Building Details

Year Built 1974

Buildings 1

Listing Agency: LSI Companies

Listed By: Mike Trivett · License #FL SL3518487 Show Phone

Source: Crexi

Added: Feb 9 Changed: Sep 29 Last Checked: Oct 12 at 6:13PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LSI Companies

Investment Insights

Based on property information with market context.

The property features a 4,212± Sq. Ft. vacant commercial building with 125’ of frontage on S. Cleveland Avenue (US-41). Situated just south of Page Field Airport within a highly active commercial district, the building is currently in shell condition and ready for flexible build-out options. It has the ability to be utilized as a single tenant or demised into multiple units, with doors already in place. The property access from S. Cleveland Avenue (US-41) has a dedicated turn-lane, with 2 right-in right-out points from the property. The property features monument signage and high visibility from S. Cleveland Ave. (US-41), with an AADT of 53,000±. It has the potential for single-tenant or 4 units and includes 10 parking spaces. Commercial zoning allows for a wide variety of uses.

Key Highlights

• High visibility location on S. Cleveland Ave (US‑41) with 53,000± AADT
• Flexible build‑out options for single‑tenant or multiple units
• Dedicated turning lane from S. Cleveland Ave (US‑41)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,254

Cap Rate

3.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,105,080 $1.1M

Cap Rate 7%

$789,343 $789.3K

Cap Rate 9%

$613,933 $613.9K

Market Conditions

NOI Build-Up for 4,212 SF

Gross rent

$81.4K $19.32/SF

− Vacancy

−$2.4K −$0.58/SF

EGI

$78.9K $18.74/SF

− OpEx

−$23.7K −$5.62/SF

NOI

$55.3K $13.12/SF

Area

Lee County, FL

Vacancy

3.00%

Lease Rate

$19.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,105,080

Cap Rate 7%

$789,343

Cap Rate 9%

$613,933

Alternative Uses

Best Use

Retail

$789.3K

$690.7K – $920.9K (±1% cap)

NOI $55,254 @ 7.0% cap · market cap 3.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,799 @ 7.0% cap · market cap 6.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Electrical Service Grocery & Convenience Store Veterinary Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,483

Businesses Nearby

152k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 36% Shops & Services 28% Groceries 14% Apparel 11%

Aldi Groceries

21,667 visits/mo 0.0 miles

Zaxby's Chicken Fingers & Buffalo Wings Dining

13,215 visits/mo 0.4 miles

Circle K Shops & Services

13,129 visits/mo 0.1 miles

Starbucks Dining

12,217 visits/mo 0.4 miles

Wings & Rings Dining

10,786 visits/mo 0.4 miles

Demographics for 33907, FL

24,980

Population

14,125

Households

1.8

Avg Household Size

43

Median Age

26%

College-Educated

89%

High-School Grad

7.3 sq mi

ZIP Area

3,422

Density / Sq Mi

$49,826

Median Household Income

$33,442

Median Earnings

$1,502

Median Rent

$236,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Sherwin-Williams Storefront Property

3415 Forum Boulevard, Fort Myers, FL 33905

$1,980,000

View details

High-Visibility Retail Building in Fort Myers

3418 Fowler St, Fort Myers, FL 33901

$1,620,000

4,580 SF

View details

Occupied Strip Mall with New Roof

13102 Palm Beach BLVD, Fort Myers, FL 33905

$1,239,000

4,500 SF

View details

Open-Concept Retail Space

3145 Royalston Ave, Fort Myers, FL 33916

$824,000

4,360 SF

View details

San Carlos Blvd Commercial Building

16541 San Carlos Blvd, Fort Myers, FL 33908

$1,250,000

3,000 SF

View details

Storefront Building with Bay Doors

12538 Palm Beach Blvd Unit 1, Fort Myers, FL 33905

$1,995,000

6,000 SF

View details

Renovated Commercial Property on Fowler Street

2730 Fowler St, Fort Myers, FL 33901

$999,000

6,200 SF

View details

Multi-Tenant Mixed-Use Building

50 Mildred Dr, Fort Myers, FL 33901

$800,000

5,835 SF

View details

Waterfront Restaurant Property

17501 Harbour Point Dr., Fort Myers, FL 33908

$4,750,000

View details

Neighborhood Center with Overhead Doors

2280-2290 Fowler, Fort Myers, FL 33901

$1,300,000

View details

Flex Space with Solar Power

13371 McGregor Boulevard, Fort Myers, FL 33919

Contact for pricing

4,080 SF

View details

Flex Building with Fenced Yard

3310 Hanson Street, Fort Myers, FL 33916

$2,975,000

1.70 Acres

View details

Frequently Asked Questions

What type of property is this?

Retail space - 4,212 Sq. Ft. commercial building with high visibility.

Where is this retail space located?

The property is located at 11286 S Cleveland Ave Fort Myers, FL.

What is the asking price?

The asking price for this property is $1,485,000.

What are key features of this property?

This property features: High visibility location on S. Cleveland Ave (US‑41) with 53,000± AADT; Flexible build‑out options for single‑tenant or multiple units; Dedicated turning lane from S. Cleveland Ave (US‑41)