Profitable Fort Myers Investment
3775 Fowler ST Fort Myers, FL 33901
3775 Fowler ST, Fort Myers, FL, 33901
$2,025,000
For Sale
$2,025,000
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 Market133
Property Features for 3775 Fowler ST
General Information
- Standard status
- Active
- Size
- 12,778 SF
- Lot size
- 0.99 Acres
- Property subtype
- Commercial
Listing Agency
Legacy Plus Realty Inc
(786) 702-2390
Listed by
Renato Machado Cazulli · License #3347253
(786) 702-2390
Source
Elliman
Added: Mar 10 Updated: Jul 6 at 10:43 am Checked: Jul 20 at 5:09 am
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
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $246.9k | $19.32 |
| − Vacancy | −$7.4k | −$0.58 |
| EGI | $239.5k | $18.74 |
| − OpEx | −$71.8k | −$5.62 |
| NOI | $167.6k | $13.12 |
12,778 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,864 @ 7.0% cap · market cap 10.02%
Second Best
Retail
$2.39M
$2.10M – $2.79M
NOI $167,625 @ 7.0% cap · market cap 8.28%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brazil Southwest International ...
Restaurant
Essential Money Transfer
Bank
Similar For Sale Nearby
FAQs
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.
