16480 Tamiami Trl, Fort Myers, FL 33908
- Retail space
- 20,955 SF
- 1.92 lot acres
Current Use by Public Records
- Retail space
Property Details for 16480 Tamiami Trl
- Year built
- 1980
- Construction
- STEEL FRAME
- Lot size
- 1.92 lot acres
- Zone code
- C-1
- Property type
- Retail space
- APN
- 01-46-24-00-00006.001E
- APU
- 0146240000006001E
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 10, 2025 | $4,100,000 | Mfg Us LLC | Piedmont Fgim Ft Myers S Tamiami Gw | Warranty Deed | $1.2M · Crews Bank & Trust |
| Sep 16, 2020 | — | Piedmont Fgim Ft Myers S Tamia | — | Deed · related | $2.7M · Blueharbor Bk |
| Nov 15, 2018 | $3,168,375 | Piedmont Fgim Ft Myers S Tamiami Gw | Piedmont Developmetn Of Fort Mill A | Warranty Deed | $2.1M · Blueharbor Bank |
| Jun 20, 2018 | $1,700,000 | Piedmont Development Of Fort Mill A | Goodwill Industries Of Southwest Fl | Warranty Deed | — |
| Jan 4, 2011 | — | Goodwill Industries Of Southwest | — | Deed Of Trust · related | $8.5M · Suntrust Bank NA |
| — | — | Piedmont Fgim Ft Myers S Tamia | — | Deed Of Trust · related | $2.7M · Blueharbor Bk |
Description
This exceptional investment opportunity presents a 20,112-square-foot Goodwill storefront located at 16480 S Tamiami Trail, Fort Myers, FL 33908. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $262,500. The absolute NNN lease with Goodwill Industries of Southwest Florida, Inc., a financially robust tenant (2021 revenue: $47.61M, net income: $2.91M), extends until December 30, 2033, offering 9.1 years of remaining lease term. The lease includes 5% rent bumps every five years, ensuring consistent income growth. Built in 1980 and extensively renovated in 2018, the property sits on a 1.92-acre lot with 53 parking spaces. Its prime location within a dense retail corridor (1.7M SF within 2 miles), coupled with a high population density (114,877 residents within 5 miles) and affluent demographics ($134,792 average household income within 1 mile), guarantees strong tenant performance. The property benefits from high visibility at a signalized intersection (S Tamiami Trl & Island Park Rd, 61,650 vehicles per day), proximity to major employers, educational institutions (Florida Southwestern State College & Florida Gulf Coast University), and healthcare facilities (Gulf Coast Medical Center), further enhancing its value. The property is zoned for commercial use and offers a significant return on investment. The asking price is $4,375,000, translating to $217.53 per square foot. Lease options include 3 and 5-year terms.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,580,000
- 6.5%
- $4,230,000
- 7%
- $3,925,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,193,000
Market price range: $1.03M - $3.70M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,455,000 Current use
- OFFICE BUILDING
- $6,080,000 Change: +11% Conversion: Easy
- MEDICAL BUILDING
- $5,570,000 Change: +2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $4,955,000 Change: -9% Conversion: Moderate
- WAREHOUSE, STORAGE
- $4,535,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.858
- Latitude
- 26.5024
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
