17651 San Carlos Blvd Fort Myers Beach, FL 33931
2.23-acre property with redevelopment potential and Gulf access.
Property Features for 17651 San Carlos Blvd
General Information
- Standard status
- Active
- Size
- 13,250 SF
- Lot size
- 2.23 Acres
- Property subtype
- Industrial, Mixed Use
Listing office Mayhugh Commercial Advisors
Listing date Sep 27, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Eligible under the Live Local Act, allowing for up to 28‑story multifamily redevelopment.
- Gulf access with two dock slips and the option to add two more.
- Large 2.23± acre parcel with a 13,250 sq. ft. building footprint.
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 | $256.0k | $19.32 |
| − Vacancy | −$7.7k | −$0.58 |
| EGI | $248.3k | $18.74 |
| − OpEx | −$74.5k | −$5.62 |
| NOI | $173.8k | $13.12 |
