LEE COUNTY PROPERTY APPRAISER GENERATED ON 1/17/2025 1:00 AM Current Working Values
SITE ADDRESS
4480-4560 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
CMT VENTURES LLC
OWNER'S ADDRESS
2996 HANSON ST
FORT MYERS FL 33916
PROPERTY DESCRIPTION
PARCEL OF LAND IN SEC 20 AND 21 TWP 44 RNG 25
AS DESC IN INSTRUMNENT 2022000391637
DOR CODE 10 - VACANT COMMERCIAL
NBHD CODE
55-212.0
ORTIZ CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 18.0
EXTERIOR WALL 22 PRECAST PANEL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 0 NONE
INTERIOR WALL 0 NONE
INTERIOR FLOOR 3 CONCRETE FINISHED
INTERIOR FLOOR 4 CONCRETE ABOVE GRA
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 5 CHILLED WATER
QUALITY 4.0000 ABOVE AVERAGE
UNITS IN BUILDING UNITS 1.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
AVERAGE OFFICE 2024 29,275 185 54,159   6,162,633
AVERAGE OFFICE 2024 26,495 185 49,016   5,577,423
BASE 2024 284,388 100 284,388   32,359,885
FAIR OFFICE 2024 12,242 120 14,690   1,671,543
FINISHED OPEN PORCH 2024 2,920 50 1,460   166,130
SERVICE PRODUCTION AREA 2024 18,029 125 22,536   2,564,322
   
   
   
   
   
   
   
   
   
   
TOTALS 373,349 426,249 48,501,936
          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 2.00 23,400.00 1.00 B 2024 2.00 0.98 - 45,864
2 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 58.00 1,500.00 1.00 B 2024 2.00 0.98 - 85,260
3 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 373348.00 2.40 1.00 B 2024 2.00 0.98 - 878,114
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 1,009,238
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1000 VAC COMM 0 0 1.00 1.00 0 208,725.00 47.11 AC 1.00 -
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,833,035
FOLIO ID: 10619320 STRAP: 21-44-25-P1-00100.016A
CARD 1 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
2.46 47.20 116.11 426,249 49,491,771 98% 48,501,936
IMP TYPE 71 - Distribution Warehouse MODEL 6 - WAREHOUSE/INDUSTRIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2022000391637 12/21/2022 11 11 I 9,100,000
 
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 50,008,332 0
BUILDING EXTRA FEATURES 1,038,638 0
LAND EXTRA FEATURES * *
LAND VALUE 9,833,035 9,833,035
COST APPROACH VALUE 60,880,005 9,833,035
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 22,595,913 9,833,035
MARKET VALUE 22,595,913 9,833,035
ADDITIONAL FLOORS CARD 1 of 2 FOLIO:10619320 PARCEL NO: 21-44-25-P1-00100.016A
FLOOR 1
Floor plan
FLOOR 2
Floor plan
   
LEE COUNTY PROPERTY APPRAISER GENERATED ON 1/17/2025 1:00 AM Current Working Values
SITE ADDRESS
4480-4560 DR MARTIN LUTHER KING JR BLVD
OWNER'S NAME
CMT VENTURES LLC
OWNER'S ADDRESS
2996 HANSON ST
FORT MYERS FL 33916
PROPERTY DESCRIPTION
PARCEL OF LAND IN SEC 20 AND 21 TWP 44 RNG 25
AS DESC IN INSTRUMNENT 2022000391637
DOR CODE 10 - VACANT COMMERCIAL
NBHD CODE
55-212.0
ORTIZ CORRIDOR
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 2.0
EXTERIOR WALL 22 PRECAST PANEL
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 12 MODULAR METAL\SHINGLE
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 4.0000 ABOVE AVERAGE
UNITS IN BUILDING UNITS 1.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 2024 16,695 100 16,695   1,355,026
FAIR OFFICE 2024 544 120 653   53,000
MEZZANINE UNFINISHED 2024 1,777 30 533   43,260
SERVICE PRODUCTION AREA 2024 543 125 679   55,110
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 19,559 18,560 1,506,396
          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 L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 20.00 1,500.00 1.00 B 2024 2.00 0.98 - 29,400
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 29,400
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1000 VAC COMM 0 0 1.00 1.00 0 208,725.00 47.11 AC 1.00 -
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,833,035
FOLIO ID: 10619320 STRAP: 21-44-25-P1-00100.016A
CARD 2 of 2
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.70 48.72 82.82 18,560 1,537,139 98% 1,506,396
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
ADDITIONAL FLOORS CARD 2 of 2 FOLIO:10619320 PARCEL NO: 21-44-25-P1-00100.016A
FLOOR 1
Floor plan
FLOOR 2
Floor plan