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    Property profile & analytics

    15271 Mcgregor Blvd Fort Myers, FL 33908

    • Outlet malls
    • 93,301 SF
    • 15.13 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5692088
    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

    • Sakura Chinatown / Restaurant
    • The Shack Electronics - Authorized RadioShack Dealer / Electronics & Wireless Store
    • Goodwill Retail & Donation Center / Discount Store
    • Drama Kids International / Tutoring Service / Training Center
    • McGregor Dental at McGregor Point / Dental Office

    Property Details for 15271 Mcgregor Blvd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    15.13 lot acres
    Property size
    93,301 SF
    Zone code
    CG
    Property type
    Outlet malls
    APN
    31-45-24-L2-7000A.0000
    APU
    314524L27000A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,265,000
      Market price range: $4.60M - $16.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $20,190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9401
    Latitude
    26.5193
    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
    $159,092
    $4,342,962
    $8,019,642
    $12,362,604
    -
    $4,342,962
    $8,019,642
    $12,362,604

    Comparable in this City

    • Value Estimation
      $6,145,000
      29,922 SF

      11560 Majestic Palms Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 29,922 SF
      11560 Majestic Palms Blvd, Fort Myers, FL 33908-3465
      View Details
    • Value Estimation
      $8,410,000
      81,528 SF

      17751 Tamiami Trl

      WHOLESALE OUTLET, DISCOUNT STORE • 81,528 SF
      17751 Tamiami Trl, Fort Myers, FL 33908-5072
      View Details
    • Value Estimation
      $18,350,000
      185,986 SF

      15880 San Carlos Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 185,986 SF
      15880 San Carlos Blvd, Fort Myers, FL 33908-3383
      View Details
    • Value Estimation
      $2,345,000
      20,310 SF

      16521 Tamiami Trl

      WHOLESALE OUTLET, DISCOUNT STORE • 20,310 SF
      16521 Tamiami Trl, Fort Myers, FL 33908-4514
      View Details
    • Value Estimation
      $3,015,000
      25,058 SF

      16120 San Carlos Blvd

      SHOPPING CENTER, STRIP CENTER • 25,058 SF
      16120 San Carlos Blvd, Fort Myers, FL 33908-3294
      View Details
    • Value Estimation
      $2,520,000
      14,262 SF

      15751 San Carlos Blvd

      SHOPPING CENTER, STRIP CENTER • 14,262 SF
      15751 San Carlos Blvd, Fort Myers, FL 33908-3314
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,048 SF

      Retail Strip Center For Sale

      Neighborhood retail/flex strip center with high visibility and frontage.
      16120-16200 San Carlos Blvd, Fort Myers, FL 33908
      View Details
    • $2,590,000

      Turnkey Car Wash Business Opportunity

      Profitable, fully equipped car wash in high-traffic location for sale.
      8090 Gladiolus Dr, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      1,508 SF

      Freestanding Restaurant Building For Sale

      1,508 SF restaurant building with frontage on San Carlos Blvd.
      16305 San Carlos Blvd, Fort Myers, FL 33908
      View Details
    • $500,000
      Pending

      Luxury Storage Suite in Fort Myers

      Gated end unit perfect for collectors, hobbies, and entertainment.
      10952 Old Way S, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      5,596 SF

      Visible Daycare Facility on US41

      Highly visible daycare facility in Estero, Lee County, Florida.
      19660 S Tamiami Trl, Fort Myers, FL 33908
      View Details
    • $6,885,471
      5,598 SF

      Harbour Point Waterfront Retail

      Prime FL waterfront retail investment.
      17501 Harbour Pointe Dr, Fort Myers, FL 33908
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Super Target

      Retail space with frontage and monument signage near Super Target.
      Fort Myers, FL 33908
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Fort Myers

      Retail space available in a busy Fort Myers location.
      15271 Mcgregor Blvd, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      3,720 SF

      Retail Space in Fort Myers

      Retail space available in high-traffic Fort Myers shopping center.
      16960-16980 Alico Mission Way, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      57,852 SF

      Island Plaza Retail Center

      Fort Myers Retail Space Available
      15675 Mcgregor Blvd, Fort Myers, FL 33908
      View Details
    • $18 SF/Yr
      4,442 SF

      Retail Space in Target Plaza

      Retail space available in a busy, well-located shopping center.
      11561 Majestic Palms Blvd, Fort Myers, FL 33908
      View Details
    • $25 SF/Yr
      1,250 SF

      Retail Space on South Tamiami

      Retail space for lease on South Tamiami Trail.
      15250 S Tamiami Trl, Fort Myers, FL 33908
      View Details
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    Fort Myers, FL 33908
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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.

    More about this property
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