Renovated Retail Space with Fenced
For Sale
$1,200,000
2730 Fowler Street, Fort Myers, FL 33901
CommercialSale, Fort Myers, FL
Property Size6,200 SF
Lot Size0.47 Acres
Price / SF$193.55
Days on Market102
Property Features for 2730 Fowler Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
CI
Fencing
Fenced
Directions
From Colonial, north on Fowler, property on the left.
Subdivision
FM03 - Fort Myers Area
Standard status
Active
APN
24-44-24-P3-0260B.0030
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINEHURST ADDN TO BLK B PB 7 PG 3 LOTS 3 THRU 5
Tax Annual Amount
10574
Legal Description
PINEHURST ADDN TO BLK B PB 7 PG 3 LOTS 3 THRU 5
Amenities
fenced rear lot
Building Details
Year built
1955
Floors in Building
1
Listing Agency:
Sea Glass Gulf Realty
(239) 686-3033
Listed By:
Brandon Reitz · License #258024397
(239) 257-5095
Added: May 20
Changed: Aug 26
Last Checked: Aug 29 at 4:06PM
MLS# 2026022904
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes a commercial building renovated from top to bottom in 2023, with updated interiors and finishes. The layout supports three potential units, including an approximately 1,140+/- square foot suite with rear access suited to warehouse or storage use. The property is currently owner occupied and includes a fenced rear lot, on-site parking, and multiple points of ingress and egress.
The 0.466-acre site occupies the corner of Fowler Street and Katherine Street, with approximately 163 feet of Fowler Street frontage and 125 feet along Katherine Street. CI (Commercial Intensive) zoning supports a range of commercial applications identified in the listing, including retail, office, medical, showroom, professional services, contractor operations, and warehouse/storage uses. Traffic counts exceed 20,000 vehicles per day, and the property is near Downtown Fort Myers, US-41, Colonial Boulevard, and Interstate 75.
The 0.466-acre site occupies the corner of Fowler Street and Katherine Street, with approximately 163 feet of Fowler Street frontage and 125 feet along Katherine Street. CI (Commercial Intensive) zoning supports a range of commercial applications identified in the listing, including retail, office, medical, showroom, professional services, contractor operations, and warehouse/storage uses. Traffic counts exceed 20,000 vehicles per day, and the property is near Downtown Fort Myers, US-41, Colonial Boulevard, and Interstate 75.
Key Highlights
- 6,200+/- square foot commercial building on approximately 0.466 acres
- Top‑to‑bottom renovation completed in 2023
- Three potential units, including an approximately 1,140+/- square foot rear‑access suite
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
$81,333
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
6.78%
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%
$1,626,660
$1.6M
Cap Rate 7%
$1,161,900
$1.2M
Cap Rate 9%
$903,700
$903.7K
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
$119.8K $19.32/SF
− Vacancy
−$3.6K −$0.58/SF
EGI
$116.2K $18.74/SF
− OpEx
−$34.9K −$5.62/SF
NOI
$81.3K $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%
$1,626,660
Cap Rate 7%
$1,161,900
Cap Rate 9%
$903,700
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,333 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
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
Lease Details
20,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Groceries 35%
Papa Meat
Groceries
4,970 visits/mo
0.1 miles
Marathon
Shops & Services
4,321 visits/mo
0.3 miles
Marathon
Shops & Services
1,907 visits/mo
0.4 miles
Avis Budget Car Rental
Shops & Services
1,271 visits/mo
0.2 miles
Jiffy Lube
Shops & Services
921 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial layout with updated interiors, rear access, parking, and a secured outdoor storage area.
Where is this retail space 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: 6,200+/- square foot commercial building on approximately 0.466 acres; Top‑to‑bottom renovation completed in 2023; Three potential units, including an approximately 1,140+/- square foot rear‑access suite
