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Property profile & analytics
OFF-MARKET Estimated value $1,060,000
Office buildings

13240 Cleveland Ave North Fort Myers, FL 33903-4855

14,020 SF 2.25 ac lot Built 1979
Entity Owned 8-yr Hold Free & Clear
Property ID
US18-9660278
Property summary
AI-generated overview

This single-story, 14,000-square-foot commercial plaza, located at 13240 N Cleveland Ave in North Fort Myers, Florida, presents a unique investment opportunity. Built in 1979 and renovated in 2018, the property boasts 12 suites, with one suite currently vacant at 1,200 square feet, offering a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,200 square feet. Situated on a 2.25-acre lot, this Class C building benefits from a C-1A zoning designation. The property enjoys high visibility on N. Cleveland Avenue, a major thoroughfare with over 53,000 vehicles passing daily, providing excellent exposure for businesses. Its location just north of the Caloosahatchee River, close to downtown Fort Myers and the central business district, ensures convenient access to a large customer base. The average household income within a two-mile radius exceeds $60,000 annually, indicating strong consumer spending power. The property is ideal for various uses, including medical offices, retail establishments, adult day care centers, hair salons, or general professional practices. Pylon and building signage opportunities further enhance visibility and marketing potential. This prime location within an active retail corridor, featuring both national and local tenants, makes this a compelling investment prospect in a thriving market. The zip code is 33903.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,020 SF
Lot 2.25 ac (98,010 SF)
Zoning code CC
APN 11-44-24-00-00017.4B40
UPID US18-9660278
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.06M
Owner & transaction history
North River Center LLC · 8 yrs held
North River Center LLC
since 2018
Last sale
$940,000
1 recorded transaction
2018
$830,000
Zoning & alternative use
CC · North Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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