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    3775 Fowler St Fort Myers, FL 33901
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    3775 Fowler St, Fort Myers, FL 33901

    View on Map
    • Retail space
    • 2,728 SF
    • 0.99 lot acres
    For Sale
    $2,025,000
    View Listing →
    Profitable Fort Myers Investment Property For Sale
    $2,025,000
    12,778 SF

    Profitable Fort Myers Investment Property

    Free-standing building with 12 fully leased units and ample parking.

    3775 Fowler St, Fort Myers, FL 33901
    View Listing
    Property ID
    US18-4619085
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brazil Southwest International Market - Loja Do Chico / Restaurant
    • Essential Money Transfer / Bank / Credit Union

    Property Details for 3775 Fowler St

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.99 lot acres
    Zone code
    C1
    Property type
    Retail space
    APN
    36-44-24-P2-00200.006A
    APU
    364424P200200006A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 5, 2015 $800,000 Ab Milk LLC Rojas,manuel H & Vayola S Warranty Deed $400k · Manuel H & Vayola S Rojas

    Description

    This exceptional retail opportunity in Fort Myers, Florida, presents a combined store and warehouse space ideal for a variety of businesses. Located at 3775 Fowler St #6, this 750-square-foot unit offers 375 square feet of retail space and an equally sized warehouse area, perfect for inventory storage or workshop needs. The property boasts two dedicated parking spaces directly in front, providing convenient access for customers and employees. Situated within a plaza featuring ample parking, this location benefits from high visibility and foot traffic in a bustling Fort Myers commercial area. The zip code is 33901. The unit's versatile layout makes it suitable for various businesses requiring both retail display and storage, such as cellphone repair, boat or jet ski repair, or auto repair shops. This single-tenant space is ready for immediate occupancy. The property's APN is 36 44 24 P2 00200 006A. While this listing focuses on this specific 750 square foot unit, additional units are available within the same plaza for those seeking larger spaces. This is a fantastic chance to establish a thriving business in a high-traffic location. The property is classified as retail with a single tenancy. The total building suite count is 0.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8612
    Latitude
    26.6072
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,074
    $162,662
    $782,899
    $945,561
    -
    $162,662
    $782,899
    $945,561

    Comparable in this City

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      8,328 SF

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    • Value Estimation
      $905,000
      6,888 SF

      3792 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
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      4426 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      4426 Cleveland Ave, Fort Myers, FL 33901-9010
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    • Value Estimation by Request
      14,129 SF

      2403 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      2403 Cleveland Ave, Fort Myers, FL 33901-4904
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    • Value Estimation
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      1,740 SF

      4480 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      4480 Cleveland Ave, Fort Myers, FL 33901-9053
      View Details
    • Value Estimation by Request
      1,392 SF

      3547 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      3547 Cleveland Ave, Fort Myers, FL 33901-7903
      View Details

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      Profitable Fort Myers Investment Property

      Free-standing building with 12 fully leased units and ample parking.
      3775 Fowler St, Fort Myers, FL 33901
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      10,000 SF

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    Similar Nearby for Lease

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      Retail Space in Downtown Fort Myers

      High-traffic retail space in the heart of downtown Fort Myers.
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      Retail Suites in Fort Myers

      Flexible commercial suites available in a neighborhood retail center.
      3068-3082 Fowler St, Fort Myers, FL 33901
      View Details
    View Listing
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    Fort Myers, FL 33901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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