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Property profile & analytics
FOR LEASE
Outlet malls

11560 Majestic Palms Blvd Fort Myers, FL 33908

29,922 SF 2.21 ac lot Built 2017
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-3462914
Property summary
AI-generated overview

This exceptional 8,000 square foot retail space, situated in a vibrant Lee County shopping center, presents a remarkable opportunity for businesses seeking high visibility and accessibility. Built in 2017, the property boasts a modern design and is part of a thriving retail complex strategically located near the intersection of Majestic Palms Boulevard and San Carlos Boulevard. The center enjoys a prime location, surrounded by established and successful retailers including Pet Supermarket and Bealls. Its convenient proximity to major roadways such as Kelly Road, McGregor Boulevard, and San Carlos Boulevard ensures excellent accessibility for customers and employees alike. The property's location also benefits from its close proximity to other significant businesses, including Super Target, Fifth Third Bank, Verizon, Trek, and Rib City, creating a synergistic environment and high foot traffic. The space is zoned CPD (Lee County) and is part of a single-building complex, offering a versatile layout ideal for a variety of retail uses. This is a rare opportunity to establish a presence in a high-traffic, well-established retail center in a rapidly growing area. The modern construction and prime location make this space an exceptional investment for any discerning business. The property offers multiple tenancy options, making it suitable for a variety of retail concepts. This space is ready for immediate occupancy.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2017
Construction CONCRETE
Total area 29,922 SF
Lot 2.21 ac (96,268 SF)
Zoning code CPD
APN 31-45-24-65-00000.0090
UPID US18-3462914
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
  • Pet Supermarket (Bike/Boat/Book/etc) Store Pet Store
  • bealls Children'S Clothing Store Handbags Shop
  • Bealls Outlet - Village Market Place Discount Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.14M
CAP Approach CAP
$6.04M
Comparable Approach Comparable
$6.35M
Blend (final) Blend
$6.15M
Owner & transaction history
Island Palms Properties LLC · 2 yrs held
Island Palms Properties LLC
since 2023
Last sale
$6.1M
7 recorded transactions
2023
$6.1M
2018
$6.0M
2016
$690,000
2016
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $8.7M +11.4%
Medical building $8.0M +2.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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