870 Buttonwood Drive, Fort Myers Beach, FL 33931
COMMERCIAL - Other - Fort Myers Beach, FL
- Added:
- May 8, 2023
- Days on Market:
- 1131
- Last Refresh:
- Jun 11 at 7:06 am
Property Features for 870 Buttonwood Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 19-46-24-00-00003.0030
- Size
- 7,000 SF
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- FR 907.55 FT SELY ON C/L OF MAIN ST FROM INTERSCTN SAN CARLOS BLVD RUN N
- Tax Annual Amount
- 7102
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Architectural style
- Other
Listing agent Holly Olson License #258019518 (239) 823-0143
Listing office Florida's Realty LLC 15812 42nd Glen E, Fort Myers, FL (866) 511-6639
Listing date May 8, 2023
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location: Less than half a mile to Fort Myers Beach bridge, offering convenient beach and land access.
- Sizeable C‑2 Zoned Land: Featuring 1.160 acres with over 7000 sq' concrete block building.
- High‑Growth Area: Located less than a mile from the new Margaritaville Resort and the new Beached Whale on Fort Myers Beach.
- Development Opportunity: Potential to be part of the ground floor development in the rebuilding of Fort Myers Beach.
- Established History: Previously home to the Sanibel Seafood Company since 1982.
- Flexible Purchase Options: Sellers will consider a land contract.
Overview
Local Financial Insights For Specialty 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 | $151.2k | $21.60 |
| − Vacancy | −$3.0k | −$0.43 |
| EGI | $148.2k | $21.17 |
| − OpEx | −$37.0k | −$5.29 |
| NOI | $111.1k | $15.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Myers Beach
- County
- Lee
- State
- Florida
- Longitude
- -81.949985
- Latitude
- 26.463061
