Single-Tenant NNN
For Sale
Contact for pricing
14361 N CLEVELAND AVE, North Fort Myers, FL 33907
Freestanding showroom and warehouse with an absolute-net leaseback and direct US-41 frontage.
Property Size10,205 SF
Lot Size2.02 Acres
Price / SF$352.77
Days on Market63
Property Features for 14361 N CLEVELAND AVE
General Information
Standard status
Active
Size
10,205 SF
Class
A
Lot size
2.02 Acres
Property subtype
Retail, Industrial, Land
Zoning
C-1
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$240,000
Financials
Asking Price
$3,600,000
Cap Rate
6.67%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2002
Buildings
1
Stories
1
Units
1
Tenancy
Single
Building Size
10,205 SF
Construction
steel frame and metal panel
Abandoned
No
Listing Agency:
Beachfront Realty, Inc. Miami Beach
Listed By:
Samuel Heskiel · License #3374968
(305) 405-0615
Source:
Crexi
Added: Aug 7
Changed: Oct 4
Last Checked: Oct 7 at 12:33PM
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 Beachfront Realty, Inc. Miami Beach
Investment Insights
Based on property information with market context.
This freestanding commercial property combines showroom and warehouse space within a 10,205-square-foot building on 2.02 acres. Constructed in 2002 with steel-frame and metal-panel components, the building is offered with a five-year absolute-net leaseback. The agreement includes 3.5% annual escalations and two additional five-year options at fair market value.
The property fronts US-41 on North Cleveland Avenue in North Fort Myers, placing the asset along Lee County’s primary commercial corridor. Approximately 1.3–1.4 usable acres are designated C-1 and may accommodate outdoor storage or future expansion, as stated in the offering information. The transaction reflects a 6.67% going-in cap rate.
The property fronts US-41 on North Cleveland Avenue in North Fort Myers, placing the asset along Lee County’s primary commercial corridor. Approximately 1.3–1.4 usable acres are designated C-1 and may accommodate outdoor storage or future expansion, as stated in the offering information. The transaction reflects a 6.67% going-in cap rate.
Key Highlights
- 10,205 SF freestanding showroom/warehouse on 2.02 acres
- Five‑year absolute‑net leaseback with 3.5% yearly escalations
- Two five‑year options at fair market value
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,872
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,677,440
$2.7M
Cap Rate 7%
$1,912,457
$1.9M
Cap Rate 9%
$1,487,467
$1.5M
Market Conditions
NOI Build-Up for 10,205 SF
Gross rent
$197.2K $19.32/SF
− Vacancy
−$5.9K −$0.58/SF
EGI
$191.2K $18.74/SF
− OpEx
−$57.4K −$5.62/SF
NOI
$133.9K $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 Rate 5%
$2,677,440
Cap Rate 7%
$1,912,457
Cap Rate 9%
$1,487,467
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,872 @ 7.0% cap · market cap 3.72%
Second Best
Warehouse
$1.49M
$1.30M – $1.73M
NOI $104,049 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,837 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 33907, FL
24,980
Population
14,125
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
3,422
Density / Sq Mi
$49,826
Median Household Income
$33,442
Median Earnings
$1,502
Median Rent
$236,700
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
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding showroom and warehouse with an absolute-net leaseback and direct US-41 frontage.
Where is this nnn property located?
The property is located at 14361 N CLEVELAND AVE North Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 10,205 SF freestanding showroom/warehouse on 2.02 acres; Five‑year absolute‑net leaseback with 3.5% yearly escalations; Two five‑year options at fair market value
