Renovated Commercial Property on Fowler
For Sale
$1,200,000
2730 Fowler Street, Fort Myers, FL 33901
Fully renovated commercial building with flexible space in Fort Myers.
Property Size6,200 SF
Lot Size0.46 Acres
Price / SF$193.55
Days on Market164
Property Features for 2730 Fowler Street
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.46 Acres
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
Sea Glass Gulf Realty
(239) 257-5095
Listed By:
Brandon Reitz · License #258024397
(239) 333-2411
Source:
Johnrwood
Added: Mar 19
Changed: Aug 28
Last Checked: Aug 28 at 5:28PM
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 Sea Glass Gulf Realty
Investment Insights
Based on property information with market context.
This is a 6,200 square foot commercial property situated on approximately 0.46 acres at the corner of Fowler Street and Katherine Street in Fort Myers. The property is zoned CI (Commercial Intensive), which allows for a wide range of commercial uses such as retail, office, medical, showroom, professional services, and warehouse operations. Originally constructed in 1955, the building was fully renovated in 2023, providing modernized interiors and functionality. The building is currently owner-occupied and configured into three potential units, offering flexibility for owner-users, investors, or future multi-tenant occupancy. One suite includes approximately 1,140 square feet of warehouse or storage space with rear access. The site features approximately 163 feet of frontage on Fowler Street and 125 feet on Katherine Street, providing visibility and signage exposure along a corridor with traffic counts exceeding 20,000 vehicles per day. Additional features include on-site parking, multiple ingress and egress points, and a large fenced rear lot suitable for storage, fleet parking, or operational use. The property is located near Downtown Fort Myers, US-41, and Colonial Boulevard.
Key Highlights
- Fully renovated in 2023, offering modernized interiors and functionality.
- Located on a highly visible corner with high traffic counts (over 20,000 vehicles per day).
- Zoned CI (Commercial Intensive), allowing for a wide range of commercial uses.
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
$106,547
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
8.88%
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%
$2,130,940
$2.1M
Cap Rate 7%
$1,522,100
$1.5M
Cap Rate 9%
$1,183,856
$1.2M
Market Conditions
NOI Build-Up for 6,200 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
$154.8K $24.96/SF
− Vacancy
−$12.7K −$2.05/SF
EGI
$142.1K $22.91/SF
− OpEx
−$35.5K −$5.73/SF
NOI
$106.5K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,130,940
Cap Rate 7%
$1,522,100
Cap Rate 9%
$1,183,856
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.78M
NOI $106,547 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$1.16M
$1.02M – $1.36M
NOI $81,333 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,598 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully renovated commercial building with flexible space in Fort Myers.
Where is this mixed-use property located?
The property is located at 2730 Fowler Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully renovated in 2023, offering modernized interiors and functionality.; Located on a highly visible corner with high traffic counts (over 20,000 vehicles per day).; Zoned CI (Commercial Intensive), allowing for a wide range of commercial uses.
