LEASEHOLD INTERESTS Cost Card for 10601902

LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/9/2025 9:19 PM Current Working Values

SITE ADDRESS

2200 EDWARDS DR

OWNER'S NAME

CITY OF FORT MYERS

OWNER'S ADDRESS

PO BOX 2217
FORT MYERS FL 33902

PROPERTY DESCRIPTION

CITY OF FT MYERS
LUMINARY HOTEL
GROUND LEASE

DOR CODE	90 - LEASEHOLD INTERESTS
NBHD CODE	55-205.0 DOWNTOWN AREA

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		12.0
BEDROOMS		31
BATHROOMS		243.0
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	14	CARPET
INTERIOR FLOOR	0	NONE
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	5	CHILLED WATER
QUALITY	5.0000	EXCELLENT
UNITS IN BUILDING	UNITS	243.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	2020	15,467	100	15,467	3,261,322
FINISHED CARPORT	2020	1,537	20	308	64,944
FINISHED GARAGE	2020	25,304	40	10,121	2,134,082
FINISHED GARAGE	2020	48,078	40	19,231	4,054,987
FINISHED GARAGE	2020	48,078	40	19,231	4,054,987
FINISHED OPEN PORCH	2020	934	20	187	39,430
FINISHED UPPER STORY	2020	12,085	100	12,085	2,548,204
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	17,004	100	17,004	3,585,409
FINISHED UPPER STORY	2020	12,085	100	12,085	2,548,204
RESTAURANT - AVERAGE	2020	688	110	757	159,619
TOTALS		305,410		227,862	48,046,252

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	POOL C	POOL - COMMERCIAL	37.00	14.00	518.00	129.00	1.00	B	2020	2.00	0.92	-	61,476
2	ELEV P	ELEVATOR - PASSENGER	0.00	0.00	60.00	23,400.00	1.00	B	2020	2.00	0.92	-	1,291,680









TOTAL OF EXTRA FEATURE VALUES													1,353,156

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

TYPE

UNIT PRICE

UNITS

TOTAL ADJ

CAP

EVAL NOTES

9000

LEASE INTEREST

U-CTR

1.00

30.00

60,069.00

1.00

TOTAL OF LAND LINE VALUES

1,802,070

FOLIO ID: 10601902 STRAP: 13-44-24-P4-98004.0000

CARD 1 of 1

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
1.47	163.00	239.61	227,862	54,598,014	88%	48,046,252

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

VALUE SUMMARY	Current Values	2024
BUILDING COST VALUE	48,046,252	51,034,070
BUILDING EXTRA FEATURES	1,353,156	1,382,573
LAND EXTRA FEATURES	*	*
LAND VALUE	1,802,070	1,802,070
COST APPROACH VALUE	51,201,478	54,218,713
INCOME APPROACH VALUE	21,700,019	21,700,019
SALES APPROACH VALUE	30,257,059	21,700,019
MARKET VALUE	30,257,059	21,700,019