Multi-Building Mixed-Use
New
For Sale
$550,000
1231/1233 Lamar Rd, North Fort Myers, FL 33903
The property combines a cosmetology salon, a separate business suite, and a two-car garage on one parcel.
Property Size2,380 SF
Lot Size0.25 Acres
Price / SF$231.09
Days on Market3
Property Features for 1231/1233 Lamar Rd
General Information
Standard status
Active
Size
2,380 SF
Total Parking Spaces
7
Lot size
0.25 Acres
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Premier Florida Realty of SWFL
Listed By:
Cindy Hawk · License #258017496
(239) 848-7256
Source:
Swflsearch
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 6:24AM
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 Premier Florida Realty of SWFL
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Investment Insights
Based on property information with market context.
Two buildings on a 0.246-acre parcel provide a mix of business space and garage area. The 1,440-square-foot front building is occupied by a cosmetology salon and has two rooftop HVAC units and seven front parking spaces. The rear building includes a 480-square-foot conditioned office area and a two-car garage measuring 460 square feet.
The front building dates to 1965; the rear structure was built in 1990. Improvements include a permitted concrete-block firewall installed in 2004, a 2010 roof replacement with a rubberized coating added in 2021 to the front building, and TPO roofs installed on the rear office in 2020 and garage in 2023. The property is one parcel in from Pondella Road. Salon equipment, furnishings, and the “Details” business name may be negotiated as part of the sale.
The front building dates to 1965; the rear structure was built in 1990. Improvements include a permitted concrete-block firewall installed in 2004, a 2010 roof replacement with a rubberized coating added in 2021 to the front building, and TPO roofs installed on the rear office in 2020 and garage in 2023. The property is one parcel in from Pondella Road. Salon equipment, furnishings, and the “Details” business name may be negotiated as part of the sale.
Key Highlights
- 1,440‑square‑foot front building currently occupied by a cosmetology salon
- Rear building includes a 480‑square‑foot office and 460‑square‑foot, two‑car garage
- Seven parking spaces in front; two rooftop HVAC units at the salon building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,363
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,260
$587.3K
Cap Rate 7%
$419,471
$419.5K
Cap Rate 9%
$326,256
$326.3K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$50.0K $21.00/SF
− Vacancy
−$3.0K −$1.26/SF
EGI
$47.0K $19.74/SF
− OpEx
−$17.6K −$7.40/SF
NOI
$29.4K $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%
$587,260
Cap Rate 7%
$419,471
Cap Rate 9%
$326,256
Alternative Uses
Best Use
Mixed Use
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
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Business Placement
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a cosmetology salon, a separate business suite, and a two-car garage on one parcel.
Where is this mixed-use property located?
The property is located at 1231/1233 Lamar Rd North Fort Myers, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,440‑square‑foot front building currently occupied by a cosmetology salon; Rear building includes a 480‑square‑foot office and 460‑square‑foot, two‑car garage; Seven parking spaces in front; two rooftop HVAC units at the salon building
