Retail & Industrial Investment
2941 Fowler St, Fort Myers, FL 33901
For Sale
Contact for pricing
High visibility retail and industrial space for sale.
Property Size10,000 SF
Price / SF$240
Days on Market254
Property Features for 2941 Fowler St
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Building Details
Year Built
Tenancy
Listing Agency:
Mayhugh Commercial Advisors
Listed By:
Chase Mayhugh, SIOR, CCIM · License FL BK3053987
(239) 898-9685
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Apr 13 at 7:58PM
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 Mayhugh Commercial Advisors
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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 property presents a retail and industrial investment opportunity. The property offers 10000 square feet of space. It is located on Fowler St in Fort Myers, FL 33901.
Key Highlights
- High visibility
- Retail investment opportunity
- Industrial investment opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,183
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,623,660
$2.6M
Cap Rate 7%
$1,874,043
$1.9M
Cap Rate 9%
$1,457,589
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$193.2K $19.32/SF
− Vacancy
−$5.8K −$0.58/SF
EGI
$187.4K $18.74/SF
− OpEx
−$56.2K −$5.62/SF
NOI
$131.2K $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%
$2,623,660
Cap Rate 7%
$1,874,043
Cap Rate 9%
$1,457,589
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.19M
NOI $131,183 @ 7.0% cap · market cap 5.47%
Second Best
Industrial
$1.64M
$1.44M – $1.91M
NOI $114,848 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,320 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
990
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
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Fort Myers, FL
Properties on Market for Retail space in Fort Myers
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail space - High visibility retail and industrial space for sale.
Where is this retail space located?
The property is located at 2941 Fowler St Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High visibility; Retail investment opportunity; Industrial investment opportunity
