Five-Tenant Retail Strip
13102 Palm Beach Boulevard, Fort Myers, FL 33905
For Sale
$1,395,000
CommercialSale, Fort Myers, FL
Property Size4,500 SF
Lot Size0.40 Acres
Price / SF$310
Days on Market90
Property Features for 13102 Palm Beach Boulevard
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
RE/MAX Gulf Coast Living · RE/MAX International
(239) 693-1959
Listed By:
Travis Ronco · License #258034285
(239) 834-7161
Added: Aug 10
Changed: Nov 4
Last Checked: Nov 7 at 3:06PM
MLS# 2026029157
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The retail property contains approximately 4,500 square feet and is occupied by five tenants: State Farm, a nail salon, a realty office, a salon spa, and a legal firm. Built in 1988, the building has a new roof and updated interiors. Its 0.404-acre parcel fronts Palm Beach Boulevard, also designated SR 80.
The site is on a major arterial carrying roughly 35,000+ vehicles per day, with direct highway frontage and access described as easy. The property is near Verandah and Riverhall in East Fort Myers.
The site is on a major arterial carrying roughly 35,000+ vehicles per day, with direct highway frontage and access described as easy. The property is near Verandah and Riverhall in East Fort Myers.
Key Highlights
- Approximately 4,500 SF on a 0.404‑acre parcel
- Five tenants occupy the building: State Farm, nail salon, realty office, salon spa, and legal firm
- Built in 1988; features a new roof and updated interiors
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
35,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied by five businesses, the property combines diversified tenancy with Palm Beach Boulevard frontage.
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: Approximately 4,500 SF on a 0.404‑acre parcel; Five tenants occupy the building: State Farm, nail salon, realty office, salon spa, and legal firm; Built in 1988; features a new roof and updated interiors
