Building Details

Building Size 1,680 SF

Year Built 1962

Stories 1

Listing Agency: PARADISE EXCLUSIVE REAL ESTATE Show Phone

Listed By: Chris Lee · License #3132930 Show Phone

Source: Capehazerealestate

Added: Oct 30 Last Checked: Oct 30 at 2:21PM

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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 PARADISE EXCLUSIVE REAL ESTATE

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Investment Insights

Based on property information with market context.

This 1,680-square-foot auto repair and paint facility includes a paint booth and a fenced yard. Built in 1962, it is located at 2830 Saint Charles Street S in Fort Myers, near downtown.

Key Highlights

• Paint booth included in the auto repair and paint facility
• 1,680 square feet of building area
• Fenced yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,039

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,780 $440.8K

Cap Rate 7%

$314,843 $314.8K

Cap Rate 9%

$244,878 $244.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$32.5K $19.32/SF

− Vacancy

−$974 −$0.58/SF

EGI

$31.5K $18.74/SF

− OpEx

−$9.4K −$5.62/SF

NOI

$22.0K $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 Rate 5%

$440,780

Cap Rate 7%

$314,843

Cap Rate 9%

$244,878

Alternative Uses

Best Use

Retail

$314.8K

$275.5K – $367.3K (±1% cap)

NOI $22,039 @ 7.0% cap · market cap 4.90%

Second Best

Industrial

$219.1K

$191.7K – $255.6K (±1% cap)

NOI $15,336 @ 7.0% cap · market cap 3.41%

Theoretical Best

Office A

$528.8K

$462.7K – $616.9K (±1% cap)

NOI $37,014 @ 7.0% cap · market cap 8.23%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Bakery Gym & Fitness Center Catering Service

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

Location Intelligence

Trade Area within ½ mile

764

Businesses Nearby

8k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

6,247 visits/mo 0.5 miles

Marathon Shops & Services

1,907 visits/mo 0.3 miles

Demographics for 33916, FL

25,940

Population

12,480

Households

2.1

Avg Household Size

34

Median Age

21%

College-Educated

81%

High-School Grad

10.3 sq mi

ZIP Area

2,518

Density / Sq Mi

$49,353

Median Household Income

$32,770

Median Earnings

$1,363

Median Rent

$242,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• APM GARAGE — 2835 Powell St, Fort Myers, FL 33901
• Dick Hillman Auto Care — 2835 Powell St, Fort Myers, FL 33901
• Real Deal Tires — 2800 fowler st, fort myers, fl 33901
• Heavy Duty Tire LLC — 2804 Fowler St, Fort Myers, FL 33901
• Apm Auto Repair & Custom — 2835 Powell St, Fort Myers, FL 33901

Frequently Asked Questions

What type of property is this?

Auto shop - The IL-zoned property includes a fenced yard and is situated near downtown Fort Myers.

Where is this auto shop located?

The property is located at 2830 Saint Charles Street S Fort Myers, FL.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Paint booth included in the auto repair and paint facility; 1,680 square feet of building area; Fenced yard