Storefront with Rear Bay
For Sale
$1,995,000
12538 Palm Beach Blvd, Fort Myers, FL 33905
Commercial Sale, FORT MYERS, FL
Property Size6,000 SF
Lot Size0.35 Acres
Price / SF$332.50
Days on Market169
Property Features for 12538 Palm Beach Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Subdivision
FE07 - East Fort Myers Area
Standard status
Active
APN
30-43-26-01-00008.0370
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FT MYERS SHORES UNIT 1 BLK 8 PB 9 PG 151 LOTS 37 THRU 41
Tax Annual Amount
7584
Legal Description
FT MYERS SHORES UNIT 1 BLK 8 PB 9 PG 151 LOTS 37 THRU 41
Building Details
Year built
1978
Floors in Building
1
Listing Agency:
Downing-Frye Realty Inc
(239) 992-8711
Listed By:
Richard L MacLellan
(508) 221-0777
Added: Apr 29
Changed: Oct 8
Last Checked: Oct 14 at 6:06AM
MLS# 226020322
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,000-square-foot storefront property includes two 10-foot bay doors and two rear ground-level doors. The building was painted in 2026 and received a new roof in 2024. A hurricane shutter covers the full front, and the existing sign is grandfathered.
The property has 175 feet of frontage on Rt 80 and a lot depth of 120 feet. Twelve parking spaces are available, with additional parking behind the building and on a vacant lot. C-1 zoning applies.
The property has 175 feet of frontage on Rt 80 and a lot depth of 120 feet. Twelve parking spaces are available, with additional parking behind the building and on a vacant lot. C-1 zoning applies.
Key Highlights
- 6,000 square feet of storefront space
- Two 10‑foot bay doors and two rear ground‑level doors
- 175 feet of frontage on Rt 80; lot depth is 120 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,710
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,200
$1.6M
Cap Rate 7%
$1,124,429
$1.1M
Cap Rate 9%
$874,556
$874.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$115.9K $19.32/SF
− Vacancy
−$3.5K −$0.58/SF
EGI
$112.4K $18.74/SF
− OpEx
−$33.7K −$5.62/SF
NOI
$78.7K $13.12/SF
Area
Lee County, FL
Vacancy
3.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,200
Cap Rate 7%
$1,124,429
Cap Rate 9%
$874,556
Alternative Uses
Best Use
Retail
$1.12M
$983.9K – $1.31M
NOI $78,710 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,192 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - C-1-zoned space includes two rear ground-level doors and a full-front hurricane shutter.
Where is this storefront property located?
The property is located at 12538 Palm Beach Blvd Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 6,000 square feet of storefront space; Two 10‑foot bay doors and two rear ground‑level doors; 175 feet of frontage on Rt 80; lot depth is 120 feet
