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Property profile & analytics
FOR SALE
Industrial land

10540 Metro Pkwy Fort Myers, FL 33966

10.05 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US19-0878671
Property summary
AI-generated overview

This exceptional 9.76-acre commercial land parcel in Fort Myers, Florida, presents a rare development opportunity. Located on Metro Parkway, the property boasts 535± feet of high-visibility frontage, attracting an average daily traffic count of approximately 37,500 vehicles. Its strategic location offers easy access to I-75, US-41, Page Field Airport, and Southwest Florida International Airport (RSW), enhancing its appeal for a diverse range of businesses. The Commercial Intensive (CI) zoning permits a wide array of uses, including professional offices, auto repair, financial institutions, building material sales, convenience stores, drive-thru facilities, essential service facilities, freight and cargo operations, nurseries, fuel stations, and indoor/outdoor storage facilities. A full list of approved uses is available upon request. The site's proximity to the Gulf Coast Railway provides potential rail access, while utilities such as water, sewer, and electricity are readily available on Metro Parkway. Building height restrictions are largely influenced by proximity to the airport, with a majority of the site outside of flight restrictions allowing for varying building heights. This property represents one of the few remaining development opportunities in this thriving commercial and industrial corridor, offering significant potential for investors and developers seeking a prime location with exceptional connectivity and zoning flexibility. The property's APN is 06-45-25-P1-00063.0040. The asking price is $5,300,000.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 10.05 ac (437,777 SF)
Zoning code MU
APN 06-45-25-P1-00063.0040
UPID US19-0878671
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.38M
Owner & transaction history
Pisga Two LLC · 4 yrs held
Pisga Two LLC
since 2022
Last sale
$2.4M
4 recorded transactions
2022
$2.4M
2004
Price N/A
2004
$1.2M
2004
Price N/A
Zoning & alternative use
MU · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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