Compact Retail
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4523 Palm Beach Blvd, Fort Myers, FL 33905
A small-format commercial unit is located on Palm Beach Boulevard in Fort Myers.
Property Size390 SF
Price / SF$3.01
Days on Market2
Property Features for 4523 Palm Beach Blvd
General Information
Standard status
Active
Size
390 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,165
Building Details
Year Built
1954
Stories
1
Listing Agency:
Call It Closed International
Listed By:
Jaime Taveras · License #258025568
(239) 737-1750
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:47AM
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 Call It Closed International
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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 390-square-foot retail space is located on Palm Beach Boulevard in Fort Myers, Florida. The building dates to 1954. The property has a Bike Score of 46, rated Somewhat Bikeable, and a Walk Score of 43, rated Car-Dependent.
Key Highlights
- 390‑square‑foot retail space
- Located on Palm Beach Boulevard in Fort Myers, Florida
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,116
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,320
$102.3K
Cap Rate 7%
$73,086
$73.1K
Cap Rate 9%
$56,844
$56.8K
Market Conditions
NOI Build-Up for 390 SF
Gross rent
$7.5K $19.32/SF
− Vacancy
−$226 −$0.58/SF
EGI
$7.3K $18.74/SF
− OpEx
−$2.2K −$5.62/SF
NOI
$5.1K $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%
$102,320
Cap Rate 7%
$73,086
Cap Rate 9%
$56,844
Alternative Uses
Best Use
Retail
$73.1K
$64.0K – $85.3K
NOI $5,116 @ 7.0% cap · market cap 435.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.7K
$107.4K – $143.2K
NOI $8,592 @ 7.0% cap · market cap 731.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 47%
Electronics 1%
McDonald's
Dining
24,457 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,813 visits/mo
0.4 miles
Wells Fargo
Shops & Services
7,752 visits/mo
0.3 miles
Citgo
Shops & Services
7,156 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,949 visits/mo
0.4 miles
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A small-format commercial unit is located on Palm Beach Boulevard in Fort Myers.
Where is this retail space located?
The property is located at 4523 Palm Beach Blvd Fort Myers, FL.
What are key features of this property?
This property features: 390‑square‑foot retail space; Located on Palm Beach Boulevard in Fort Myers, Florida; Built in 1954
