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

    155 Bay Rd Fort Myers Beach, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two parcels totaling 0.90 acres in Fort Myers Beach.

    Type:LAND
    Lot size:
    0.90 Acres
    Added:
    May 6, 2024
    Days on Market:
    715
    Last Refresh:
    Apr 5 at 11:07 pm

    Property Features for 155 Bay Rd

    General Information

    Standard status
    Active
    Lot size
    0.90 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Matt Messier, SIOR, CCIM

    Listing agent Matt Messier, SIOR, CCIM

    Listing office Foundry Commercial - Corporate

    Listing date May 6, 2024

    Source Moodyscre

    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 Foundry Commercial - Corporate

    Overview

    Fort Myers Beach Land Opportunity

    The subject property comprises two parcels, totaling approximately 0.90 acres, situated in Fort Myers Beach, Florida. It features frontage on Bay Road, Oak Street, and School Street. The site is located between a public elementary school and a public library. A former church facility is present on the property. The existing buildings, totaling approximately 9,635 square feet, sustained significant damage from Hurricane Ian in 2022. The current zoning designation is Institutional, which allows for churches, schools, daycares, and government buildings. Duplex residential use is also permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9391
    Latitude
    26.4482

    Nearby Similar for Sale

    • $5,799,000

      Freestanding Commercial Property on San Carlos

      3. 5-acre commercial property with versatile retail/restaurant space.
      17650 San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $999,000

      Waterfront Land on Fort Myers Beach

      Rare waterfront property with Gulf access and development potential.
      75 Mound Rd lot: 5, FORT MYERS BEACH, FL 33931
      View Details
    • $965,000

      Prime Gulfside Corner Parcel

      Cleared lot near beach access, ready for new construction.
      2370 Estero Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $684,000

      Commercial Condo in Downtown Hub

      Spacious ground floor unit in vibrant Fort Myers Beach.
      450 Old San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $739,500

      Waterfront Land with Boat Slips

      Unique boating community with deep water access and income potential.
      12110 Siesta Drive, Fort Myers Beach, FL 33931
      View Details
    • $949,000

      Oversized Lot Near Times Square

      0.2097-acre lot near Times Square in Fort Myers Beach.
      180 Donora Blvd lot: 13, FORT MYERS BEACH, FL 33931
      View Details
    • $75,000

      Deep-Water Dock in Prime Location

      Prime deep-water dock with direct Gulf access in Fort Myers.
      Dock #60 4351 Bay Beach Lane, Fort Myers Beach, FL 33931
      View Details
    • $199,000

      Deep-Water Boat Slip with Lift

      55' boat slip with lift and Gulf access.
      B24 4187 Bay Beach Lane, Fort Myers Beach, FL 33931
      View Details
    • $3,900,000

      Mixed-Use Redevelopment Opportunity, Fort Myers

      Mixed-use redevelopment opportunity in the heart of Fort Myers Beach.
      440 Old San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $549,000

      Gulf-Access Homesite with Deeded Beach Access

      Coastal living with income potential in Fort Myers Beach, FL.
      8033 ESTERO BOULEVARD, FORT MYERS BEACH, FL 33931
      View Details
    • $1,750,000

      Prime Commercial Corner Lot

      High-visibility commercial land on Fort Myers Beach's main corridor.
      2450 Estero Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $45,000

      Casa Marina Boat Dock

      Deep-water boat slip in Fort Myers Beach community.
      Dock #56 4351 Bay Beach Lane, Fort Myers Beach, FL 33931
      View Details

    FAQs

    What type of property is this?
    Land - Two parcels totaling 0.90 acres in Fort Myers Beach.
    Where is this land located?
    The property is located at 155 Bay Rd Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Large 0.90‑acre land parcel in Fort Myers Beach; Institutional zoning allows for diverse uses; Located between a public elementary school and public library
    (407) 540-7700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Messier, SIOR, CCIM
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!