4434-4458 S Cleveland Ave Fort Myers, FL 33901
100% leased retail center with immediate cash flow.
Property Features for 4434-4458 S Cleveland Ave
General Information
- Standard status
- Active
- Size
- 22,170 SF
- Lot size
- 2.10 Acres
- Property subtype
- Retail
Listing office REALTY ONE GROUP MVP
Listing date Mar 21, 2026
Source Crexi
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 REALTY ONE GROUP MVP
Investment Insights
Based on property information with market context.
Key Highlights
- 100% Leased NNN Retail Center with Immediate Cash Flow and Built‑in Upside.
- Enjoy a ~9.7% Cap Rate and Stabilized NOI.
- Located in Fort Myers' Cleveland Avenue Redevelopment Area with potential for grants and incentives.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $428.3k | $19.32 |
| − Vacancy | −$12.8k | −$0.58 |
| EGI | $415.5k | $18.74 |
| − OpEx | −$124.6k | −$5.62 |
| NOI | $290.8k | $13.12 |
Alternative Uses
Property Analytics
Current Use by Public Records
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