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    17501 Harbour Pointe Dr Fort Myers, FL 33908

    For Sale
    $6,885,471

    Prime FL waterfront retail investment.

    Property size:
    5,598 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 5,598 square foot retail property located at 17501 Harbour Point Dr, Fort Myers, FL 33908, in Lee County. The property, built in 2014 and renovated in 2017, consists of two buildings with two stories each, situated on a 3.28-acre lot. Currently operating at 100% occupancy with two tenants under a net lease agreement, the property boasts a strong NOI of $533,624 and a 7.75% cap rate. The asking price is $6,885,471, translating to $1,229.99 per square foot. The current lease, initiated December 1, 2017, has a remaining term of three years, with three and five-year renewal options. The property is zoned CT and features amenities such as an elevator, hurricane shutters, and ample parking. The property benefits from its waterfront location, attracting both local and tourist traffic, particularly given its proximity to Sanibel Island and the Punta Rossa boat ramp (scheduled to reopen July 2025). The lease includes a percentage-based rent structure, with a 6% rate up to $4 million in revenue and 6.5% on revenue exceeding that amount. One tenant, Bimini Bait Shack, generates a monthly income exceeding $4,000. This property offers a compelling combination of strong current income, significant future growth potential tied to ongoing area redevelopment, and a desirable waterfront location. The sale includes the property only

    Property Features for 17501 Harbour Pointe Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,598 SF
    Lot Size
    142,877 SF

    Building Details

    Year Built/Renovated
    2014/2017
    Buildings
    2
    Stories
    2

    HighLights

    • Strong projected ROI due to Sanibel Island hurricane recovery projects.
    • Stunning views attract both tourists and locals.
    • Prime location on main route to Sanibel Island ensures high traffic.
    • Offers convenient accommodations for clients and visitors.
    • Features elevator, hurricane shutters, and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -82.0085514
    Latitude
    26.4856127

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    FAQs

    What type of property is this?
    Individual retail property - Prime FL waterfront retail investment.
    Where is this individual retail property located?
    The property is located at 17501 Harbour Pointe Dr Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $6,885,471.
    What are key features of this property?
    This property features: Strong projected ROI due to Sanibel Island hurricane recovery projects.; Stunning views attract both tourists and locals.; Prime location on main route to Sanibel Island ensures high traffic.
    Request Owner's contact information
    17501 Harbour Pointe Dr Fort Myers, FL 33908
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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
    17501 Harbour Pointe Dr Fort Myers, FL 33908
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