First-Floor 55+ Condo with
For Sale
$145,900
7104 NANTUCKET CIRCLE #3, North Fort Myers, FL 33917
Turnkey first-floor condo in an active 55+ community with a screened lanai and in-unit washer and dryer.
Property Size1,080 SF
Price / SF$135.09
Days on Market100
Property Features for 7104 NANTUCKET CIRCLE #3
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Condo - Hotel
Additional Details
Business Included
Yes
Building Details
Year Built
1983
Listing Agency:
JOHN R WOOD PROPERTIES
(239) 472-2411
Listed By:
Darryl Eberly · License #3427591
(239) 236-4350
Source:
Endlesssummerrealty
Added: Jul 17
Changed: Oct 23
Last Checked: Oct 23 at 8:45AM
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 JOHN R WOOD PROPERTIES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This tastefully furnished, turnkey first-floor condo is located within Nantucket Commons, an active 55+ community. The residence features porcelain tile flooring throughout, impact-resistant windows and sliding glass doors, and a remodeled kitchen with unique granite countertops, stainless steel appliances, and wood cabinetry. A Trane A/C system helps provide year-round comfort.
Additional highlights include a screened lanai overlooking manicured community grounds, electric hurricane shutters on the lanai, and a solid aluminum entry door with a Ring doorbell. The unit also includes an in-unit washer and dryer and a new water heater.
Residents can enjoy community amenities including a pool, picnic area, and shuffleboard. Please note that dogs are not permitted. The property is described as just minutes from restaurants, shopping, entertainment, and the Fort Myers River District.
Additional highlights include a screened lanai overlooking manicured community grounds, electric hurricane shutters on the lanai, and a solid aluminum entry door with a Ring doorbell. The unit also includes an in-unit washer and dryer and a new water heater.
Residents can enjoy community amenities including a pool, picnic area, and shuffleboard. Please note that dogs are not permitted. The property is described as just minutes from restaurants, shopping, entertainment, and the Fort Myers River District.
Key Highlights
- 1983‑built first‑floor condo in an active 55+ community (Nantucket Commons, formerly Foxmoor II)
- Remodeled kitchen with granite countertops, stainless steel appliances, and wood cabinetry
- Impact‑resistant windows and sliding glass doors, plus Trane A/C for year‑round comfort
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,248
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,960
$265.0K
Cap Rate 7%
$189,257
$189.3K
Cap Rate 9%
$147,200
$147.2K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$25.1K $23.28/SF
− Vacancy
−$1.1K −$0.98/SF
EGI
$24.1K $22.30/SF
− OpEx
−$10.8K −$10.04/SF
NOI
$13.2K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,960
Cap Rate 7%
$189,257
Cap Rate 9%
$147,200
Alternative Uses
Best Use
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,248 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 33917, FL
30,702
Population
18,789
Households
1.6
Avg Household Size
61
Median Age
19%
College-Educated
89%
High-School Grad
65.5 sq mi
ZIP Area
469
Density / Sq Mi
$54,198
Median Household Income
$35,670
Median Earnings
$1,320
Median Rent
$170,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Turnkey first-floor condo in an active 55+ community with a screened lanai and in-unit washer and dryer.
Where is this residential income property located?
The property is located at 7104 NANTUCKET CIRCLE #3 North Fort Myers, FL.
What is the asking price?
The asking price for this property is $145,900.
What are key features of this property?
This property features: 1983‑built first‑floor condo in an active 55+ community (Nantucket Commons, formerly Foxmoor II); Remodeled kitchen with granite countertops, stainless steel appliances, and wood cabinetry; Impact‑resistant windows and sliding glass doors, plus Trane A/C for year‑round comfort
