HOTELS, MOTELS Cost Card for 10602938

LEE COUNTY PROPERTY APPRAISER GENERATED ON 12/13/2025 12:37 AM Current Working Values

SITE ADDRESS

16975 VINTAGE COMMERCE BLVD

OWNER'S NAME

ESTERO HOTEL DEVELOPERS LLC

OWNER'S ADDRESS

2501 S HIGH RD
INDIANAPOLIS IN 46241

PROPERTY DESCRIPTION

ALICO WEST
TRACT C
AS DESC IN INSTRUMENT 2021000115040

DOR CODE	39 - HOTELS, MOTELS
NBHD CODE	59-205.0 E. OF 41 TO SR 82

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		6.0
BEDROOMS		24
BATHROOMS		126.0
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	4	ROOF TOP
QUALITY	3.0000	AVERAGE
UNITS IN BUILDING	UNITS	126.00

BUILDING SUBAREA DETAIL

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

BASE	2024	13,520	100	13,520	2,116,271
FINISHED UPPER STORY	2024	12,522	100	12,522	1,960,055
FINISHED UPPER STORY	2024	12,522	100	12,522	1,960,055
FINISHED UPPER STORY	2024	12,522	100	12,522	1,960,055
FINISHED UPPER STORY	2024	12,522	100	12,522	1,960,055
FINISHED UPPER STORY	2024	12,522	100	12,522	1,960,055










TOTALS		76,130		76,130	11,916,545

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	76130.00	2.40	1.00	B	2024	2.00	0.98	-	179,058
2	ELEV P	ELEVATOR - PASSENGER	0.00	0.00	12.00	23,634.00	1.00	B	2024	2.00	0.98	-	277,936
3	BLK TOP	BLACK TOP - IMPROVED	0.00	0.00	51736.00	4.00	1.00	L	2024	2.00	0.98	-	202,805
4	WALL DC	WALL - DECORATIVE - C.B.S.	50.00	7.00	350.00	18.92	1.00	L	2024	2.00	0.98	-	6,490
5	SLAB	SLAB - CONCRETE	23.00	25.00	575.00	6.93	1.00	L	2024	2.00	0.98	-	3,905
6	MNTBLDG	MAINTENANCE BUILDING	10.00	18.00	180.00	7.50	1.00	B	2024	2.00	0.98	-	1,323
7	POOL C	POOL - COMMERCIAL	0.00	0.00	551.00	129.00	1.00	B	2024	2.00	0.98	-	69,657
8	PATIO B	PATIO - BRICK AND TILE	0.00	0.00	1385.00	12.78	1.00	B	2024	1.00	0.99	-	17,523
9	WAL BRK	WALL - BRICK	44.00	5.00	220.00	31.88	1.00	L	2024	2.00	0.98	-	6,873
10	FNC AL4	FENCE - ALUM/VINYL - 4 FEET	0.00	1.00	30.00	45.00	1.00	L	2024	2.00	0.98	-	1,323

TOTAL OF EXTRA FEATURE VALUES													766,893

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

TYPE

UNIT PRICE

UNITS

TOTAL ADJ

CAP

EVAL NOTES

3910

HOTEL

CPD

1.00

20.00

115,565.00

1.00

TOTAL OF LAND LINE VALUES

2,311,300

FOLIO ID: 10602938 STRAP: 03-46-25-L4-0700C.0000

CARD 1 of 1

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.99	163.00	161.37	76,130	12,285,098	97%	11,916,545

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
2021000411408	12/15/2021	01	01	V	1,925,000

VALUE SUMMARY	Current Values	2025
BUILDING COST VALUE	11,916,545	11,916,545
BUILDING EXTRA FEATURES	545,497	545,497
LAND EXTRA FEATURES	221,396	221,396
LAND VALUE	2,311,300	2,311,300
COST APPROACH VALUE	14,994,738	14,994,738
INCOME APPROACH VALUE	13,532,039	13,532,039
SALES APPROACH VALUE	13,532,039	13,532,039
MARKET VALUE	13,532,039	13,532,039