Retail Plaza in Fort
13468 Palm Beach Boulevard, Fort Myers, FL 33905
High-visibility retail plaza with diverse tenant mix and potential occupancy.
Type:Commercial/Industrial
Property size:
2,790 SFLot size:
0.27 AcresPrice / SF:
$250/SF- Added:
- Mar 11, 2026
- Days on Market:
- 68
- Last Refresh:
- Apr 6 at 3:03 am
Property Features for 13468 Palm Beach Boulevard
General Information
- Standard status
- Active
- Size
- 2,790 SF
- Lot size
- 0.27 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1958
Listing agent Stephanie Sposato License #3304079
Listing office WEATHERFORD REALTY GROUP LLC (863) 612-0000
Listing date Mar 11, 2026
Source Exitrealty
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 WEATHERFORD REALTY GROUP LLC
HighLights
- High visibility retail plaza with 100' road frontage on Palm Beach Blvd in a busy, rapidly growing area.
- All three units are leased, but the middle unit (approx. 700 SF) could be available for occupancy by a buyer.
- Recently renovated including roof, electrical, plumbing, and parking lot.
- C‑1 zoning allows for a variety of retail, restaurant, medical, and professional office uses.
- Seller financing is an option.
- Long operating history with established tenants (art store, eye doctor, and sign shop).
Overview
This retail plaza is located in the Fort Myers Shores/Riverdale area. The property has 100 feet of road frontage on Palm Beach Boulevard. The building consists of 2,790 square feet divided into 3 units, with 11 parking spaces available. The property is zoned C-1, allowing for a variety of retail, restaurant, medical, and professional offices, as well as food stores and laundromats. The plaza has a history of long-term tenants, including an art store, eye doctor, and sign shop. All units were recently renovated, including the roof, electrical, plumbing, and parking lot. The property is located in a rapidly growing area with high visibility and traffic counts. All three units are currently leased, but the middle unit, approximately 700 square feet, could be available for occupancy by a buyer.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$532.7K
NOI $47,946 @ 9.00% cap · cautious / downside scenario
Moderate
$684.9K
NOI $47,946 @ 7.00% cap · market / base-case scenario
Aggressive
$958.9K
NOI $47,946 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $24.96 |
| − Vacancy | −$5.7k | −$2.05 |
| EGI | $63.9k | $22.91 |
| − OpEx | −$16.0k | −$5.73 |
| NOI | $47.9k | $17.18 |
2,790 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$684.9K
$599.3K – $799.1K
NOI $47,946 @ 7.0% cap · market cap 6.86%
Second Best
Specialty Retail
$632.8K
$553.7K – $738.2K
NOI $44,294 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$878.1K
$768.4K – $1.02M
NOI $61,469 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Go Mobile Signs
(Bike/Boat/Book/etc) Store
Optical Options
(Bike/Boat/Book/etc) Store
Rustic Art World
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Riverdale Shopping Center — 14561 Palm Beach Blvd, Fort Myers, FL 33905
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.7337
- Latitude
- 26.7076
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - High-visibility retail plaza with diverse tenant mix and potential occupancy.
Where is this shopping center located?
The property is located at 13468 Palm Beach Boulevard Fort Myers, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High visibility retail plaza with **100' road frontage on Palm Beach Blvd** in a busy, rapidly growing area.; All three units are leased, but the middle unit (approx. 700 SF) could be available for occupancy by a buyer.; **Recently renovated** including roof, electrical, plumbing, and parking lot.
