Property profile

2315 Dr Martin Luther King Blvd Fort Myers, FL 33901

OFF-MARKET
Gas stations
Property ID
US18-4469835
7,726 SF 0.4 ac lot Built 1952
Entity Owned 19-yr Hold Free & Clear
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Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,726 SF
Lot 0.4 ac (17,500 SF)
Zoning code U-CTR
APN 13-44-24-P4-02200.0030
UPID US18-4469835

Cap rate & NOI

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

Location

2315 Dr Martin Luther King Blvd Fort Myers, FL 33901-3648
Fort Myers metro Census 80300 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
1969
Price N/A

Zoning & alternative use

U-CTR · Fort Myers, FL
Zoning description

The urban center zoning areas are established to protect the pedestrian friendly fabric of the historic downtown core and the center of each surrounding neighborhood. Ground floor retail is encouraged.

General category COMMERCIAL
Top alternative use upside
Retail stores $2.2M +99.6%
Medical building $2.1M +87.9%
Neighborhood: shopping center $1.8M +67.2%

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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