Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12575 Cleveland Ave Fort Myers, FL 33907

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space available.

    Lot size:
    14,560 SF

    Property Features for 12575 Cleveland Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,560 SF
    Total Rate
    30333.33

    Building Details

    Year Built/Renovated
    2004/2020
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 12575 Cleveland Ave, Fort Myers, FL 33907 Contact us
    Unit Unit 7/8

    $25 /Mo

    Size
    Contact us

    We can help!

    Listing Contact
    Gary Tasman
    Gary Tasman

    Listing Agency: Cushman & Wakefield | Fort Myers Listing Agent: Gary Tasman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This well-maintained, single-story retail strip center, located at 12575 S. Cleveland Ave, Fort Myers, FL 33907, offers 14,560 square feet of space, with 2,817 square feet currently vacant. Built in 2004 and renovated in 2020, the property boasts excellent visibility on US 41, just north of College Parkway, benefiting from high traffic counts (56,000 AADT on US 41). The center features ample parking with 68 spaces and benefits from access via Austin Street. The property is zoned C-2 and features a fresh exterior paint job and prominent pylon signage. The building consists of one structure with multiple tenants. The property's APN is 13-45-24-06-00031.0140. This prime South Fort Myers location offers a strong opportunity for retail businesses seeking high visibility and convenient access in a thriving commercial area. The available space presents a chance to establish or expand a business within a well-maintained and recently updated property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trulieve Fort Myers ... (Bike/Boat/Book/etc) Store Fiesta Auto Insurance ... Insurance Agency Doctor Fort Myers Physician Habano's Smoke Shop (Bike/Boat/Book/etc) Store KGB soak off ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8709658
    Latitude
    26.5597467

    Nearby Similar for Lease

    • $13 SF/Yr
      46,914 SF

      Versatile Fort Myers Commercial Space

      C-1 zoned property ideal for various commercial uses.
      2130 Andrea Ln, Fort Myers, FL 33912
      View Details
    • $13 SF/Yr
      22,921 SF

      Fort Myers Flex Space Available

      4002 SF flex space for lease or sale.
      12155 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      5,828 SF

      Boutique Salon Space Available

      Stylish salon space with reception, retail display, and open layout.
      5235 Ramsey Way, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      3,010 SF

      Professional Workspace in Fort Myers

      Executive office suites with flexible terms and comprehensive amenities.
      12530 World Plaza Ln, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      10,890 SF

      Renovated Office Space Near Hospital

      Move-in ready medical/business office space near Gulf Coast Hospital.
      14090 Metropolis Ave, Fort Myers, FL 33912
      View Details
    • New
      $2,500 /Mo
      11,665 SF

      Fort Myers Commercial Space Available

      Office or salon suites available for rent in Fort Myers.
      3949 Evans Ave, Fort Myers, FL 33901
      View Details
    • $25 SF/Yr

      New Retail Space in Fort Myers

      Modern retail units in a high-growth Southwest Florida corridor.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • $25 SF/Yr

      New Retail Space in Fort Myers

      Modern retail units in a high-growth Southwest Florida corridor.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office spaces and executive suites in Fort Myers, Florida.
      1500 Colonial Blvd, Fort Myers, FL 33907
      View Details
    • $35 SF/Yr

      New Retail Space in Fort Myers

      Modern retail units in a high-growth area with excellent visibility.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      31,141 SF

      Fort Myers Commercial Office Space

      Office space for rent in a mixed-use professional plaza.
      18070 S Tamiami Trl, Fort Myers, FL 33908
      View Details
    • $19 SF/Yr
      12,820 SF

      Modern Office Space in Downtown

      Newly renovated office space in the Fort Myers River District.
      2401 1St St, Fort Myers, FL 33901
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space available.
    Where is this neighborhood center located?
    The property is located at 12575 Cleveland Ave Fort Myers, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: High-traffic Trulieve dispensary now open in Fort Myers' prime retail corridor.; Excellent visibility on US 41, just north of College Parkway, boasting high traffic counts (55,974 AADT in 2024 per LC).; Recently painted exterior in excellent condition.
    (239) 489-3600 Call to check price and availability
    Request Owner's contact information
    12575 Cleveland Ave Fort Myers, FL 33907
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12575 Cleveland Ave
    Fort Myers, FL 33907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    12575 Cleveland Ave Fort Myers, FL 33907
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gary Tasman
    Gary Tasman
    Real Estate License ID: BK3002798
    (239) 489-3600 (239) 470-9646
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!