LEE COUNTY PROPERTY APPRAISER GENERATED ON 10/14/2026 12:55 AM Current Working Values
SITE ADDRESS
3851 E MICHIGAN AVE
OWNER'S NAME
SP PALMS LLC
OWNER'S ADDRESS
5403 W GRAY ST
TAMPA FL 33609
PROPERTY DESCRIPTION
W 1/2 OF NW 1/4 OF NW 1/4
SE 1/4 AKA LOT 34
BALLARD EST UNREC
DOR CODE 10 - VACANT COMMERCIAL
NBHD CODE
55-212.0
ORTIZ CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
          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 1000 VAC COMM CI 0 0 1.00 1.00 0 6.00 201,596.00 SF 1.00 - JH
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 1,209,576
FOLIO ID: 10480709 STRAP: 16-44-25-P3-00069.0010
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2023000402280 12/20/2023 01 01 V 1,250,000
2021000161435 5/11/2021 01 01 V 525,000
2013000269937 12/3/2013 11 11 V 23,819
4005/3070 7/2/2003 02 02 V 348,200
 
 
 
VALUE SUMMARY Current Values 2025
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 1,209,576
COST APPROACH VALUE * *
INCOME APPROACH VALUE * *
SALES APPROACH VALUE * *
MARKET VALUE * 1,209,576
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.