LEE COUNTY PROPERTY APPRAISER GENERATED ON 6/21/2025 4:24 PM Current Working Values
SITE ADDRESS
120 HOMESTEAD RD S
OWNER'S NAME
LEE EQUITY GROUP 1 LLC
OWNER'S ADDRESS
15611 OLD WEDGEWOOD CT
FORT MYERS FL 33908
PROPERTY DESCRIPTION
N 380 FT OF N 1/2 OF
SE 1/4 SWLY OF RD S OF MAPLE BROOK
LESS WLY 364 FT + INST#2005-42439 +
2006-175691 LESS INSTRUMENT 2019000237224
DOR CODE 16 - COMMUNITY SHOPPING CENTER
NBHD CODE
54-203.0
LEE BLVD CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 16 TERRAZZO EPOXY STR
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 3.0000 AVERAGE
UNITS IN BUILDING UNITS 4.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2020 12,680 100 12,680   1,283,135
CANOPY 2020 316 30 96   9,715
FINISHED UTILITY 2020 2,600 50 1,300   131,552
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 15,596 14,076 1,424,401
          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. 80.00 6.00 480.00 18.92 1.00 L 2020 2.00 0.92 - 8,355
2 SLAB SLAB - CONCRETE 10.00 40.00 400.00 6.93 1.00 L 2020 2.00 0.92 - 2,550
3 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 48154.00 4.00 1.00 L 2020 2.00 0.92 - 177,207
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 188,112
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1610 NHBD SH CTR MPD 0 0 1.00 1.00 0 653,400.00 2.55 AC 1.00 - DB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 1,666,170
FOLIO ID: 10595035 STRAP: 05-45-27-L3-00005.0050
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.96 127.00 121.92 14,076 1,716,146 83% 1,424,401
IMP TYPE 38 - Shopping Center - Neighborhood MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2021000384860 11/19/2021 05 05 I 3,550,000
 
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 1,424,401 1,678,892
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES 188,112 192,202
LAND VALUE 1,666,170 1,666,170
COST APPROACH VALUE 3,278,683 3,537,264
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 3,278,683 3,537,264
MARKET VALUE 3,278,683 3,537,264