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Property profile & analytics
FOR LEASE
Strip malls
11120 S Cleveland Ave Fort Myers, FL 33907
Entity Owned
~
Est. High Equity
Property ID
US18-2983006
For Lease
1 / 14
$14 SF/Yr
11120 S Cleveland Ave, Fort Myers, FL 33907
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Property summary
AI-generated overview
This Class A industrial property, located in Lee County on S Cleveland Ave (US-41) in Fort Myers, Florida, offers multiple warehouse spaces for lease. The building, constructed in 1977 and zoned for industrial use, totals 13,905 square feet. Currently, 3,169 square feet of vacant space is available, divisible into units ranging from a minimum of 1,297 square feet to a maximum contiguous space of 1,872 square feet. The property features an open floor plan, providing flexibility for tenant customization to suit diverse business needs. A key advantage is the inclusion of a loading dock, streamlining receiving and shipping operations. Its prime location on a major thoroughfare ensures excellent visibility and accessibility, making it ideal for businesses involved in logistics, distribution, or light manufacturing. The property's industrial zoning allows for a wide range of warehouse applications, from storage to more intensive operations. This versatile space presents a compelling opportunity for businesses seeking a well-situated and functional industrial facility in a thriving location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,240 SF
Lot
0.82 ac (35,872 SF)
Zoning code
C-2
APN
11-45-24-00-00005.405A
UPID
US18-2983006
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
-
Appliance Outfitters Home Appliance Store Hardware & Home Improvement
-
Lumpy's Golf Golf Course (Bike/Boat/Book/etc) Store
-
Edwin Watts Golf (Bike/Boat/Book/etc) Store
-
The Patio Corner Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.85M
Owner & transaction history
Gen Myers LLC
Gen Myers LLC
since 2025
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
C-2 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+51.8%
Medical building
$1.7M
+12.4%
Retail stores
$1.6M
+10.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Myers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Myers submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Current use
COMMERCIAL (GENERAL)
$2,240,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$1,660,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,625,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$1,255,000
Change: -15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,215,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.90M (Dec 19 2025)
Last sale anchor
$1.90M
Dec 19 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$296 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,477
Tax year 2023
Assessed value
$2,352,661
Assessed 2023
Previous assessed
$2,309,594
+1.9% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,035,983
Assessed improvement
$1,316,678
Land market value
$1,035,983
Improvement market value
$1,316,678
Total market value
$2,352,661
Applied tax rate
47.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
6,240 SF
Lot
0.82 ac (35,872 SF)
Zoning code
C-2
APN
11-45-24-00-00005.405A
UPID
US18-2983006
Jurisdiction
LEE
Zoning & alternative use
C-2 · Fort Myers, FL
Zoning C-2 · permitted uses
C-2 · Fort Myers, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Myers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Gen Myers LLC
Entity
Mailing address
5220 SUMMERLIN CMNS BLVD, FORT MYERS, FL 33907-2149
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
$1,900,000
Gen Myers LLC
11120 S Cleveland Ave LLC
Special Warranty Deed
$1,425,000 · Southstate Bank NA
May 4, 2010
—
11120 S Cleveland Avenue LLC
Gassman,james C
Quit Claim Deed
related
—
Feb 5, 2010
—
James C Gassman
Gassman Betty C Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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