Profitable Fort Myers Investment
For Sale
$2,025,000
3775 Fowler ST, Fort Myers, FL 33901
Well-maintained, fully leased mixed-use building with long-term tenants.
Property Size12,778 SF
Lot Size0.99 Acres
Price / SF$158.48
Days on Market566
Property Features for 3775 Fowler ST
General Information
Standard status
Active
Size
12,778 SF
Lot size
0.99 Acres
Property subtype
Retail
Building Details
Building Size
12,778 SF
Listing Agency:
Legacy Plus Realty Inc
Listed By:
Renato Machado Cazulli · License #3347253
(786) 702-2390
Source:
Relinkre
Added: Apr 2, 2025
Changed: Oct 13
Last Checked: Oct 16 at 3:49PM
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 Legacy Plus Realty Inc
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Investment Insights
Based on property information with market context.
This free-standing building in Fort Myers presents an investment opportunity. The property features a new roof, fresh exterior paint, and recently replaced HVAC systems. Spanning 12,778 square feet on a 43,260 square foot lot, the building includes 12 fully leased units. Current tenants include a restaurant/mini market that has been operating in the same location for over 30 years, as well as businesses such as car maintenance, car dealership, window tinting, property management, event salon, beauty salon, and upholstery services. A 40-space parking lot accommodates tenants and customers. The income-generating property is operating at a 6% cap rate.
Key Highlights
- Income‑generating property operating at a 6% cap rate.
- 12 fully leased units providing immediate rental income.
- Prime location in the heart of Fort Myers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,649
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,152,980
$3.2M
Cap Rate 7%
$2,252,129
$2.3M
Cap Rate 9%
$1,751,656
$1.8M
Market Conditions
NOI Build-Up for 12,778 SF
Gross rent
$268.3K $21.00/SF
− Vacancy
−$16.1K −$1.26/SF
EGI
$252.2K $19.74/SF
− OpEx
−$94.6K −$7.40/SF
NOI
$157.6K $12.34/SF
Area
Lee County, FL
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,152,980
Cap Rate 7%
$2,252,129
Cap Rate 9%
$1,751,656
Alternative Uses
Best Use
Mixed Use
$2.25M
$1.97M – $2.63M
NOI $157,649 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,525 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained, fully leased mixed-use building with long-term tenants.
Where is this mixed-use property located?
The property is located at 3775 Fowler ST Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Income‑generating property operating at a 6% cap rate.; 12 fully leased units providing immediate rental income.; Prime location in the heart of Fort Myers.
