Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12995 Cleveland Ave Fort Myers, FL 33907

    • Office buildings
    • 8,917 SF
    • 8.72 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4274519
    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.

    Current Use by Public Records

    • Guns Galore of Fort Myers LLC / Gun Shop
    • Executive Bullion / (Bike/Boat/Book/etc) Store
    • Legacy Construction Group FL, LLC / General Contractor
    • Healthcare & Therapy Services - Physical Therapy / Medical Clinic
    • First Care Medical Centers PA / Pediatrician / Physician

    Property Details for 12995 Cleveland Ave

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    8.72 lot acres
    Property size
    8,917 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    24-45-24-00-00005.002C
    APU
    2445240000005002C

    Description

    Pinebrook Park, located at 12995 S Cleveland Ave, Fort Myers, FL 33907, offers a diverse range of commercial spaces for lease. This Class C property, built in 1980, comprises three two-story buildings totaling 133,624 square feet. The property features a variety of office space options, including executive suites and traditional office spaces, as well as retail and medical office space. Units range from a minimum of 587 square feet to a maximum contiguous space of 3,146 square feet, with a total of 118 suites available across the complex. The property boasts 125 parking spaces and elevators for convenient access. Zoned C1-Commercial, Pinebrook Park benefits from a prime location on S Cleveland Avenue, south of College Parkway, with multiple access points via US-41, Big Pine Way, and Austin Street. The property enjoys high traffic counts, a strong tenant mix including an Outback Steakhouse anchor, and a prominent electronic billboard. The Lee County location offers excellent visibility and accessibility. One-year lease terms are available. The property's APN is 24-45-24-00-00005.002C.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,725,000
      6.5%
      $2,515,000
      7%
      $2,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,673,000
      Market price range: $1.08M - $2.67M
      AI Estimate
      $3,444,000
      Market price range: $789k - $3.44M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,795,000
      Current use
      COMMERCIAL (GENERAL)
      $3,200,000
      Change: +78% Conversion: Easy
      MEDICAL BUILDING
      $2,370,000
      Change: +32% Conversion: Easy
      RETAIL STORES
      $2,320,000
      Change: +29% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,110,000
      Change: +17% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,735,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8705
    Latitude
    26.553
    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
    $122,377
    $3,621,155
    $5,944,999
    $9,566,154
    -
    $3,621,155
    $5,944,999
    $9,566,154

    Comparable in this City

    • Value Estimation
      $1,265,000
      4,878 SF

      12411 Brantley Cmns Ct

      PROFESSIONAL BUILDING • 4,878 SF
      12411 Brantley Cmns Ct, Fort Myers, FL 33907-5679
      View Details
    • Value Estimation
      $2,670,000
      9,170 SF

      13250 University Ctr Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,170 SF
      13250 University Ctr Blvd, Fort Myers, FL 33907-5717
      View Details
    • Value Estimation by Request
      437 SF

      12734 Kenwood Ln Ste, Unit 32

      PROFESSIONAL BUILDING • 437 SF
      12734 Kenwood Ln Ste, Fort Myers, FL 33907-5639
      View Details
    • Value Estimation by Request
      437 SF

      12734 Kenwood Ln Ste, Unit 35

      OFFICE BUILDING • 437 SF
      12734 Kenwood Ln Ste, Fort Myers, FL 33907-5639
      View Details
    • Value Estimation by Request
      437 SF

      12734 Kenwood Ln Ste, Unit 37

      OFFICE BUILDING • 437 SF
      12734 Kenwood Ln Ste, Fort Myers, FL 33907-5639
      View Details
    • Value Estimation by Request
      437 SF

      12734 Kenwood Ln Ste, Unit 48

      OFFICE BUILDING • 437 SF
      12734 Kenwood Ln Ste, Fort Myers, FL 33907-5639
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fort Myers Office Building Investment

      20,516 SF office building with flexible layout in Fort Myers.
      20 Barkley Cir, Fort Myers, FL 33907
      View Details
    • Contact for pricing

      Fort Myers Office Building Investment

      20,516 SF office building with 7 units for sale.
      20 Barkley Cir, Fort Myers, FL 33907
      View Details
    • $1,950,000
      1.12 Acres

      Fort Myers Commercial Building For Sale

      Over 10,000 sq ft building with long-term tenants.
      1910 Park Meadows Dr, Fort Myers, FL 33907
      View Details
    • $460,000

      Fort Myers Office Investment Opportunity

      1,620 SF building in a strategic Fort Myers location.
      10970 South Cleveland Ave, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      2,250 SF

      Class A Office Space Available

      Professional office space with reception, offices, and conference room.
      12670 New Brittany Blvd, Fort Myers, FL 33907
      View Details
    • $5,250,000
      1.69 Acres

      Fort Myers Medical/Office Building

      Medical/office building in Fort Myers, great for owner or investor.
      12731 New Brittany Blvd, Fort Myers, FL 33907
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,755 SF

      Fort Myers Office Space Available

      Class "B" office building ideal for medical or professional use.
      13515 Bell Tower Dr, Fort Myers, FL 33907
      View Details
    • $22 SF/Yr
      18,240 SF

      Fort Myers Office Space for Lease

      Prime Fort Myers Office Building, Multiple Suites Available
      13515 Bell Tower Dr, Fort Myers, FL 33907
      View Details
    • $20 SF/Yr
      1,600 SF

      Brantley Commons Executive Office Suite

      Fort Myers Executive Office Space For Lease
      12500 Brantley Commons Ct, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      39,200 SF

      Fort Myers Office/Retail Space

      Professional office/retail space in high visibility Fort Myers location.
      4531 Deleon St, Fort Myers, FL 33907
      View Details
    • $22 SF/Yr
      1,626 SF

      Fort Myers Office Space for Lease

      1626 sq ft, prime location, flexible layout
      1705 Colonial Blvd, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      11,000 SF

      High-Visibility Office Space Available

      Office space for rent with ample parking and easy access.
      7950 Summerlin Lakes Dr, Fort Myers, FL 33907
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12995 Cleveland Ave
    Fort Myers, FL 33907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!