Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17651 San Carlos Blvd Fort Myers Beach, FL 33931
    Property profile & analytics

    17651 San Carlos Blvd, Fort Myers Beach, FL 33931

    View on Map
    • Bowling alleys
    • 14,420 SF
    • 2.06 lot acres
    For Sale
    $4,250,000
    View Listing →
    Versatile Property on San Carlos Blvd For Sale
    $4,250,000
    13,250 SF

    Versatile Property on San Carlos Blvd

    2.23-acre property with redevelopment potential and Gulf access.

    17651 San Carlos Blvd, Fort Myers Beach, FL 33931
    View Listing
    Property ID
    US18-0945586
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bowling alleys

    Property Details for 17651 San Carlos Blvd

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.06 lot acres
    Zone code
    C-2
    Property type
    Bowling alleys
    APN
    07-46-24-01-00007.001A
    APU
    0746240100007001A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 14, 2020 $1,300,000 Robert Dullard Mary A Mccarthy Grant Deed —
    Nov 29, 1999 $1,100,000 William Maurer Mccarthy,burton J & Mary A Grant Deed $274k · Suntrust Bank Southwest Fl
    — — William Maurer — Deed Of Trust · related $250k · Us Small Business Admn
    — — William Maurer — Deed Of Trust · related $197k · Mccarthy Family Trust (pt)

    Description

    This exceptional 13,250 square foot building sits on a sprawling 2.23-acre lot in Fort Myers Beach, Florida, offering unparalleled versatility and prime waterfront access. Located at 17651 San Carlos Blvd, zip code 33931, this property is zoned C-2 (Lee County) and currently vacant, presenting a blank canvas for a diverse range of development opportunities. The existing structure provides ample space for various uses, including office, retail, or a combination thereof. The expansive lot allows for significant expansion or additional parking. This property is particularly attractive for developers due to its eligibility under the Live Local Act, permitting up to 28-story multifamily redevelopment. Adding to its unique appeal, the property boasts Gulf access with two existing dock slips and the potential to add two more. This exceptional location, combined with its zoning and development potential, makes this a truly rare and highly desirable investment opportunity. The asking price is $4,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,580,000
      ML approach
      $1,545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,284,000
      Market price range: $633k - $10.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9438
    Latitude
    26.4838
    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
    $17,609
    $808,527
    $361,873
    $1,170,400
    -
    $808,527
    $361,873
    $1,170,400

    Comparable in this City

    • Value Estimation
      $640,000
      17,636 SF

      2731 Oak St

      ARENA, CONVENTION CENTER
      2731 Oak St, Fort Myers Beach, FL 33931-3517
      View Details
    • Value Estimation by Request
      8,234 SF

      6425 Estero Blvd

      THEATER (MOVIE)
      6425 Estero Blvd, Fort Myers Beach, FL 33931-4422
      View Details
    • Value Estimation by Request
      1,376 SF

      6640 Estero Blvd

      RECREATIONAL, ENTERTAINMENT
      6640 Estero Blvd, Fort Myers Beach, FL 33931-4512
      View Details
    • Value Estimation by Request
      0.20 Acres

      Estero Blvd

      VACANT COMMERCIAL LAND
      Estero Blvd, Fort Myers Beach, FL 33931
      View Details
    • Value Estimation by Request
      0.54 Acres

      1840 Estero Blvd, Unit 101

      HOTEL/MOTEL
      1840 Estero Blvd, Fort Myers Beach, FL 33931-2818
      View Details
    • Value Estimation by Request
      3.06 Acres

      266 Mango St

      WASTE DISPOSAL, SEWAGE
      266 Mango St, Fort Myers Beach, FL 33931-3235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,452 SF

      Retail Center on San Carlos Boulevard

      Retail spaces available in renovated Fort Myers Beach shopping center.
      17260-17284 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      High-Visibility Corner Retail Space

      Updated commercial building with drive-through and high traffic volume.
      19003 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land with drive-thru opportunity in renovated plaza.
      17260 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      Fort Myers Beach Retail Space

      70,000 SF shopping plaza on Fort Myers Beach.
      7205 Estero Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing

      San Carlos Blvd Commercial Site

      Commercial site located on San Carlos Blvd in Fort Myers.
      17220 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    • Contact for pricing
      2,864 SF

      Retail Center on San Carlos Boulevard

      Retail spaces available in renovated Fort Myers shopping center.
      17264 San Carlos Blvd, Fort Myers Beach, FL 33931
      View Details
    View Listing
    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.
    17651 San Carlos Blvd
    Fort Myers Beach, FL 33931
    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

    Thank You for Inquiry
    17651 San Carlos Blvd, Fort Myers Beach, FL, 33931
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!