Commercial Strip Plaza with
15630 MCGREGOR BOULEVARD Fort Myers, FL 33908
For Sale
$1,100,000
Pending
Six-unit plaza with warehouse, updated and ready for retail/office.
Property Size6,400 SF
Lot Size0.80 Acres
Days on Market655
Property Features for 15630 MCGREGOR BOULEVARD
General Information
Standard status
Pending
Size
6,400 SF
Lot size
0.80 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
KELLER WILLIAMS REALTY FT MYER
(239) 462-6885
Listed By:
Jessica Nolan · License #3223347
(239) 462-6885
Source:
Exitrealty
Added: Oct 12, 2024
Changed: Jul 6
Last Checked: Jul 27 at 3:51AM
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 KELLER WILLIAMS REALTY FT MYER
Investment Insights
Based on property information with market context.
This commercial strip plaza features six units and a warehouse, totaling 6,400 square feet. Zoned CN1, the property is suitable for various retail, office, or business uses. A spacious, paved parking lot is located at the front for tenants and customers, with a large rear lot available for tenant use. Updated LED lighting with dusk-to-dawn sensors enhances security and convenience. A new sewer line was installed in 2004, and sewer clean outs were replaced in 2023. The marquis sign was replaced in 2023 after Hurricane Ian. The building exterior has been refreshed with stucco repairs, a new paint job, and new gutters installed in 2023. The roofing system was updated with a new rolled flat roof and metal mansard, inspected and finalized in 2023. New soffit vents and lighting, including a reinstalled LED parking lot light at the front, improve curb appeal and functionality. In 2024, all backflows were replaced. Each unit has been individually updated over the years to meet modern standards. Unit 101 received a new split AC unit in 2018. Unit 103 was remodeled in 2021 with new flooring, paint, and interior wall changes, followed by a new split AC unit in 2023. Unit 104 underwent an interior remodel in 2006, including electrical and plumbing upgrades. Unit 105 received a new rooftop AC system in May 2024. Unit 106 has a new AC package unit from 2015, repiped plumbing with PVC from 2019, and window films replaced in September 2023. The property is located in a high-demand area of Fort Myers near Fort Myers Beach and Sanibel. Currently, there are four tenants in place and two vacant units. The property is located at 15630 MCGREGOR BOULEVARD, FORT MYERS, FL 33908.
Key Highlights
- Income‑generating commercial strip plaza with 6 units and a warehouse (6,400 sq ft) in a high‑demand area.
- CN1 zoning allows for a variety of retail, office, or business uses.
- Significant recent updates (2023‑2024) including new roof, exterior paint/stucco, gutters, LED lighting, marquis sign, backflows, and sewer clean outs.
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.6k | $19.32 |
| − Vacancy | −$3.7k | −$0.58 |
| EGI | $119.9k | $18.74 |
| − OpEx | −$36.0k | −$5.62 |
| NOI | $84.0k | $13.12 |
6,400 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,984 @ 7.0% cap · market cap 10.00%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $83,957 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $141,005 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Six-unit plaza with warehouse, updated and ready for retail/office.
Where is this strip mall located?
The property is located at 15630 MCGREGOR BOULEVARD Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Income‑generating commercial strip plaza with 6 units and a warehouse (6,400 sq ft) in a high‑demand area.; CN1 zoning allows for a variety of retail, office, or business uses.; Significant recent updates (2023‑2024) including new roof, exterior paint/stucco, gutters, LED lighting, marquis sign, backflows, and sewer clean outs.
