LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/13/2025 2:58 PM Current Working Values
SITE ADDRESS
5151 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
STORE MASTER FUNDING IV LLC
OWNER'S ADDRESS
8414 PALM RIVER RD
TAMPA FL 33619
PROPERTY DESCRIPTION
PINECREST PB 5 PG 3
PT LOTS 24 + LOTS 25 + 40 +
LOT 41 N OF SR 184
DOR CODE 27 - AUTO SALES, REPAIR, ETC
NBHD CODE
55-212.8
ORTIZ CORRIDOR BB
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR 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
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 12,090 100 12,090   615,052
PATIO 2007 3,051 5 153   7,784
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 15,141 12,243 622,836
          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 27591.00 4.00 1.00 L 2007 2.00 0.66 - 72,840
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 12090.00 2.40 1.00 B 2007 2.00 0.66 - 19,151
3 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 0.00 0.00 2559.00 23.75 1.00 L 2007 5.00 0.60 - 36,466
4 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 7.00 1,500.00 1.00 B 2007 2.00 0.66 - 6,930
5 SLAB SLAB - CONCRETE 0.00 0.00 221.00 6.93 1.00 L 2007 2.00 0.66 - 1,011
6 CH LK 6 FENCE - CHAIN LINK - 6 FOOT 0.00 0.00 58.00 23.75 1.00 L 2007 5.00 0.60 - 827
7 PVMT C PAVEMENT - CONCRETE 14.00 44.00 616.00 5.51 1.00 L 2007 1.00 0.83 - 2,817
8 PVMT C PAVEMENT - CONCRETE 26.00 13.00 338.00 5.51 1.00 L 2007 1.00 0.83 - 1,546
 
 
 
TOTAL OF EXTRA FEATURE VALUES 141,588
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2710 GARAGE C1 0 0 1.00 1.00 0 2.53 368,910.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 933,342
FOLIO ID: 10483939 STRAP: 21-44-25-P2-00100.0250
CARD 1 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.64 47.00 77.08 12,243 943,690 66% 622,836
IMP TYPE 65 - Service (Repair) Garage MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2013000200992 8/28/2013 01 40 I 6,828,797
4788/1182 7/7/2005 06 06 V 1,838,300
1920/1802 6/1/1987 04 04 V 649,000
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 2,427,257 2,477,855
BUILDING EXTRA FEATURES 48,598 50,070
LAND EXTRA FEATURES 115,507 117,797
LAND VALUE 933,342 933,342
COST APPROACH VALUE 3,524,704 3,579,064
INCOME APPROACH VALUE 4,787,087 4,787,087
SALES APPROACH VALUE 4,809,260 4,787,087
MARKET VALUE 4,809,260 4,787,087
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/13/2025 2:58 PM Current Working Values
SITE ADDRESS
5151 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
STORE MASTER FUNDING IV LLC
OWNER'S ADDRESS
8414 PALM RIVER RD
TAMPA FL 33619
PROPERTY DESCRIPTION
PINECREST PB 5 PG 3
PT LOTS 24 + LOTS 25 + 40 +
LOT 41 N OF SR 184
DOR CODE 27 - AUTO SALES, REPAIR, ETC
NBHD CODE
55-212.8
ORTIZ CORRIDOR BB
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 2.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 25 MODULAR METAL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 4.0000 ABOVE AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 5,305 100 5,305   819,608
FINISHED CARPORT 2007 969 30 291   44,959
FINISHED OPEN PORCH 2007 693 30 208   32,135
FINISHED UPPER STORY 2007 3,126 100 3,126   482,958
FINISHED UTILITY 2007 3,440 50 1,720   265,735
PATIO 2007 3,516 5 176   27,192
   
   
   
   
   
   
   
   
   
   
TOTALS 17,049 10,826 1,672,587
          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 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 2007 2.00 0.66 - 594
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 12840.00 2.40 1.00 B 2007 2.00 0.66 - 20,339
3 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 1.00 1,500.00 1.00 B 2007 2.00 0.66 - 990
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 21,923
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2710 GARAGE C1 0 0 1.00 1.00 0 2.53 368,910.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 933,342
FOLIO ID: 10483939 STRAP: 21-44-25-P2-00100.0250
CARD 2 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.43 148.00 211.64 10,826 2,291,215 73% 1,672,587
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 3 FOLIO:10483939 PARCEL NO: 21-44-25-P2-00100.0250
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/13/2025 2:58 PM Current Working Values
SITE ADDRESS
5151 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
STORE MASTER FUNDING IV LLC
OWNER'S ADDRESS
8414 PALM RIVER RD
TAMPA FL 33619
PROPERTY DESCRIPTION
PINECREST PB 5 PG 3
PT LOTS 24 + LOTS 25 + 40 +
LOT 41 N OF SR 184
DOR CODE 27 - AUTO SALES, REPAIR, ETC
NBHD CODE
55-212.8
ORTIZ CORRIDOR BB
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 29 NONE
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 10 STEEL FRAME OR 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 1.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2007 2,845 100 2,845   120,023
SERVICE PRODUCTION AREA 2007 224 125 280   11,812
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 3,069 3,125 131,835
          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 OHDOR S OVERHEAD DOOR - SMALL LESS THAN 10X10 0.00 0.00 1.00 900.00 1.00 B 2007 2.00 0.66 - 594
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 594
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 2710 GARAGE C1 0 0 1.00 1.00 0 2.53 368,910.00 SF 1.00 - JF
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 933,342
FOLIO ID: 10483939 STRAP: 21-44-25-P2-00100.0250
CARD 3 of 3
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.36 47.00 63.92 3,125 199,750 66% 131,835
IMP TYPE 65 - Service (Repair) Garage MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024