Five-Tenant Retail
13102 Palm Beach Boulevard, Fort Myers, FL 33905
For Sale
New
$1,395,000
Its tenant mix spans insurance, personal care, real estate, and legal services.
Property Size4,500 SF
Price / SF$310
Days on Market2
Property Features for 13102 Palm Beach Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
true
1
false
0.404
Appraiser
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
(352) 306-3806
Listed By:
Zhay Robles
Source:
Optimaonerealty
Added: Nov 6
Last Checked: Nov 6 at 11:48AM
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 Zhay Robles
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Investment Insights
Based on property information with market context.
Built in 1988, this 4,500 SF retail property in Fort Myers is occupied by five tenants. Businesses include State Farm, a nail salon, a salon and spa, a real estate office, and a law firm. The building has a new roof and updated interiors.
The property fronts Palm Beach Boulevard (SR 80), which carries roughly 35,000+ vehicles per day. The location is near Verandah and Riverhall.
The property fronts Palm Beach Boulevard (SR 80), which carries roughly 35,000+ vehicles per day. The location is near Verandah and Riverhall.
Key Highlights
- 4,500 SF retail property built in 1988
- Fully occupied by five tenants across insurance, personal care, real estate, and legal services
- Frontage on Palm Beach Boulevard (SR 80), with roughly 35,000+ vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,032
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,640
$1.2M
Cap Rate 7%
$843,314
$843.3K
Cap Rate 9%
$655,911
$655.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$86.9K $19.32/SF
− Vacancy
−$2.6K −$0.58/SF
EGI
$84.3K $18.74/SF
− OpEx
−$25.3K −$5.62/SF
NOI
$59.0K $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%
$1,180,640
Cap Rate 7%
$843,314
Cap Rate 9%
$655,911
Alternative Uses
Best Use
Retail
$843.3K
$737.9K – $983.9K
NOI $59,032 @ 7.0% cap · market cap 4.23%
Second Best
Mixed Use
$793.1K
$694.0K – $925.3K
NOI $55,519 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,144 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Domino's Pizza
Dining
1,746 visits/mo
0.2 miles
Beach Pizza
Dining
485 visits/mo
0.2 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
Frequently Asked Questions
What type of property is this?
Strip mall - Its tenant mix spans insurance, personal care, real estate, and legal services.
Where is this strip mall located?
The property is located at 13102 Palm Beach Boulevard Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 4,500 SF retail property built in 1988; Fully occupied by five tenants across insurance, personal care, real estate, and legal services; Frontage on Palm Beach Boulevard (SR 80), with roughly 35,000+ vehicles per day
