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    12575 Cleveland Ave Fort Myers, FL 33907-3804
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    Property profile & analytics

    12575 Cleveland Ave, Fort Myers, FL 33907-3804

    View on Map
    • Strip malls
    • 8,960 SF
    • 1.13 lot acres
    Off-Market
    Property ID
    US18-3239191
    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
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 12575 Cleveland Ave

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.13 lot acres
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    13-45-24-06-00031.0140
    APU
    13452406000310140

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.871
    Latitude
    26.5597
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,061
    $1,353,668
    $2,061,762
    $3,415,430
    -
    $1,353,668
    $2,061,762
    $3,415,430

    Comparable in this City

    • Value Estimation
      $805,000
      5,500 SF

      5224 Bank St

      SHOPPING CENTER, STRIP CENTER
      5224 Bank St, Fort Myers, FL 33907-2111
      View Details
    • Value Estimation
      $755,000
      3,600 SF

      1902 Boy Scout Dr, Unit 1920

      SHOPPING CENTER, STRIP CENTER
      1902 Boy Scout Dr, Fort Myers, FL 33907-2133
      View Details
    • Value Estimation
      $5,060,000
      16,500 SF

      12001 Cleveland Ave

      SHOPPING CENTER, STRIP CENTER
      12001 Cleveland Ave, Fort Myers, FL 33907-3752
      View Details
    • Value Estimation
      $1,430,000
      5,060 SF

      11188 Cleveland Ave, Unit 196

      SHOPPING CENTER, STRIP CENTER
      11188 Cleveland Ave, Fort Myers, FL 33907-2320
      View Details
    • Value Estimation
      $5,330,000
      35,960 SF

      5020 Cleveland Ave

      SHOPPING CENTER, STRIP CENTER
      5020 Cleveland Ave, Fort Myers, FL 33907-1310
      View Details
    • Value Estimation
      $2,890,000
      21,351 SF

      12377 Cleveland Ave

      SHOPPING CENTER, STRIP CENTER
      12377 Cleveland Ave, Fort Myers, FL 33907-3899
      View Details

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      Retail Space on S Cleveland

      Retail space available with frontage on S Cleveland Avenue.
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      4,190 SF

      Lifestyle Shopping Center Retail Space

      Retail spaces available in a newly renovated shopping center.
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      Retail Space in Publix-Anchored Center

      Retail space for lease in Fort Myers shopping center.
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      Bell Tower Shops Office Space

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    Fort Myers, FL 33907-3804
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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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