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    200 Dahlia Ln Fort Myers, FL 33907

    For Sale
    Contact for pricing

    70-unit apartment complex, value-add opportunity.

    Property size:
    96,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 70-unit apartment building in Fort Myers, Florida presents a compelling value-add investment opportunity. The property, known as The Residences at Page Park, comprises seven two-story buildings totaling 96,600 square feet on a 4.53-acre lot. Built between 2010 and 2015, the complex features spacious three-bedroom, two-bathroom units, each with private patios or balconies, stainless steel appliances, granite countertops, in-unit washers and dryers, and walk-in closets. The well-maintained community includes a leasing office and ample parking. Current rents are below market, offering significant potential for increased revenue. Furthermore, an additional 4.53 acres are approved for the development of up to 96 more units, or 92 units with a clubhouse and pool, representing substantial future growth potential. The property's desirable location in Page Park offers convenient access to downtown Fort Myers, major roadways (including US Route 41 and I-75), beaches, and numerous amenities, including shopping, dining, and educational institutions. Each unit has separately metered utilities (tenant-paid electricity), while the landlord is responsible for common area utilities. The strong demographics of the area, with average household incomes exceeding $100,000 within a 5-mile radius, further enhance the investment appeal. This property offers a unique blend of immediate income generation and significant long-term development potential in a thriving Florida market.

    Property Features for 200 Dahlia Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    96,600 SF
    Lot Size
    197,327 SF

    Building Details

    Year Built
    2010
    Buildings
    7
    Stories
    2
    Units
    70

    HighLights

    • Exceptional value‑add opportunity: Below‑market rents offer significant upside potential in a high‑demand market.
    • Significant development potential: Approved plans for up to 96 additional units (or 92 with amenities) on an adjacent 4.53‑acre parcel.
    • Separately metered utilities: Tenant‑paid electricity; landlord pays common area utilities.
    • Desirable property amenities: Spacious 3/2 units with patios/balconies, stainless steel appliances, granite countertops, in‑unit laundry, and walk‑in closets; ample parking and on‑site leasing office.
    • Prime Fort Myers location: Convenient access to US‑41, I‑75, downtown Fort Myers, beaches, and numerous amenities.
    • Abundant area amenities: Proximity to shopping, dining, entertainment, and Southwest Florida International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shanna Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8652537
    Latitude
    26.5782388

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    FAQs

    What type of property is this?
    Multifamily property - 70-unit apartment complex, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 200 Dahlia Ln Fort Myers, FL.
    What are key features of this property?
    This property features: Exceptional value-add opportunity: Below-market rents offer significant upside potential in a high-demand market.; Significant development potential: Approved plans for up to 96 additional units (or 92 with amenities) on an adjacent 4.53-acre parcel.; Separately metered utilities: Tenant-paid electricity; landlord pays common area utilities.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Dahlia Ln Fort Myers, FL 33907
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