Building Details

Year Built 1940

Listing Agency: Cornerstone Coastal Properties

Listed By: Nicole Pistone · License #258023882 Show Phone

Source: Swfloridarealestate

Added: Aug 20 Changed: Oct 15 Last Checked: Oct 7 at 4:52PM

Report an Issue

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 Cornerstone Coastal Properties

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail space provides approximately 1,500 square feet within a commercial unit built in 1940. The open interior can accommodate reception, private offices, showroom functions, or general workspace, allowing the layout to be organized around different business requirements. A1 zoning supports professional, retail, and service-oriented uses as stated in the property information.

The unit is located at 208 4th St Unit A1 in Fort Myers, Florida, with street frontage and visibility along the property’s exposure. Its configuration is suited to businesses that need a combination of customer-facing area and adaptable workspace.

Key Highlights

• Approximately ±1,500 sq ft commercial unit
• A1 zoning supports professional, retail, and service‑based uses
• Open interior layout for reception, offices, showroom, or workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,677

Suggested Prices Based on Cap Rates

Cap Rate 5%

$393,540 $393.5K

Cap Rate 7%

$281,100 $281.1K

Cap Rate 9%

$218,633 $218.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$29.0K $19.32/SF

− Vacancy

−$869 −$0.58/SF

EGI

$28.1K $18.74/SF

− OpEx

−$8.4K −$5.62/SF

NOI

$19.7K $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%

$393,540

Cap Rate 7%

$281,100

Cap Rate 9%

$218,633

Alternative Uses

Best Use

Office B

$368.2K

$322.2K – $429.6K (±1% cap)

NOI $25,777 @ 7.0% cap · market cap 1,520.77%

Second Best

Retail

$281.1K

$246.0K – $328.0K (±1% cap)

NOI $19,677 @ 7.0% cap · market cap 1,160.88%

Theoretical Best

Office A

$472.1K

$413.1K – $550.8K (±1% cap)

NOI $33,048 @ 7.0% cap · market cap 1,949.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Morgan Manufacturing Industrial Manufacturer The Extractor Industrial Manufacturer StarFive Towing, Transport, ... Auto Repair Shop Professional Security Inc Security Service Lawn Cash for Cars ... Car Dealership

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store Florist Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

802

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Fourth-Floor Office Unit

3949 Evans Ave Unit 404, Fort Myers, FL 33901

Contact for pricing

1,400 SF

View details

Fully Built-Out Office Suite

404-3949 Evans Ave, Fort Myers, FL 33901

Contact for pricing

1,400 SF

View details

Flex Space with Roll-Up Door

13861 Plantation Road, #103, Fort Myers, FL 33912

$649,999

View details

Industrial-Flex Condominium Unit

A26-12960 Commerce Lakes Dr, Fort Myers, FL 33913

$379,000

1,475 SF

View details

Flex Condominium Unit

12960 Commerce Lakes Dr Unit A26, Fort Myers, FL 33913

$379,000

1,475 SF

View details

Retail Space in Alico Plaza

8156 Alico Rd #Unit 10, Fort Myers, FL 33912

$665,665

1,463 SF

View details

Move-In Ready Medical Office Condo

6371 Presidential Court, Fort Myers, FL 33919

Contact for pricing

1,425 SF

View details

Office Space in Fort Myers

6290 Corporate Court, Fort Myers, FL 33919

Contact for pricing

1,260 SF

View details

Medical Office Suite with Existing Buildout

6202 Presidential Ct Ste A, Fort Myers, FL 33919

$389,500

2,050 SF

View details

Move-In Ready Office Suite

A-6226 Presidential Ct, Fort Myers, FL 33919

Contact for pricing

7,000 SF

View details

Office Unit with Conference Room

6226 Presidential Ct, Fort Myers, FL 33919

Contact for pricing

7,000 SF

View details

Flexible Medical Office Suite

1949 Maravilla Ave, Fort Myers, FL 33901

Contact for pricing

1,200 SF

View details

Frequently Asked Questions

What type of property is this?

Retail space - A1-zoned commercial unit with a flexible interior configuration for professional, retail, or service-based operations.

Where is this retail space located?

The property is located at 208 4th St A1 Fort Myers, FL.

What are key features of this property?

This property features: Approximately ±1,500 sq ft commercial unit; A1 zoning supports professional, retail, and service‑based uses; Open interior layout for reception, offices, showroom, or workspace