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    16120 San Carlos Blvd Fort Myers, FL 33908-3294
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    Property profile & analytics

    16120 San Carlos Blvd, Fort Myers, FL 33908-3294

    View on Map
    • Strip malls
    • 25,058 SF
    • 3.34 lot acres
    Off-Market
    Last Sale Aug 24, 2022
    Property ID
    US18-0765121
    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
    $3,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rescue Spa / Spa & Massage Center
    • Creative Theater Workshop / Theater & Performing Art Venue
    • Chocolattés / Cafe & Coffee Shop
    • Haven / Hair Salon
    • Synergy Commercial Group / Real Estate Agency

    Property Details for 16120 San Carlos Blvd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.34 lot acres
    Zone code
    CPD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    06-46-24-00-00003.008A
    APU
    0646240000003008A

    Description

    Kelly Crossing, located at 16120 San Carlos Blvd in Fort Myers, FL, offers a prime retail opportunity in a high-traffic area leading to Fort Myers Beach. This single-story, Class B shopping center boasts approximately 15,100 vehicles per day passing by its significant frontage and pylon signage. Three units are available: Unit 10A, a 1,514 square foot vanilla shell space

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,085,000
      Market price range: $3.64M - $9.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9442
    Latitude
    26.5065
    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
    $58,598
    $2,162,251
    $2,086,015
    $4,248,266
    -
    $2,162,251
    $2,086,015
    $4,248,266

    Comparable in this City

    • Value Estimation
      $2,605,000
      13,737 SF

      17640 Tamiami Trl, Unit 680

      SHOPPING CENTER, STRIP CENTER
      17640 Tamiami Trl, Fort Myers, FL 33908-4840
      View Details
    • Value Estimation
      $2,520,000
      14,262 SF

      15751 San Carlos Blvd

      SHOPPING CENTER, STRIP CENTER
      15751 San Carlos Blvd, Fort Myers, FL 33908-3314
      View Details
    • Value Estimation
      $1,240,000
      7,767 SF

      19133 Tamiami Trl, Unit 147

      SHOPPING CENTER, STRIP CENTER
      19133 Tamiami Trl, Fort Myers, FL 33908-4707
      View Details
    • Value Estimation
      $1,915,000
      16,738 SF

      15248 Tamiami Trl

      SHOPPING CENTER, STRIP CENTER
      15248 Tamiami Trl, Fort Myers, FL 33908-7219
      View Details
    • Value Estimation
      $1,050,000
      966 SF

      16387 Tamiami Trl

      SHOPPING CENTER, STRIP CENTER
      16387 Tamiami Trl, Fort Myers, FL 33908-5317
      View Details
    • Value Estimation
      $780,000
      6,050 SF

      16200 San Carlos Blvd

      SHOPPING CENTER, STRIP CENTER
      16200 San Carlos Blvd, Fort Myers, FL 33908-3374
      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
    • Contact for pricing
      Pending

      Commercial Strip Plaza with Warehouse

      Six-unit plaza with warehouse, updated and ready for retail/office.
      15630 Mcgregor Blvd, Fort Myers, FL 33908
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    • $885,000
      3,000 SF

      Commercial Building on San Carlos Boulevard

      High-visibility commercial building ready for custom build-out in Fort Myers.
      16541 San Carlos Blvd, Fort Myers, FL 33908
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      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
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      5,398 SF

      Restaurant Redevelopment Opportunity in Fort Myers

      Freestanding restaurant on 1.51 acres in HealthPark Medical District.
      9001 Park Royal Dr, Fort Myers, FL 33908
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      3,720 SF

      1.62 Acre Redevelopment Site

      1.62 acre hard corner site ideal for redevelopment.
      19630-19650 S Tamiami Trl, Fort Myers, FL 33908
      View Details

    Similar Nearby for Lease

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      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
      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
      4,442 SF

      Retail Space in Target Plaza

      Retail space available in a busy, well-located shopping center.
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      850 SF

      Retail/Office Space on US41

      Commercial retail or office space on South Tamiami Trail.
      15248 S Tamiami Trl, Fort Myers, FL 33908
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      Retail Space in Alico Commons

      Retail space for lease in a high-traffic Fort Myers location.
      16960 Alico Mission Way, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      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 33908-3294
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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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