Waterfront
New
For Sale
$799,000
75 Mound RD, Fort Myers Beach, FL 33931
Four legal units sit along a canal with direct Gulf access.
Property Size2,500 SF
Days on Market5
Property Features for 75 Mound RD
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,893
Building Details
Building Size
2,500 SF
Year Built
1966
Listing Agency:
Premiere Plus Realty Company
Listed By:
J Alex King · License #3251534
(239) 849-3663
Source:
Kwelevate
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 12:45AM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
This 1966 waterfront property contains four legal units on a corner lot. The existing units are identified for rehabilitation, and the site has approximately 137 feet of canal frontage with direct Gulf access. Multiple boat docks were previously accommodated on the property.
Set just off the main road on Fort Myers Beach, the property is described as having quick access to the beach. The existing four-unit configuration provides a basis for renovation, while redevelopment concepts would require independent confirmation of zoning, permits, rental rules, dock rights, and development permissions.
Set just off the main road on Fort Myers Beach, the property is described as having quick access to the beach. The existing four-unit configuration provides a basis for renovation, while redevelopment concepts would require independent confirmation of zoning, permits, rental rules, dock rights, and development permissions.
Key Highlights
- Four legal units on a waterfront property
- Approximately 137 feet of canal frontage with direct Gulf access
- Corner property just off the main road on Fort Myers Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,091
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,820
$661.8K
Cap Rate 7%
$472,729
$472.7K
Cap Rate 9%
$367,678
$367.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$47.3K $18.91/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$33.1K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,820
Cap Rate 7%
$472,729
Cap Rate 9%
$367,678
Alternative Uses
Best Use
Multifamily LT 5
$472.7K
$413.6K – $551.5K
NOI $33,091 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$786.9K
$688.5K – $918.0K
NOI $55,080 @ 7.0% cap · market cap 6.89%
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
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four legal units sit along a canal with direct Gulf access.
Where is this quadplex located?
The property is located at 75 Mound RD Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four legal units on a waterfront property; Approximately 137 feet of canal frontage with direct Gulf access; Corner property just off the main road on Fort Myers Beach
