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    1120 Main St Fort Myers Beach, FL 33931

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    1120 Main St Fort Myers Beach, FL 33931

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    • Commercial real estate
    • 1.48 lot acres
    For Sale
    $6,900,000
    View Listing →
    Income-Producing Marina with Redevelopment Potential For Sale
    $6,900,000

    Income-Producing Marina with Redevelopment Potential

    Marina with 56 wet slips and redevelopment potential.

    1120, 1122, 1130 & 1138 Main St, Fort Myers Beach, FL 33931
    View Listing
    Property ID
    US18-1200788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tiny Tiki Tours / Resort
    • San Carlos Island Marina / Marina
    • Reel-Ality Sportfishing Charters / Tour Operator / Travel Agency
    • Main Street Marina / Marina
    • Lacy McClary Studio and Gallery / Art Gallery

    Property Details for 1120 Main St

    Lot size
    1.48 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.48-acre industrial property, located at 1120, 1122 & 1138 Main St, Fort Myers Beach, FL 33931, presents a unique investment opportunity. Currently operating as a fully functioning marina, this site boasts unlimited slip development rights, eliminating significant hurdles in expansion. The asking price is $7,175,000. All necessary permits and entitlements are handled through Lee County, streamlining the development process. The property's history includes office, living, warehouse, and retail spaces in addition to the marina. Existing submerged land leases are in place, ensuring a solid foundation for future development. Importantly, this property is classified as "Preferred" under Section 8.4 of the Manatee Protection Plan (MPP), allowing for the construction of an unrestricted number of slips while maintaining full compliance. This translates to significant potential for increased revenue and return on investment. The property includes a recently constructed dock and slips, generating immediate income. This prime waterfront location offers unparalleled potential for redevelopment and expansion, making it an attractive proposition for discerning investors seeking a high-return, low-risk venture in a thriving Florida market. The property is zoned IL.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9511336
    Latitude
    26.4611512

    Comparable in this City

    • $7,458,000
      Pending

      Waterfront Property on Main Street

      Waterfront property in Fort Myers Beach with development potential.
      1122 Main St, Fort Myers Beach, FL 33931
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    • $1,900,000
      0.65 Acres

      Waterfront Commercial Land, Fort Myers Beach

      Prime waterfront industrial/commercial land with redevelopment opportunities.
      1100 Main St, Fort Myers Beach, FL 33931
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    • $1,482,000
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      Prime Location Near Fort Myers Beach

      1.16-acre commercial property with great potential near beach access.
      870 Buttonwood Dr, Fort Myers Beach, FL 33931
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      5,880 SF

      Income Producing Storage Facility

      Self-storage facility with indoor units and outdoor spaces near beaches.
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      Land For Sale

      Land available for purchase.
      136 Madison Ct, Fort Myers Beach, FL 33931
      View Details

    Similar Nearby for Sale

    • $7,458,000
      Pending

      Waterfront Property on Main Street

      Waterfront property in Fort Myers Beach with development potential.
      1122 Main St, Fort Myers Beach, FL 33931
      View Details
    • $1,900,000
      0.65 Acres

      Waterfront Commercial Land, Fort Myers Beach

      Prime waterfront industrial/commercial land with redevelopment opportunities.
      1100 Main St, Fort Myers Beach, FL 33931
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    • $1,482,000
      7,000 SF

      Prime Location Near Fort Myers Beach

      1.16-acre commercial property with great potential near beach access.
      870 Buttonwood Dr, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing
      5,880 SF

      Income Producing Storage Facility

      Self-storage facility with indoor units and outdoor spaces near beaches.
      830 Buttonwood Dr, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      136 Madison Ct, Fort Myers Beach, FL 33931
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land with drive-thru opportunity in renovated plaza.
      17260 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • $21 SF/Yr
      11,848 SF

      Fort Myers Beach Retail/Office Space

      1420 RSF suite with high visibility on Estero Boulevard.
      6035 Estero Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      High-Visibility Corner Retail Space

      Updated commercial building with drive-through and high traffic volume.
      19003 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • $20 SF/Yr
      1,452 SF

      Retail Center on San Carlos Boulevard

      Retail spaces available in renovated Fort Myers Beach shopping center.
      17260-17284 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      Fort Myers Beach Retail Space

      70,000 SF shopping plaza on Fort Myers Beach.
      7205 Estero Blvd, Fort Myers Beach, FL 33931
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      San Carlos Blvd Commercial Site

      Commercial site located on San Carlos Blvd in Fort Myers.
      17220 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    View Listing
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    Fort Myers Beach, FL 33931
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    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.

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