Neighborhood Retail
885-905 Pondella Road, North Fort Myers, FL 33903
For Sale
New
Contact for pricing
Seven occupied suites house a mix of retailers, restaurants, service businesses, a church, and a food truck.
Property Size14,340 SF
Lot Size1.35 Acres
Price / SF$174.34
Days on Market6
Property Features for 885-905 Pondella Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Horvath & Tremblay
Listed By:
Kirk Felici · License FL BK672851
(954) 245-3400
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 3:20PM
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 Horvath & Tremblay
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.
Tropic Isles is a 14,340-square-foot shopping center on 1.35 acres in North Fort Myers. Its seven retail suites range from approximately 1,140 to 2,800 square feet, with tenants including retailers, restaurants, service and office businesses, and a church. A food truck also uses the parking area. The center is fully leased.
The property fronts Pondella Road and sits among established residential neighborhoods. North Fort Myers High School and Tropic Isles Elementary School are nearby. U.S. Route 41 and State Road 78 (Pine Island Road) provide connections to shopping, employment, and communities in North Fort Myers and Cape Coral, with access to downtown areas in both cities.
The property fronts Pondella Road and sits among established residential neighborhoods. North Fort Myers High School and Tropic Isles Elementary School are nearby. U.S. Route 41 and State Road 78 (Pine Island Road) provide connections to shopping, employment, and communities in North Fort Myers and Cape Coral, with access to downtown areas in both cities.
Key Highlights
- 14,340 square feet of gross leasable area on a 1.35‑acre parcel
- Seven retail suites ranging from approximately 1,140 to 2,800 square feet
- 100% leased to a mix of retailers, restaurants, a church, and service and office tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,116
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,762,320
$3.8M
Cap Rate 7%
$2,687,371
$2.7M
Cap Rate 9%
$2,090,178
$2.1M
Market Conditions
NOI Build-Up for 14,340 SF
Gross rent
$277.0K $19.32/SF
− Vacancy
−$8.3K −$0.58/SF
EGI
$268.7K $18.74/SF
− OpEx
−$80.6K −$5.62/SF
NOI
$188.1K $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%
$3,762,320
Cap Rate 7%
$2,687,371
Cap Rate 9%
$2,090,178
Alternative Uses
Best Use
Retail
$2.69M
$2.35M – $3.14M
NOI $188,116 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.51M
$3.95M – $5.27M
NOI $315,939 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Dollar Tree
Shops & Services
12,693 visits/mo
0.1 miles
Chevron
Shops & Services
2,089 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
1,051 visits/mo
0.4 miles
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
Market
Properties on Market for Shopping centers in Lee County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Eastgate Shopping Center — North Fort Myers, FL 33903
- Botanica ile elegua — 710 Pondella Rd suite 5, North Fort Myers, FL 33903
Frequently Asked Questions
What type of property is this?
Shopping center - Seven occupied suites house a mix of retailers, restaurants, service businesses, a church, and a food truck.
Where is this shopping center located?
The property is located at 885-905 Pondella Road North Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 14,340 square feet of gross leasable area on a 1.35‑acre parcel; Seven retail suites ranging from approximately 1,140 to 2,800 square feet; 100% leased to a mix of retailers, restaurants, a church, and service and office tenants
