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    12995 S Cleveland Ave Fort Myers, FL 33907

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    Two-story, 13,365 SF medical/professional building in Fort Myers.

    Property size:
    13,365 SF

    Property Features for 12995 S Cleveland Ave

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Size
    13,365 SF

    Building Details

    Year built
    1983

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    Listing Contact
    Jake Lurie
    Source: Crexi

    Listing Agency: Matthews Listing Agent: Jake Lurie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical/Professional Office Building For Sale

    This two-story medical and professional office building, encompassing 13,365 square feet, is located in Fort Myers. It offers a compelling opportunity for an owner-user or value-add investor. The property includes a mix of occupied and vacant suites, with established tenants such as Radiology Science Institute and Town Roofing. The significant vacancy provides immediate upside through lease-up and the ability to curate tenant mix, rental rates, and long-term positioning. Flexible suite configurations across both floors accommodate a variety of medical and professional uses, including imaging, dental, therapy, and general office users. The property is strategically positioned along S. Cleveland Avenue (US-41), Fort Myers’ most established retail and medical corridor, and benefits from exceptional visibility, strong traffic counts, and direct proximity to Bell Tower Shops, Lee Health facilities, regional hospitals, and dense residential neighborhoods. The surrounding concentration of healthcare providers and professional offices continues to drive consistent tenant demand, making this one of the most stable and sought-after commercial nodes in Southwest Florida. With below-market in-place rents and strong medical demand fundamentals, the asset presents a clear opportunity to reposition and stabilize within a high-barrier-to-entry location.
    Location Intelligence

    Current Use by Public Records

    Guns Galore of Fort ... Gun Shop Executive Bullion (Bike/Boat/Book/etc) Store Legacy Construction Group ... General Contractor Healthcare & Therapy Services ... Medical Clinic First Care Medical ... Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Fort Myers Veterinary Hospital, Banfield Pet Hospital, Florida Vet On Wheels

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.870587
    Latitude
    26.5529599

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    FAQs

    What type of property is this?
    Medical Office Space - Two-story, 13,365 SF medical/professional building in Fort Myers.
    Where is this medical office space located?
    The property is located at 12995 S Cleveland Ave Fort Myers, FL.
    What are key features of this property?
    This property features: - Significant vacancy provides immediate upside through lease-up and tenant curation.; - Strategically positioned on S. Cleveland Avenue (US-41) in Fort Myers' established retail and medical corridor.; - Flexible suite configurations accommodate a variety of medical and professional uses.
    (813) 488-0853
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    12995 S Cleveland Ave Fort Myers, FL 33907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12995 S Cleveland Ave Fort Myers, FL 33907
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    Listing Contact
    Jake Lurie
    Real Estate License ID: SL3510801
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