Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5824-5826 Algiers St Fort Myers, FL 33919

    View on Map
    Sponsored
    For Sale
    $399,000

    MULTI_FAMILY - Ranch - Fort Myers, FL

    Type:Single Family Residence
    Lot size:
    0.26 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 26 at 11:06 pm

    Property Features for 5824-5826 Algiers St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1
    Bedrooms
    4
    Bathrooms
    3
    APN
    15-45-24-03-0000C.0080
    Pets allowed
    Yes
    Exterior features
    RoomForPool
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Estrella Ruiz
    Estrella Ruiz

    Smart Realty of Florida

    Listing agent Estrella Ruiz License #258013619

    Listing date Mar 15, 2026

    MLS# 2025025195 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fort Myers Duplex Near McGregor

    This duplex in Fort Myers, Florida, presents an investment opportunity. The property features two units. Unit 1 includes 2 bedrooms and 1 bathroom, while Unit 2 has 2 bedrooms and 2 bathrooms, along with a covered carport. Both units are equipped with crown molding, tile flooring throughout, and central A/C. The property is located near McGregor Blvd. and College Pkwy corridor, providing access to shopping centers, restaurants, schools, and major roadways. Cape Coral, Fort Myers Beach, and the Sanibel-Captiva Islands are within a short drive. The roof was replaced in 2022. The lot size is 0.26 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.903017
    Latitude
    26.563124

    Nearby Similar for Sale

    • $650,000
      4,002 SF

      Office and Warehouse Space

      4002 SF office/warehouse in Fort Myers, Florida.
      12155 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • New
      $749,900
      0.18 Acres

      Income-Producing Body Shop For Sale

      Income-producing body shop with stable lease in place.
      2242 Fowler St, Fort Myers, FL 33901
      View Details
    • $370,000
      0.46 Acres

      Fort Myers Commercial Condo

      Multi-tenant industrial office condo with showroom and warehouse space.
      12165 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • $900,000
      3,000 SF

      Commercial Building on San Carlos Boulevard

      High-traffic location, blank canvas, ideal for various commercial uses.
      16541 San Carlos Blvd, Fort Myers, FL 33908
      View Details
    • $3,500,000
      7,231 SF

      Fort Myers Medical/General Office

      7,231 sq ft medical/general office space for sale.
      3822 Broadway, Fort Myers, FL 33901
      View Details
    • $899,000
      4,850 SF

      Fort Myers Commercial Building For Sale

      4,850 SF CBS building with showroom, offices, and warehouse.
      2119 Fowler St, Fort Myers, FL 33901
      View Details
    • $675,000
      2,384 SF

      Renovated Office/Medical Building in Midtown

      Renovated 2,384 SF office/medical building with multi-tenant potential.
      2080 Collier Ave, Fort Myers, FL 33901
      View Details
    • $385,000
      1.12 Acres

      Established Nursery Business Opportunity

      Turnkey nursery business with residential amenities on a large lot.
      9320 Buckingham Rd, Fort Myers, FL 33905
      View Details
    • $349,900
      0.36 Acres

      Fort Myers Warehouse with Office

      Warehouse with private office, gated access, near airport and I-75.
      3560 Work Dr, Fort Myers, FL 33916
      View Details
    • $154,500
      10,800 SF

      Auto Body Shop Business

      Fully equipped auto body repair shop business for sale.
      1901 Dana Dr, Fort Myers, FL 33907
      View Details
    • $684,140
      1,545 SF

      New Retail Units in Fort Myers

      Modern retail units in a high-growth area with excellent visibility.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • $684,140
      1,545 SF

      New Retail Units in Fort Myers

      Modern retail units in high-growth area with excellent visibility.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with two units near McGregor Blvd. and College Pkwy.
    Where is this duplex located?
    The property is located at 5824-5826 Algiers St Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Investment opportunity: Duplex with two units.; - Prime location near McGregor Blvd. and College Pkwy, with easy access to amenities and beaches.; - Unit 2: Features 2 bedrooms, 2 bathrooms, and a covered carport.
    (239) 878-9307
    Request Owner's contact information
    5824-5826 Algiers St Fort Myers, FL 33919
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5824-5826 Algiers St
    Fort Myers, FL 33919
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5824-5826 Algiers St Fort Myers, FL 33919
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Estrella Ruiz
    Estrella Ruiz
    Real Estate License ID: 258013619
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!