Sign Up Successful!
You now have access to more from Realmo!
    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

    12205 1St St Fort Myers, FL 33907

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $635,000

    Shovel-ready commercial land with drive-thru entitlement in Fort Myers.

    Property size:
    32,012 SF
    Lot size:
    0.74 Acres

    Property Features for 12205 1St St

    General Information

    Size
    32,012 SF
    Lot size
    0.74 Acres

    We can help!

    Listing Contact
    Tom Woodyard
    Tom Woodyard
    Source: Moodyscre

    Listing Agent: Tom Woodyard

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

    Learn more

    Overview

    Entitled Commercial Land For Sale

    This is a fully entitled commercial land parcel, shovel-ready and approved for a drive-thru. The site plan allows for a 4,425 square foot building with 23 parking spaces. The Development Order and Certificate of Concurrency have been issued. Over $102,000 has been invested in engineering, environmental studies, surveying, and permitting fees. The property is positioned on a high-profile commercial corner directly across from the Verandah, just east of SR 31, with road frontage on three sides, including approximately 175 feet on SR 80/Palm Beach Blvd. It is situated in a strong residential and commercial growth area, near the new Caloosa Pointe Center, which is currently under construction on the northeast corner of SR 80 and SR 31.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.7554082
    Latitude
    26.7033085

    Nearby Similar for Sale

    • $5,250,000
      1.69 Acres

      Fort Myers Medical/Office Building

      Medical/office building in Fort Myers, great for owner or investor.
      12731 New Brittany Blvd, Fort Myers, FL 33907
      View Details
    • $3,999,997
      Pending

      Southern Fresh Farms: Agricultural Haven

      4.76 acre agricultural property with multiple revenue streams.
      8500 Penzance Blvd, Fort Myers, FL 33912
      View Details
    • $197,500
      0.08 Acres

      RV Lot with Tiki and Privacy

      Beautiful RV lot with Tiki, outdoor bar, and privacy.
      10323 Fire Flag Trl, Fort Myers, FL 33905
      View Details
    • $235,000
      0.07 Acres

      RV Resort Lot with Amenities

      RV resort lot featuring a shed with full bathroom and kitchen.
      10331 Fire Flag Trl, Fort Myers, FL 33905
      View Details
    • $164,900
      0.07 Acres

      RV Resort Lot in Fort Myers

      Private, landscaped RV lot with gazebo and shed in resort.
      5114 Cypress Trl Resort Cir, Fort Myers, FL 33905
      View Details
    • $175,000
      0.08 Acres

      Private RV Lot in Fort Myers

      Pie-shaped RV lot with lush landscaping and resort amenities.
      5459 Cypress Trl Resort Cir, Fort Myers, FL 33905
      View Details
    • $850,000
      0.30 Acres

      Updated Triplex: Income-Producing Potential

      Remodeled triplex with spacious units and ample parking.
      1531/1533 Hough St, Fort Myers, FL 33901
      View Details
    • $310,000
      0.09 Acres

      Sunset Lake RV Lot

      Paved RV lot with tiki, outdoor kitchen, and shed.
      5301 Cypress Trl Resort Cir, Fort Myers, FL 33905
      View Details
    • $265,000
      Pending

      Income-Producing Duplex in Fort Myers

      Duplex with two units, each featuring 2 bedrooms and 1 bathroom.
      1652 Cypress Dr, Fort Myers, FL 33907
      View Details
    • $215,000
      0.07 Acres

      RV Lot with Tiki

      Private RV lot with amenities in Fort Myers resort.
      5202 Marsh Mallow Trl, Fort Myers, FL 33905
      View Details
    • $425,000
      0.26 Acres

      Fort Myers Income-Producing Duplex

      Well-maintained duplex in Fort Myers with strong investment potential.
      5826 Algiers St, Fort Myers, FL 33919
      View Details
    • $191,500
      0.08 Acres

      RV Resort Lot with Gazebo

      RV-ready lot with gazebo, shed, and utilities in resort.
      5490 Cypress Trl Resort Cir, Fort Myers, FL 33905
      View Details

    FAQs

    What type of property is this?
    Commercial land - Shovel-ready commercial land with drive-thru entitlement in Fort Myers.
    Where is this commercial land located?
    The property is located at 12205 1St St Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: - Fully entitled with Drive-Thru, shovel ready.; - High profile commercial corner location directly across from the Verandah.; - Road frontage on three sides, including **175\u00b1 feet on SR 80/Palm Beach Blvd.**
    (239) 425-6000
    Request Owner's contact information
    12205 1St St Fort Myers, FL 33907
    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.
    12205 1St St
    Fort Myers, FL 33907
    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
    12205 1St St Fort Myers, FL 33907
    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
    Tom Woodyard
    Tom Woodyard
    Real Estate License ID: FL 500709
    (239) 425-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.