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Leased Retail Center in Fort Myers

4434-4458 S Cleveland Ave Fort Myers, FL 33901

4434-4458 S Cleveland Ave, Fort Myers, FL, 33901
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100% leased retail center with immediate cash flow.

Property Size22,170 SF
Lot Size2.10 Acres
Price / SF$248.08
AddedMar 21
Days on Market117
Last RefreshJul 5 at 12:36 pm

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.

This 21,075 square foot multi-tenant shopping center is situated on 2.1 acres in Fort Myers, Florida. The property is 100% occupied by 13 tenants under NNN leases, offering a diversified mix of restaurants, salons, retail, and services. The center is located at the signalized corner of Cleveland Avenue and Colonial Boulevard, directly across from Edison Mall, in a high-traffic Southwest Florida corridor surrounded by national retailers such as Wawa, Starbucks, Hooters, and Best Buy. The triple-net lease structure places responsibility for taxes, insurance, and maintenance on the tenants. The property is located within the City of Fort Myers’ Cleveland Avenue Redevelopment Area, where the Community Redevelopment Agency (CRA) is investing in streetscape improvements, placemaking, and infrastructure upgrades. The CRA offers incentives including matching grants for property improvements, TIF funding, stormwater credits, and tax benefits. The property is suitable for buyers seeking high-yield Florida retail.

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
22,170 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$4.15M
$3.64M – $4.85M (±1% cap)
NOI $290,832 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.98M
$6.11M – $8.14M (±1% cap)
NOI $488,449 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Electrical Service Big Box & Wholesale Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Florist Butcher Food Market Bed & Breakfast (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • South Plaza — 4650 S Cleveland Ave SUITE 9B, Fort Myers, FL 33907
  • Florida MV Express Kiosk — 4600 Summerlin Rd, Fort Myers, FL 33919
  • El Dorado Plaza — 4429 Cleveland Ave, Fort Myers, FL 33901
  • Page Field Commons — Florida 33907
  • Colonial Crossings — 4600 Summerlin Rd, Fort Myers, FL 33919

FAQs

What type of property is this?
Shopping center - 100% leased retail center with immediate cash flow.
Where is this shopping center located?
The property is located at 4434-4458 S Cleveland Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 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.
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