Mixed-Use Commercial
For Sale
Contact for pricing
16641 San Carlos Boulevard, Fort Myers, FL 33908
Dual commercial zoning supports office, retail, restaurant, and service-oriented uses.
Property Size5,965 SF
Lot Size1.41 Acres
Price / SF$318.52
Days on Market48
Property Features for 16641 San Carlos Boulevard
General Information
Standard status
Active
Size
5,965 SF
Lot size
1.41 Acres
Property subtype
Mixed Use
Zoning
Commercial C1-A, Community Commercial CC
Investment Type
Redevelopment
Building Details
Year Built
1956
Buildings
2
Listing Agency:
LSI Companies
Listed By:
Alec Burke · License #FL SL3548362
(563) 505-2197
Source:
Crexi
Added: Aug 27
Changed: Sep 12
Last Checked: Oct 12 at 8:20PM
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 LSI Companies
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines approximately 1.41 acres with 5,965 square feet of existing improvements. The 1956-built asset offers a redevelopment path or continued operation with flexible leases already in place. Its 285± feet of road frontage and dual Commercial C1-A and Community Commercial CC zoning support a range of office, retail, restaurant, and service-oriented applications.
The property occupies a gateway corridor serving Fort Myers Beach and nearby residential communities. Summerlin Road is approximately 0.5 miles away, while McGregor Boulevard is 1.2 miles distant. Fort Myers Beach is 3.2 miles away, US 41 is 5.6 miles away, and I-75 is 11.5 miles from the site. Sanibel Island, downtown Fort Myers, Southwest Florida International Airport, and Captiva Island are also within the stated surrounding-area distances.
The property occupies a gateway corridor serving Fort Myers Beach and nearby residential communities. Summerlin Road is approximately 0.5 miles away, while McGregor Boulevard is 1.2 miles distant. Fort Myers Beach is 3.2 miles away, US 41 is 5.6 miles away, and I-75 is 11.5 miles from the site. Sanibel Island, downtown Fort Myers, Southwest Florida International Airport, and Captiva Island are also within the stated surrounding-area distances.
Key Highlights
- 1.41± acres combined with 5,965 square feet of existing improvements
- 285± feet of road frontage
- Commercial C1‑A and Community Commercial CC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,593
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,860
$1.5M
Cap Rate 7%
$1,051,329
$1.1M
Cap Rate 9%
$817,700
$817.7K
Market Conditions
NOI Build-Up for 5,965 SF
Gross rent
$125.3K $21.00/SF
− Vacancy
−$7.5K −$1.26/SF
EGI
$117.7K $19.74/SF
− OpEx
−$44.2K −$7.40/SF
NOI
$73.6K $12.34/SF
Area
Lee County, FL
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,860
Cap Rate 7%
$1,051,329
Cap Rate 9%
$817,700
Alternative Uses
Best Use
Mixed Use
$1.05M
$919.9K – $1.23M
NOI $73,593 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,421 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Dual commercial zoning supports office, retail, restaurant, and service-oriented uses.
Where is this mixed-use property located?
The property is located at 16641 San Carlos Boulevard Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 1.41± acres combined with 5,965 square feet of existing improvements; 285± feet of road frontage; Commercial C1‑A and Community Commercial CC zoning
