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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Strip malls
12575 Cleveland Ave Fort Myers, FL 33907-3804
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-3239191
Property summary
AI-generated overview
This well-maintained, single-story retail strip center, located at 12575 S. Cleveland Ave, Fort Myers, FL 33907, offers 14,560 square feet of space, with 2,817 square feet currently vacant. Built in 2004 and renovated in 2020, the property boasts excellent visibility on US 41, just north of College Parkway, benefiting from high traffic counts (56,000 AADT on US 41). The center features ample parking with 68 spaces and benefits from access via Austin Street. The property is zoned C-2 and features a fresh exterior paint job and prominent pylon signage. The building consists of one structure with multiple tenants. The property's APN is 13-45-24-06-00031.0140. This prime South Fort Myers location offers a strong opportunity for retail businesses seeking high visibility and convenient access in a thriving commercial area. The available space presents a chance to establish or expand a business within a well-maintained and recently updated property.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,960 SF
Lot
1.13 ac (49,296 SF)
Zoning code
C-2
APN
13-45-24-06-00031.0140
UPID
US18-3239191
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
-
Trulieve Fort Myers Dispensary (Bike/Boat/Book/etc) Store
-
Fiesta Auto Insurance & Tax Service Insurance Agency
-
Doctor Fort Myers Physician
-
Habano's Smoke Shop (Bike/Boat/Book/etc) Store
-
KGB soak off gel polish (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Jn Investments LLC · 14 yrs held
Jn Investments LLC
since 2012
5 recorded transactions
Zoning & alternative use
C-2 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+12.4%
Retail stores
$2.3M
+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%
$2,370,000
6.5%
$2,190,000
7%
$2,030,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,120,000
Current use
MEDICAL BUILDING
$2,380,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,335,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$1,805,000
Change: -15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,745,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±10%
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
$185 / 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
$40,061
Tax year 2023
Assessed value
$3,415,430
Assessed 2023
Previous assessed
$2,968,151
+15.1% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,353,668
Assessed improvement
$2,061,762
Land market value
$1,353,668
Improvement market value
$2,061,762
Total market value
$3,415,430
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
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
8,960 SF
Lot
1.13 ac (49,296 SF)
Zoning code
C-2
APN
13-45-24-06-00031.0140
UPID
US18-3239191
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
$2.1M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Jn Investments LLC
Entity
Mailing address
PO BOX 61352, FORT MYERS, FL 33906-1352
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
—
Jn Investments LLC
—
Deed
related
$180,000 · Midwestone Bank
Jul 19, 2017
—
Jn Investments LLC
—
Deed
related
$1,200,000 · Midwestone Bk
May 23, 2012
$1,200,000
Jn Investments LLC
Northern Trust Co
Grant Deed
$1,200,000 · Northern Tr
—
—
Jn Investments LLC
—
Deed Of Trust
related
$193,457 · Fifth Third Bank
—
—
Jn Investments LLC
—
Loan Modification
related
$1,200,000 · Midwestone Bk
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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