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

    5660 Bayshore Rd North Fort Myers, FL 33917

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Long-term lease with corporate guaranty in growing trade area.

    Property size:
    46,320 SF
    Lot size:
    6.88 Acres

    Property Features for 5660 Bayshore Rd

    General Information

    Size
    46,320 SF
    Lot size
    6.88 Acres

    We can help!

    Listing Contact
    Chris Lind
    Source: Moodyscre

    Listing Agent: Chris Lind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    ALDI Grocery Store Investment Opportunity

    This property features a longstanding grocery store, currently a Winn-Dixie, that is slated for conversion to an ALDI following ALDI's acquisition of Winn-Dixie's parent company in 2024. The lease has 15.5 years remaining with a corporate guaranty. The surrounding trade area is experiencing growth, with a population of 104,921 residents within a five-mile radius. Households in the immediate area are projected to increase by more than 11% by 2028. The property benefits from high traffic volume, with over 43,000 cars per day along Bayshore Road. ALDI operates more than 2,400 stores in 40 states and plans to open 800 new stores nationwide over the next 3 years through a combination of new store openings and store conversions. The property size is 46,320 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8646942
    Latitude
    26.6872047

    Nearby Similar for Sale

    • $1,350,000
      0.63 Acres

      Multi-Bay Industrial Investment Opportunity

      Five-bay industrial warehouse in North Fort Myers with income streams.
      7521 Aluminum Rd, North Fort Myers, FL 33903
      View Details
    • $1,395,000
      2,670 SF

      Move-in Ready Restaurant in North

      Restaurant property in move-in ready condition with indoor/outdoor seating.
      4400 Hancock Bridge Pkwy, North Fort Myers, FL 33903
      View Details
    • $1,400,000
      0.50 Acres

      Remodeled Freestanding Building on Bayshore

      Remodeled office building with high visibility and ample parking.
      6350 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $1,350,000
      3,460 SF

      Restaurant on US 41 Available

      Freestanding restaurant with drive-thru and high visibility on US 41.
      1130 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • $559,000
      3,634 SF

      Spacious Duplex with Pool and Upgrades

      Unique duplex ideal for living and generating rental income.
      5879 Littlestone Ct, North Fort Myers, FL 33903
      View Details
    • New
      $2,400,000
      50.00 Acres

      Equestrian Property with Large Home

      50+ acre equestrian estate with home, barns, and lake.
      20371 Williams Dr, North Fort Myers, FL 33917
      View Details
    • $1,395,000
      2.53 Acres

      Mobile Home Park Opportunity

      Mobile home park with 23 units and development potential.
      344-380 San Jose St, North Fort Myers, FL 33903
      View Details
    • $199,500
      0.35 Acres

      North Fort Myers Triplex Investment

      Triplex in North Fort Myers with income potential.
      8281 Sevigny Dr, North Fort Myers, FL 33917
      View Details
    • $375,000
      0.24 Acres

      Updated Duplex in North Fort Myers

      Updated duplex ideal for investment or multi-generational living.
      51-55 Lake St, North Fort Myers, FL 33903
      View Details
    • $1,750,000
      0.83 Acres

      North Fort Myers Commercial Building

      8,126 sq ft commercial building on 0.83 acres.
      1357 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • $59,000
      0.05 Acres

      RV Lot in 55+ Community

      Deeded RV lot with shed in North Fort Myers.
      243 Caravan Cir, North Fort Myers, FL 33903
      View Details
    • $99,900
      0.13 Acres

      Water Access Lot in 55+ Community

      55+ community with Gulf access, marina, and many amenities.
      14665 Paul Revere Loop, North Fort Myers, FL 33917
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Long-term lease with corporate guaranty in growing trade area.
    Where is this grocery and convenience store located?
    The property is located at 5660 Bayshore Rd North Fort Myers, FL.
    What are key features of this property?
    This property features: - Longstanding Winn-Dixie Grocery Store is Being Converted to an ALDI Following ALDI's Acquisition of Winn-Dixie's Parent Company in 2024; - **15.5 Years Remaining on Lease Term with Corporate Guaranty**; - Accessible to More Than 43,000 Cars per Day Along Bayshore Road
    (602) 370-9255 Call to check price and availability
    Request Owner's contact information
    5660 Bayshore Rd North Fort Myers, FL 33917
    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.
    5660 Bayshore Rd
    North Fort Myers, FL 33917
    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
    5660 Bayshore Rd North Fort Myers, FL 33917
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Lind
    (602) 370-9255 (602) 687-6700 (602) 687-6780
    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!