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Property profile & analytics
OFF-MARKET Estimated value $1,420,000
Commercial land

1005 Estero Blvd Fort Myers Beach, FL 33931-2623

951 SF 0.04 ac lot Built 1956
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-0812387
Property summary
AI-generated overview

This exceptional 1,881 square foot commercial land parcel presents a remarkable redevelopment opportunity in the vibrant Times Square district of Fort Myers Beach, Florida. Located at 1005 Estero Blvd, this property boasts breathtaking views of the Gulf of Mexico and enjoys a prime location steps from the Margaritaville Resort. The site is zoned for Downtown use, with future land entitlements already in place, allowing for a diverse range of development options including hospitality, retail, dining, and residential uses. Its convenient proximity to the beach and high pedestrian traffic ensures strong potential for a thriving business. The property's location near public parking and the heart of downtown Fort Myers Beach further enhances its appeal for a mixed-use development. With its strategic location and versatile zoning, this 1,881 sq ft lot (APN 24-46-23-W3-00007.0000) in Lee County (zip code 33931) offers significant long-term growth potential and represents a unique investment opportunity in a rapidly evolving coastal destination. The asking price is $2,400,000. This is an unparalleled chance to be part of the exciting revitalization of Fort Myers Beach.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 951 SF
Lot 0.04 ac (1,881 SF)
Zoning code DOWNTOWN
APN 24-46-23-W3-00007.0000
UPID US18-0812387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yo! Taco Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.42M
Owner & transaction history
1001 Fmb LLC · 1 yrs held
1001 Fmb LLC
since 2025
Last sale
$1.5M
7 recorded transactions
2025
$1.5M
2023
$1.1M
2018
Price N/A
2017
Price N/A
2002
$288,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DOWNTOWN · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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