LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/10/2025 8:47 AM Current Working Values
SITE ADDRESS
2480 FIRST ST
OWNER'S NAME
ZP 362 FORT MYERS CHURCH LLC
OWNER'S ADDRESS
PO BOX 2628
WILMINGTON NC 28401
PROPERTY DESCRIPTION
FIRST STREET APARTMENTS
AS DESC IN INSTRUMENT 2022000128123
TRACT A
DOR CODE 03 - MULTI-FAMILY 10 OR MORE
NBHD CODE
55-205.0
DOWNTOWN AREA
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 4.0
BEDROOMS 444
BATHROOMS 433.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 13 PRESTRESS CONCRETE
ROOF COVER 1 MIN. ROOFING-CORR.
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 9 PINE/LAMINATE/LUXURY VINYL
INTERIOR FLOOR 14 CARPET
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 5.0000 EXCELLENT
LIVING UNITS LVGU 275.00
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
1 ELEV P ELEVATOR - PASSENGER 0.00 0.00 12.00 23,400.00 1.00 B 2024 2.00 0.98 - 275,184
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 383746.00 2.40 1.00 B 2024 2.00 0.98 - 902,571
3 JAZ D JACUZZI - TYPE D 0.00 0.00 1.00 23,000.00 1.00 B 2024 5.00 0.95 - 21,850
4 FPLC C FIREPLACE - TYPE C 0.00 0.00 1.00 8,000.00 1.00 B 2024 2.00 0.98 - 7,840
5 POOL C POOL - COMMERCIAL 0.00 0.00 2110.00 129.00 1.00 B 2024 2.00 0.98 - 266,746
6 PATIO B PATIO - BRICK AND TILE 0.00 0.00 11260.00 12.65 1.00 B 2024 1.00 0.99 - 141,015
7 PATIO B PATIO - BRICK AND TILE 0.00 0.00 3400.00 12.65 1.00 B 2024 1.00 0.99 - 42,580
8 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 2.00 1,500.00 1.00 B 2024 2.00 0.98 - 2,940
 
 
 
TOTAL OF EXTRA FEATURE VALUES 1,660,726
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 300 MF 10 OR MORE U-CTR 0 0 1.00 1.00 0 20,000.00 275.00 UT 1.00 - RB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 5,500,000
FOLIO ID: 10613221 STRAP: 13-44-24-P4-3800A.0000
CARD 1 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.35 140.00 189.00 364,450 68,881,050 99% 68,192,240
IMP TYPE 23 - Apartment Building MODEL 7 - APT/HOTEL/CLUBS
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
 
 
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 76,273,316 *
BUILDING EXTRA FEATURES 1,957,642 *
LAND EXTRA FEATURES * *
LAND VALUE 5,500,000 5,500,000
COST APPROACH VALUE 83,730,958 5,500,000
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 83,730,959 5,500,000
MARKET VALUE 83,730,959 5,500,000
ADDITIONAL FLOORS CARD 1 of 2 FOLIO:10613221 PARCEL NO: 13-44-24-P4-3800A.0000
FLOOR 1
Floor plan
FLOOR 2
Floor plan
FLOOR 3
Floor plan
FLOOR 4
Floor plan
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/10/2025 8:47 AM Current Working Values
SITE ADDRESS
2480 FIRST ST
OWNER'S NAME
ZP 362 FORT MYERS CHURCH LLC
OWNER'S ADDRESS
PO BOX 2628
WILMINGTON NC 28401
PROPERTY DESCRIPTION
FIRST STREET APARTMENTS
AS DESC IN INSTRUMENT 2022000128123
TRACT A
DOR CODE 03 - MULTI-FAMILY 10 OR MORE
NBHD CODE
55-205.0
DOWNTOWN AREA
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 3.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 15 CONCRETE BLOCK
EXTERIOR WALL 17 CB STUCCO
ROOF STRUCTURE 13 PRESTRESS CONCRETE
ROOF COVER 1 MIN. ROOFING-CORR.
INTERIOR WALL 1 MASONARY OR MINIMUM
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 0 NONE
HEATING FUEL 0 NONE
HEATING TYPE 0 NONE
AC TYPE 0 NONE
QUALITY 3.0000 AVERAGE
 
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
1 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 126240.00 2.40 1.00 B 2024 2.00 0.98 - 296,916
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 296,916
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 300 MF 10 OR MORE U-CTR 0 0 1.00 1.00 0 20,000.00 275.00 UT 1.00 - RB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 5,500,000
FOLIO ID: 10613221 STRAP: 13-44-24-P4-3800A.0000
CARD 2 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.92 71.00 65.32 126,240 8,245,997 98% 8,081,077
IMP TYPE 118 - Parking 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
ADDITIONAL FLOORS CARD 2 of 2 FOLIO:10613221 PARCEL NO: 13-44-24-P4-3800A.0000
FLOOR 1
Floor plan
FLOOR 2
Floor plan
FLOOR 3
Floor plan
FLOOR 4
Floor plan