Freestanding Automotive/Service
For Sale
$1,600,000
3045 Fowler Street, Fort Myers, FL 33901
Freestanding concrete block commercial building with pylon signage and strong frontage on a major thoroughfare.
Property Size8,048 SF
Lot Size0.58 Acres
Price / SF$198.81
Days on Market296
Property Features for 3045 Fowler Street
General Information
Standard status
Active
Size
8,048 SF
Lot size
0.58 Acres
Property subtype
Commercial
Site & Location
Traffic Count
27,697 vehicles/day
Highway Access
Yes
Building Details
Year Built
1981
Listing Agency:
Armada Real Estate,Inc.
(239) 246-4483
Listed By:
Michael Frey · License #258034852
(239) 415-5881
Source:
Cthomeseekers
Added: Nov 1, 2025
Changed: Aug 23
Last Checked: Aug 22 at 11:03AM
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 Armada Real Estate,Inc.
Investment Insights
Based on property information with market context.
The property is a freestanding commercial building constructed with concrete block and presented as an automotive- and service-oriented opportunity. The offering includes long-term use potential for automotive, retail, or service-related concepts, supported by prominent frontage and pylon signage.
Located along Fowler Street in Fort Myers, the site is positioned for visibility from a heavily traveled corridor. The remarks cite approximately 27,697 AADT on Fowler Street, and indicate high-volume nearby intersection activity at Fowler St & Hanson St. The corridor provides access to regional routes connecting Downtown Fort Myers, Colonial Blvd, and I-75.
The site is described as approximately 0.58 acres, and the building is described as approximately 8,048 SF. Bike and walk scores in the remarks are 50 (bikeable) and 66 (somewhat walkable).
Located along Fowler Street in Fort Myers, the site is positioned for visibility from a heavily traveled corridor. The remarks cite approximately 27,697 AADT on Fowler Street, and indicate high-volume nearby intersection activity at Fowler St & Hanson St. The corridor provides access to regional routes connecting Downtown Fort Myers, Colonial Blvd, and I-75.
The site is described as approximately 0.58 acres, and the building is described as approximately 8,048 SF. Bike and walk scores in the remarks are 50 (bikeable) and 66 (somewhat walkable).
Key Highlights
- Freestanding commercial building with approx. 8,048 SF and concrete block construction (Year built: 1981)
- Approx. 0.58‑acre site with strong frontage and pylon signage along Fowler Street
- Approx. 27,697 AADT on Fowler Street; Fowler St & Hanson St intersections see 43,000+ vehicles per day
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
$105,576
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
6.60%
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%
$2,111,520
$2.1M
Cap Rate 7%
$1,508,229
$1.5M
Cap Rate 9%
$1,173,067
$1.2M
Market Conditions
NOI Build-Up for 8,048 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
$155.5K $19.32/SF
− Vacancy
−$4.7K −$0.58/SF
EGI
$150.8K $18.74/SF
− OpEx
−$45.2K −$5.62/SF
NOI
$105.6K $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%
$2,111,520
Cap Rate 7%
$1,508,229
Cap Rate 9%
$1,173,067
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,576 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$1.05M
$918.4K – $1.22M
NOI $73,468 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$2.53M
$2.22M – $2.96M
NOI $177,314 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,697 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 44%
Home Improvements & Furnishings 7%
Popeyes Louisiana Kitchen
Dining
6,347 visits/mo
0.2 miles
Marathon
Shops & Services
4,321 visits/mo
0.2 miles
Avis Budget Car Rental
Shops & Services
1,271 visits/mo
0.4 miles
Graybar
Home Improvements & Furnishings
1,064 visits/mo
0.2 miles
Jiffy Lube
Shops & Services
921 visits/mo
0.2 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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Similar Off Market Nearby
- US 41 tires & auto repair — 3539 Cleveland Ave, Fort Myers, FL 33901
- Heritage Automotive Corporation — 3621 cleveland ave, fort myers, fl 33901
- Fort Myers Mobile Mechanic — 3079 Warehouse Rd, Fort Myers, FL 33916
- 1-800 RADIATOR & A/C — 4010 Warehouse Rd B, Fort Myers, FL 33916
- Jones Service & Repair — 3476 Fowler St, Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding concrete block commercial building with pylon signage and strong frontage on a major thoroughfare.
Where is this auto shop located?
The property is located at 3045 Fowler Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding commercial building with approx. 8,048 SF and concrete block construction (Year built: 1981); Approx. 0.58‑acre site with strong frontage and pylon signage along Fowler Street; Approx. 27,697 AADT on Fowler Street; Fowler St & Hanson St intersections see 43,000+ vehicles per day
