Property profile

1791 Boy Scout Dr Fort Myers, FL 33907

OFF-MARKET
Strip malls
Property ID
US18-9435856
9,480 SF 0.95 ac lot Built 1999
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 9,382 square foot retail shopping center in Fort Myers, Florida, presents a compelling value-add investment opportunity. Located at 1791 Boy Scout Dr., this single-story, 100% occupied property boasts six tenants, including a national anchor tenant, Tropical Smoothie Cafe, with a drive-thru and corporate guarantee. The center features approximately 270 feet of frontage on Boy Scout Drive, situated at a signalized intersection providing excellent visibility and accessibility. Built in 1999, the property is zoned B2 and offers a Net Operating Income (NOI) of $86,879, resulting in a 2.29% cap rate. The asking price is $3,800,000, translating to $405.03 per square foot. The current lease type is NNN, and the property benefits from below-market rents and leases expiring soon, presenting significant upside potential for value-add improvements. This fully leased investment opportunity is ideal for investors seeking strong cash flow and future appreciation. The property's strategic location and tenant mix, combined with its potential for increased rental income, make it a highly attractive investment prospect. The property's prominent location at a signalized intersection ensures high visibility and accessibility for tenants and customers alike. Pylon signage further enhances visibility from Boy Scout Drive.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction STEEL FRAME
Total area 9,480 SF
Lot 0.95 ac (41,297 SF)
Zoning code CI
APN 11-45-24-P2-02800.0020
UPID US18-9435856

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Restaurant
  • Take-out & Catering
  • Home Health Care Service
  • Alternative Medicine Practice

Location

1791 Boy Scout Dr Fort Myers, FL 33907-2137
Fort Myers metro Census 1401 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2008
5 recorded transactions
2008
$2.3M
2004
$2.0M
1999
Price N/A
1998
$546,400
1969
Price N/A

Zoning & alternative use

CI · Fort Myers, FL
Zoning description

It is the express intent of CI District to provide areas for more intense commercial development and commerce while maintaining an attractive community.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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