Church Facility with
For Sale
$5,985,000
2120 Collier Ave Unit 2120, Fort Myers, FL 33901
Two-building property combines worship, administrative, retail, dining, and commercial kitchen areas in a flexible downtown setting.
Property Size36,356 SF
Price / SF$164.62
Days on Market951
Property Features for 2120 Collier Ave Unit 2120
General Information
Standard status
Active
Size
36,356 SF
Property subtype
General Commercial
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$912
Amenities
large courtyard
industrial roll-up doors
commercial-grade kitchen
multiple shower facilities
bathrooms
star-link
sanctuary
dining hall
3
CG
Building Details
Year Built
1981
Buildings
2
Stories
1
Building Size
36,356 SF
Tenancy
Single
Abandoned
No
Listing Agency:
SVN Commercial Partners
(941) 961-7109
Listed By:
Matthew Tuccio · License #3470726
Source:
Xome
Added: Jan 24, 2024
Changed: Aug 30
Last Checked: Aug 31 at 2:15PM
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 SVN Commercial Partners
Investment Insights
Based on property information with market context.
This 36,356 sq ft religious facility at 2120 Collier Ave Unit 2120 includes two buildings arranged around a substantial central courtyard. Building features include a sanctuary with stage and baptismal, dining hall, front-facing administrative office and retail areas, and a commercial-grade kitchen. Multiple roll-up doors open toward the courtyard, including industrial doors suited to loading activity. The property also has multiple shower facilities, seven bathrooms, a sprinkler system, and Starlink service.
Located in downtown Fort Myers on a cul-de-sac, the property offers a more contained setting while remaining within the downtown area. The dining hall can function as an extension of the sanctuary or as an event venue, and the overall configuration is currently operating as a religious facility.
Located in downtown Fort Myers on a cul-de-sac, the property offers a more contained setting while remaining within the downtown area. The dining hall can function as an extension of the sanctuary or as an event venue, and the overall configuration is currently operating as a religious facility.
Key Highlights
- 36,356 sq ft two‑building religious facility
- Central courtyard positioned between Building A and Building B
- Sanctuary includes a stage and baptismal
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$476,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,538,560
$9.5M
Cap Rate 7%
$6,813,257
$6.8M
Cap Rate 9%
$5,299,200
$5.3M
Market Conditions
NOI Build-Up for 36,356 SF
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.
Gross rent
$702.4K $19.32/SF
− Vacancy
−$21.1K −$0.58/SF
EGI
$681.3K $18.74/SF
− OpEx
−$204.4K −$5.62/SF
NOI
$476.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,538,560
Cap Rate 7%
$6,813,257
Cap Rate 9%
$5,299,200
Alternative Uses
Best Use
Office B
$8.93M
$7.81M – $10.41M
NOI $624,776 @ 7.0% cap · market cap 10.44%
Second Best
Retail
$6.81M
$5.96M – $7.95M
NOI $476,928 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$11.44M
$10.01M – $13.35M
NOI $800,995 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Two-building property combines worship, administrative, retail, dining, and commercial kitchen areas in a flexible downtown setting.
Where is this church & religious facility located?
The property is located at 2120 Collier Ave Unit 2120 Fort Myers, FL.
What is the asking price?
The asking price for this property is $5,985,000.
What are key features of this property?
This property features: 36,356 sq ft two‑building religious facility; Central courtyard positioned between Building A and Building B; Sanctuary includes a stage and baptismal
