Commercial Land with Block
For Sale
$1,355,000
870 Buttonwood DR, Fort Myers Beach, FL 33931
A three-lot commercial parcel includes an existing concrete block building.
Property Size7,000 SF
Price / SF$193.57
Days on Market1263
Property Features for 870 Buttonwood DR
General Information
Standard status
Active
Size
7,000 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$7,101
Building Details
Building Size
7,000 SF
Year Built
1979
Listing Agency:
Florida's Realty LLC
(239) 823-0143
Listed By:
Holly Olson · License #258019518
(800) 811-9873
Source:
Alfredrobbins
Added: May 15, 2023
Changed: Oct 26
Last Checked: Oct 26 at 3:04PM
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 Florida's Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property spans 1.160 acres across three lots and includes a concrete block building constructed in 1979. The site previously housed a seafood distribution business serving wholesale and retail customers.
Located on San Carlos Island, the property is less than half a mile from the Fort Myers Beach bridge.
Located on San Carlos Island, the property is less than half a mile from the Fort Myers Beach bridge.
Key Highlights
- 1.160‑acre commercial property
- Three lots with multiple zoning classifications
- Concrete block building constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,371
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,420
$1.4M
Cap Rate 7%
$1,019,586
$1.0M
Cap Rate 9%
$793,011
$793.0K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$88.2K $12.60/SF
− Vacancy
−$4.2K −$0.60/SF
EGI
$84.0K $12.00/SF
− OpEx
−$12.6K −$1.80/SF
NOI
$71.4K $10.20/SF
Area
Lee County, FL
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,420
Cap Rate 7%
$1,019,586
Cap Rate 9%
$793,011
Alternative Uses
Best Use
Warehouse
$1.02M
$892.1K – $1.19M
NOI $71,371 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,224 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A three-lot commercial parcel includes an existing concrete block building.
Where is this commercial land located?
The property is located at 870 Buttonwood DR Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: 1.160‑acre commercial property; Three lots with multiple zoning classifications; Concrete block building constructed in 1979
