Building Details

Building Size 3,960 SF

Year Built 1980

Listing Agency: SVN - Commercial Partners | Miami

Listed By: Tiffany Luongo Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Oct 14 Last Checked: Oct 24 at 2:10PM

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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 SVN - Commercial Partners | Miami

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Investment Insights

Based on property information with market context.

This 3960 square foot building includes on-site parking. The site directly fronts State Road 82, Hendry Street to the west, and Jackson Street to the east. The property includes all furniture, fixtures, and equipment. It benefits from lighted intersection access and offers seating for 120, both indoor and on the patio. A traffic count on State Road 82 between Fowler and Evans was recorded at 40,253 in 2015. The building was completely gutted and renovated in 2002. The property is suitable for restaurants, retail, conventional restaurants, parking lots and garages, and automotive businesses.

Key Highlights

• 3,960 sq ft building with rare on‑site parking.
• Includes all FF&E (Furniture, Fixtures, and Equipment).
• High traffic location directly fronting SR 82 with 40,253 vehicles.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,869

Cap Rate

3.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,257,380 $1.3M

Cap Rate 7%

$898,129 $898.1K

Cap Rate 9%

$698,544 $698.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,960 SF

Gross rent

$85.5K $21.60/SF

− Vacancy

−$1.7K −$0.43/SF

EGI

$83.8K $21.17/SF

− OpEx

−$21.0K −$5.29/SF

NOI

$62.9K $15.88/SF

Area

Lee County, FL

Vacancy

2.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,257,380

Cap Rate 7%

$898,129

Cap Rate 9%

$698,544

Alternative Uses

Best Use

Specialty Retail

$898.1K

$785.9K – $1.05M (±1% cap)

NOI $62,869 @ 7.0% cap · market cap 3.59%

Second Best

Retail

$742.1K

$649.4K – $865.8K (±1% cap)

NOI $51,948 @ 7.0% cap · market cap 2.97%

Theoretical Best

Office A

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,247 @ 7.0% cap · market cap 4.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

1,178

Businesses Nearby

79k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 69% Dining 18% Groceries 9% Apparel 4%

dd's DISCOUNTS Shops & Services

18,577 visits/mo 0.0 miles

Save-A-Lot Groceries

7,224 visits/mo 0.1 miles

Taco Bell Dining

6,544 visits/mo 0.3 miles

Mobil Shops & Services

6,056 visits/mo 0.3 miles

7-Eleven Shops & Services

6,033 visits/mo 0.3 miles

Demographics for 33901, FL

22,629

Population

11,709

Households

1.9

Avg Household Size

43

Median Age

29%

College-Educated

83%

High-School Grad

6.2 sq mi

ZIP Area

3,650

Density / Sq Mi

$51,579

Median Household Income

$37,233

Median Earnings

$1,291

Median Rent

$280,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Restaurant - 3960 SF restaurant with on-site parking and FF&E.

Where is this restaurant located?

The property is located at The Oasis 2260 Dr. Martin Luther King Jr. Blvd. Fort Myers, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 3,960 sq ft building with rare on‑site parking.; Includes all FF&E (Furniture, Fixtures, and Equipment).; High traffic location directly fronting SR 82 with 40,253 vehicles.