Freestanding Auto
For Sale
$1,600,000
3045 Fowler Street, Fort Myers, FL 33901
CommercialSale, Fort Myers, FL
Property Size8,048 SF
Lot Size0.58 Acres
Price / SF$198.81
Days on Market172
Property Features for 3045 Fowler Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CI
Fencing
Fenced
Directions
fowler street use GPS
Subdivision
FM04 - Fort Myers Area
Standard status
Active
APN
25-44-24-P2-00100.015F
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EAST STADLER FARMS PB 5 PG 6 PT LOT 15 OR 1243 PG 52
Tax Annual Amount
13751
Legal Description
EAST STADLER FARMS PB 5 PG 6 PT LOT 15 OR 1243 PG 52
Amenities
pylon signage
Building Details
Year built
1981
Floors in Building
1
Listing Agency:
Armada Real Estate, Inc.
(239) 788-2738
Listed By:
Michael Frey · License #258034852
(239) 246-4483
Added: Mar 18
Changed: Aug 20
Last Checked: Sep 5 at 5:06PM
MLS# 2026013257
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 freestanding auto shop comprises approximately 8,048 SF within a 0.575-acre site. The building was constructed in 1981 using concrete block construction and includes pylon signage, fencing, and frontage along Fowler Street. The property is positioned for automotive, retail, or service-related occupancy based on the uses identified for the site.
Fowler Street carries approximately 27,697 AADT, while the Fowler Street and Hanson Street intersection records more than 43,000 vehicles per day. The address is 3045 Fowler Street, Fort Myers, Florida 33901, with stated connectivity to Downtown Fort Myers, Colonial Boulevard, I-75, and US-41. The property is also described as being near the Edison Mall area and within the Cape Coral-Fort Myers MSA.
Fowler Street carries approximately 27,697 AADT, while the Fowler Street and Hanson Street intersection records more than 43,000 vehicles per day. The address is 3045 Fowler Street, Fort Myers, Florida 33901, with stated connectivity to Downtown Fort Myers, Colonial Boulevard, I-75, and US-41. The property is also described as being near the Edison Mall area and within the Cape Coral-Fort Myers MSA.
Key Highlights
- Approximately 8,048 SF freestanding commercial building
- 0.575‑acre site with a fenced perimeter
- Concrete block construction completed in 1981
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
Yes
Paved road 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- 1-800 RADIATOR & A/C — 4010 Warehouse Rd B, Fort Myers, FL 33916
- Jones Service & Repair — 3476 Fowler St, Fort Myers, FL 33901
- Fort Myers Mobile Mechanic — 3079 Warehouse Rd, Fort Myers, FL 33916
Frequently Asked Questions
What type of property is this?
Auto shop - Concrete block commercial building with pylon signage, fencing, and a location along Fowler Street’s established business corridor.
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: Approximately 8,048 SF freestanding commercial building; 0.575‑acre site with a fenced perimeter; Concrete block construction completed in 1981
