LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/10/2025 6:34 AM Current Working Values
SITE ADDRESS
402 JOAN AVE N
OWNER'S NAME
TMS INVESTMENT LLC
OWNER'S ADDRESS
7220 PIMLICO LN
PARKLAND FL 33067
PROPERTY DESCRIPTION
LEHIGH ACRES UNIT 4 REPLT
BLK 29 PB 15 PG 70
LOTS 1 + 2 + 19 + 20 LESS INSTRUMENT 2023000238932
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 21 STONE
ROOF STRUCTURE 10 STEEL FRAME OR TRUSS
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 7 VINYL TILE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
UNITS IN BUILDING UNITS 5.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1988 9,830 100 9,830   *
FINISHED OPEN PORCH 1988 1,095 30 328   *
   
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 10,925 10,158 0
          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 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 26780.00 4.00 1.00 L 1988 2.00 0.60 - *
2 OHDOR L OVERHEAD DOOR - LARGE 10X10 OR LARGER 0.00 0.00 1.00 1,500.00 1.00 B 1989 2.00 0.60 - *
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  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 C-2 0 0 1.00 1.00 0 4.00 39,709.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 158,836
FOLIO ID: 10621964 STRAP: 25-44-26-L4-04029.0010
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.89 127.00 113.03 10,158 1,148,159 60% 688,895
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
2023000238932 7/7/2023 18 18 I 2,636
 
 
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 158,836
COST APPROACH VALUE * *
INCOME APPROACH VALUE 1,807,535 1,807,535
SALES APPROACH VALUE * *
MARKET VALUE * 1,807,535
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.