Commercial Building on Palm Beach
For Sale
$2,200,000
12538 Palm Beach Blvd 1, Fort Myers, FL 33905
6,000 sq ft commercial building with extra lot.
Property Size6,000 SF
Lot Size0.48 Acres
Price / SF$366.67
Days on Market71
Property Features for 12538 Palm Beach Blvd 1
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.48 Acres
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
(508) 221-0777
Listed By:
Richard L MacLellan
(508) 221-0777
Source:
Elliman
Added: May 21
Changed: Jul 10
Last Checked: Jul 30 at 7:49AM
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 Richard L MacLellan
Investment Insights
Based on property information with market context.
This commercial building, located at 12538 & 12546 Palm Beach Blvd in Fort Myers, Florida, offers 6,000 square feet of space. The building was recently painted in 2026 and will have a new roof in 2024. A grandfathered sign is included. The property features 175 feet of frontage on Route 80 and a lot depth of 120 feet. There are 12 parking spaces, with additional parking available on the vacant lot and behind the building. Hurricane shutters cover the entire front of the building. The building includes two 10-foot bay doors and two rear ground-level doors. An extra lot is included in the price, bringing the total acreage to 0.48. The building can be vacated with a signed Purchase and Sale agreement, with a negotiable closing period of 30-60 days.
Key Highlights
- Grandfathered signage on high‑traffic Rt 80 (Palm Beach Blvd) offers excellent visibility.
- New roof installed in 2024.
- 6,000 sq ft commercial building on a .48 acre lot.
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 | $115.9k | $19.32 |
| − Vacancy | −$3.5k | −$0.58 |
| EGI | $112.4k | $18.74 |
| − OpEx | −$33.7k | −$5.62 |
| NOI | $78.7k | $13.12 |
6,000 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.12M
$983.9K – $1.31M
NOI $78,710 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,192 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Mobil
Shops & Services
7,810 visits/mo
0.1 miles
7-Eleven
Shops & Services
3,327 visits/mo
0.1 miles
Domino's Pizza
Dining
1,746 visits/mo
0.4 miles
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- April Flowers LLC — 13005 Palm Beach Blvd, Fort Myers, FL 33905
Frequently Asked Questions
What type of property is this?
Storefront property - 6,000 sq ft commercial building with extra lot.
Where is this storefront property located?
The property is located at 12538 Palm Beach Blvd 1 Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Grandfathered signage on high‑traffic Rt 80 (Palm Beach Blvd) offers excellent visibility.; New roof installed in 2024.; 6,000 sq ft commercial building on a .48 acre lot.
