North Fort Myers Retail
For Sale
Contact for pricing
1919 N Tamiami Trail, North Fort Myers, FL 33903
Retail property available for sale in North Fort Myers.
Property Size9,833 SF
Price / SF$181.02
Days on Market121
Property Features for 1919 N Tamiami Trail
General Information
Standard status
Active
Size
9,833 SF
Property subtype
Retail
Zoning
CC (Community Commercial)
Building Details
Tenancy
Single
Listing Agency:
Trinity Commercial Group
Listed By:
Eric Strom · License #FL 3359774
(239) 405-9135
Source:
Crexi
Added: May 21
Changed: Sep 11
Last Checked: Sep 18 at 4:53AM
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 Trinity Commercial Group
Investment Insights
Based on property information with market context.
Located at 1919 N Tamiami Trail in North Fort Myers, Florida, this commercial real estate property offers 9,833 square feet of space. The property is suitable for retail and other commercial uses.
Key Highlights
- Located at 1919 N Tamiami Trail, North Fort Myers, FL 33903
- Property built in 1919
- Property is located in North Fort Myers, FL
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
$128,992
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
7.25%
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%
$2,579,840
$2.6M
Cap Rate 7%
$1,842,743
$1.8M
Cap Rate 9%
$1,433,244
$1.4M
Market Conditions
NOI Build-Up for 9,833 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
$190.0K $19.32/SF
− Vacancy
−$5.7K −$0.58/SF
EGI
$184.3K $18.74/SF
− OpEx
−$55.3K −$5.62/SF
NOI
$129.0K $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%
$2,579,840
Cap Rate 7%
$1,842,743
Cap Rate 9%
$1,433,244
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,992 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,641 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Apparel 20%
Dining 12%
Circle K
Shops & Services
10,646 visits/mo
0.5 miles
Goodwill
Apparel
6,381 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,952 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
5,290 visits/mo
0.2 miles
Twistee Treat
Dining
4,030 visits/mo
0.3 miles
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in North Fort Myers.
Where is this retail property located?
The property is located at 1919 N Tamiami Trail North Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Located at **1919 N Tamiami Trail, North Fort Myers, FL 33903**; Property built in 1919; Property is located in North Fort Myers, FL
