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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Banks

20251 Summerlin Rd Fort Myers, FL 33908-3761

5,564 SF 0.98 ac lot Built 2004
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-2507390
Property summary
AI-generated overview

This exceptional 3,721 square foot former bank branch, located at 20251 Summerlin Rd, Fort Myers, FL 33908, presents a unique investment opportunity. The single-story, 2004-built building sits on a 0.98-acre lot and boasts 38 parking spaces, providing ample room for customers and staff. Recently renovated, the property features a new metal roof, 17.5 tons of new HVAC, fresh exterior paint, and a new ADT alarm system. A new parking lot and updated irrigation/landscaping are also in place. Constructed of concrete block with impact windows and 3-phase electrical power, the building offers 12-foot interior ceilings and a secure bank vault. Importantly, there are no financial restrictions on the property, a rare advantage for former bank branches. The property is serviced by city water/sewer and natural gas. This vacant building, with an occupancy date of November 1, 2024, offers excellent visibility on Summerlin Rd, just 3 miles from the Sanibel Causeway. Four drive-thrus offer potential for conversion into covered parking or storage. Easy ingress and egress are ensured by the ample parking and overflow access to a nearby Publix center. The property is being offered below replacement cost and a generous build-out allowance is available for a tenant. The building is zoned for commercial use. Consider this prime location for a professional office or retail business seeking Sanibel access without Sanibel real estate prices. The property is available for sale or lease as an NNN (Net Lease) investment.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,564 SF
Lot 0.98 ac (42,688 SF)
Zoning code CPD
APN 11-46-23-02-00000.0020
UPID US18-2507390
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BB&T Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
$902k
Blend (final) Blend
$1.38M
Owner & transaction history
Summerlin Argentavis LLC · 2 yrs held
Summerlin Argentavis LLC
since 2024
Last sale
$1.4M
3 recorded transactions
2024
$1.4M
2021
$1.3M
2010
$1.7M
Zoning & alternative use
CPD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.0M +69.0%
Office building $1.6M +36.6%
Medical building $1.5M +25.1%
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