Neighborhood Center with Overhead
For Sale
$1,300,000
2280-2290 Fowler, Fort Myers, FL 33901
Seven suites on a prominent corner lot offer flex, office, and retail configurations with overhead doors.
Property Size9,474 SF
Days on Market163
Property Features for 2280-2290 Fowler
General Information
Standard status
Active
Size
9,474 SF
Property subtype
Retail
Building Details
Building Size
9,474 SF
Year Built
1954
Listing Agency:
SVN - Commercial Partners | Fort Myers
Listed By:
Lisa Sands · License #BK562289
(239) 470-5582
Source:
Svn
Added: May 14
Changed: Oct 3
Last Checked: Oct 23 at 3:29AM
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 SVN - Commercial Partners | Fort Myers
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This neighborhood center is situated on a prominent corner lot and includes seven separate suites featuring a flexible mix of flex space, office, and retail configurations. Several of the spaces are designed with overhead doors, providing practical functionality for a variety of uses.
The property offers approximately 250 feet of frontage on Fowler Street and is positioned in a well-traveled commercial corridor. Public remarks note strong daily traffic of approximately 23,000 AADT.
With multiple suite layouts, the center can support an owner-user seeking occupancy while also having the option to offset expenses with tenants located on-site. The property is within a Fort Myers CRA redevelopment area, as stated in the remarks.
The property offers approximately 250 feet of frontage on Fowler Street and is positioned in a well-traveled commercial corridor. Public remarks note strong daily traffic of approximately 23,000 AADT.
With multiple suite layouts, the center can support an owner-user seeking occupancy while also having the option to offset expenses with tenants located on-site. The property is within a Fort Myers CRA redevelopment area, as stated in the remarks.
Key Highlights
- Neighborhood center with 7 suites on a prominent corner lot on Lafayette and Fowler
- Approximately 250 ft of frontage on Fowler Street
- Strong traffic corridor with 23,000 AADT
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,641
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,072,820
$2.1M
Cap Rate 7%
$1,480,586
$1.5M
Cap Rate 9%
$1,151,567
$1.2M
Market Conditions
NOI Build-Up for 9,474 SF
Gross rent
$170.5K $18.00/SF
− Vacancy
−$11.1K −$1.17/SF
EGI
$159.4K $16.83/SF
− OpEx
−$55.8K −$5.89/SF
NOI
$103.6K $10.94/SF
Area
Lee County, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,072,820
Cap Rate 7%
$1,480,586
Cap Rate 9%
$1,151,567
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.71M
NOI $162,810 @ 7.0% cap · market cap 12.52%
Second Best
Retail
$1.78M
$1.55M – $2.07M
NOI $124,283 @ 7.0% cap · market cap 9.56%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,731 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Best of the Best Distributors — 2737 Lafayette St, Fort Myers, FL 33916
- Crab Cake Hotline SWFL Food Truck — Fort Myers, FL 33901
- Q's Culinary Creations, LLC — Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Flex space - Seven suites on a prominent corner lot offer flex, office, and retail configurations with overhead doors.
Where is this flex space located?
The property is located at 2280-2290 Fowler Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Neighborhood center with 7 suites on a prominent corner lot on Lafayette and Fowler; Approximately 250 ft of frontage on Fowler Street; Strong traffic corridor with 23,000 AADT
