|
10
|
FENCE B
|
FENCE - WOOD - SOLID BOARD
|
0.00
|
0.00
|
120.00
|
5.00
|
1.00
|
L
|
2001
|
10.00
|
0.60
|
-
|
360
|
|
11
|
BLK TOP
|
BLACK TOP - IMPROVED
|
0.00
|
0.00
|
54020.00
|
4.00
|
1.00
|
L
|
2001
|
2.00
|
0.60
|
-
|
129,648
|
|
TOTAL OF EXTRA FEATURE VALUES
|
490,514
|
L A N D
|
LINE
|
CODE
|
DESCRIPTION
|
ZONING
|
FRONT
|
DEPTH
|
DF
|
CF
|
TYPE
|
UNIT PRICE
|
UNITS
|
UT
|
TOTAL ADJ
|
CAP
|
EVAL NOTES
|
|
1
|
3900
|
MOTEL
|
CPD
|
0
|
0
|
1.00
|
1.00
|
0
|
20.00
|
120,269.00
|
SF
|
1.00
|
-
|
DB
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OF LAND LINE VALUES
|
2,405,380
|
|
|
|
FOLIO ID: 10459460 STRAP: 14-45-24-49-00000.0020
CARD 1 of 1
STRUCT
INDEX
|
BASE
RATE
|
EFF
BASE RATE
|
EFF
AREA
|
RCN
|
REMAINING
WORTH
|
COST
VALUE
|
|
0.92
|
167.43
|
154.04
|
75,880
|
11,688,555
|
65%
|
7,597,561
|
|
IMP TYPE
|
47 - Hotel/Motel - High Rise
|
MODEL
|
7 - APT/HOTEL/CLUBS
|
FLOOR 1
BOOK/PAGE OR
INSTRUMENT
|
DATE
|
TYPE
INST
|
OVR
CODE
|
V
I
|
SALE
PRICE
|
|
2019000221557
|
9/19/2019
|
01
|
01
|
I
|
18,625,000
|
|
2013000154291
|
6/27/2013
|
01
|
35
|
I
|
9,135,000
|
|
2011000178365
|
8/9/2011
|
11
|
11
|
I
|
6,930,100
|
|
2005000138649
|
11/18/2005
|
06
|
08
|
I
|
12,000,000
|
|
4634/3425
|
3/1/2005
|
06
|
06
|
I
|
14,500,000
|
|
3249/2420
|
4/27/2000
|
02
|
06
|
V
|
926,400
|
|
|
|
|
|
|
|
|
|
VALUE SUMMARY
|
Current Values
|
2024
|
|
BUILDING COST VALUE
|
7,597,561
|
7,597,561
|
|
BUILDING EXTRA FEATURES
|
332,747
|
332,747
|
|
LAND EXTRA FEATURES
|
157,767
|
157,767
|
|
LAND VALUE
|
2,405,380
|
2,405,380
|
|
COST APPROACH VALUE
|
10,493,455
|
10,493,455
|
|
INCOME APPROACH VALUE
|
24,314,180
|
24,314,180
|
|
SALES APPROACH VALUE
|
24,314,180
|
24,314,180
|
|
MARKET VALUE
|
24,314,180
|
24,314,180
|
|
|
|
|
|
|
|
|