Neighborhood Shopping Center with Shared
713 Bald Eagle Dr Marco Island, FL 34145
713 Bald Eagle Dr, Marco Island, FL, 34145
$10,065,436
For Sale
$10,065,436
Pelican Plaza is a neighborhood shopping center with multiple retail tenants and shared parking on 2.15 acres.
Property Size24,570 SF
Lot Size2.15 Acres
Price / SF$409.66
Days on Market35
Property Features for 713 Bald Eagle Dr
General Information
- Standard status
- Active
- Size
- 24,570 SF
- Lot size
- 2.15 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agency
Lee & Associates | Orlando
(239) 293-2350
Listed by
Biagio Bernardo
(239) 293-2350
Source
Lee-associates
Added: Jun 17 Updated: Jul 20 at 9:26PM Checked: Jul 21 at 6:33AM
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 Lee & Associates | Orlando
Investment Insights
Based on property information with market context.
Pelican Plaza is a 24,570± SF neighborhood shopping center situated on 2.15± acres. The center includes approximately 375 feet of frontage and 153 shared parking spaces, supporting a tenant mix that includes restaurants, service providers, specialty retailers, and marine-related businesses. The property is described as having historically high occupancy with strong in-place income.
Pelican Plaza is located along Bald Eagle Drive near the intersection of Collier Boulevard, positioned in the heart of Marco Island’s primary commercial corridor. The remarks note strong visibility and traffic counts, along with a market characterized by limited new commercial development opportunities.
The property is offered for sale as an income-producing retail asset, with stated value-add potential through rent growth, lease rollover, and future redevelopment opportunities.
Pelican Plaza is located along Bald Eagle Drive near the intersection of Collier Boulevard, positioned in the heart of Marco Island’s primary commercial corridor. The remarks note strong visibility and traffic counts, along with a market characterized by limited new commercial development opportunities.
The property is offered for sale as an income-producing retail asset, with stated value-add potential through rent growth, lease rollover, and future redevelopment opportunities.
Key Highlights
- Pelican Plaza is a 24,570± SF neighborhood shopping center on 2.15± acres
- Situated on Bald Eagle Drive near the intersection with Collier Boulevard and offers approx. 375 feet of frontage
- Includes 153 shared parking spaces for tenant and customer use
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 | $445.2k | $18.12 |
| − Vacancy | −$17.8k | −$0.72 |
| EGI | $427.4k | $17.40 |
| − OpEx | −$128.2k | −$5.22 |
| NOI | $299.2k | $12.18 |
24,570 SF · lease $18.12/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.27M
$3.74M – $4.99M
NOI $299,180 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.86M
$8.63M – $11.50M
NOI $690,275 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marco Island Mattress ...
Furniture & Home Goods
Kim Mulqueen, Realtor
Real Estate Agency
Patrick Carley with ...
Real Estate Agency
Mark T Beatty ...
Real Estate Agency
Sandra Ballew, Realtor ...
Real Estate Agency
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- Esplanade Shoppes at Marco Island — 760 N Collier Blvd, Marco Island, FL 34145
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FAQs
What type of property is this?
Shopping center - Pelican Plaza is a neighborhood shopping center with multiple retail tenants and shared parking on 2.15 acres.
Where is this shopping center located?
The property is located at 713 Bald Eagle Dr Marco Island, FL.
What is the asking price?
The asking price for this property is $10,065,436.
What are key features of this property?
This property features: Pelican Plaza is a 24,570± SF neighborhood shopping center on 2.15± acres; Situated on Bald Eagle Drive near the intersection with Collier Boulevard and offers approx. 375 feet of frontage; Includes 153 shared parking spaces for tenant and customer use
