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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2546 Franklin St Fort Myers, FL 33901

    • Gas stations
    • 4,570 SF
    • 0.85 lot acres
    For Sale
    View listing
    $2,399,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5395908
    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.

    Current Use by Public Records

    • Traffic Safety Solutions, Inc. / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 2546 Franklin St

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.85 lot acres
    Property size
    4,570 SF
    Zone code
    C1
    Property type
    Gas stations
    APN
    24-44-24-P3-0230B.0090
    APU
    244424P30230B0090

    Description

    This exceptional two-story industrial warehouse, totaling 5,454 square feet, presents a rare opportunity in Fort Myers. Built in 1977, this Class C building boasts five convenient drive-in bays, facilitating efficient loading and unloading. Situated on a 0.85-acre lot, the property features a fully paved and gated area, enhancing security and accessibility. The zoning designation is LI/CI, offering flexibility for various industrial and commercial uses. The building's layout includes both warehouse and office space, catering to diverse operational needs. Its strategic location between Franklin and Dora Streets provides drive-through access from both, ensuring seamless logistics. This well-maintained property offers a unique blend of functionality and prime location, making it ideal for owner-occupiers or investors seeking a strong return. The single-tenant occupancy provides a straightforward investment opportunity with minimal management complexities. The building's substantial size and convenient features make it suitable for a wide range of businesses seeking a versatile and efficient workspace in a thriving area of Lee County. This is a remarkable chance to acquire a well-established industrial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $743,000
      Market price range: $258k - $891k
      AI Estimate
      $540,000
      Market price range: $233k - $675k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $645,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8612
    Latitude
    26.6313
    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
    $9,011
    $230,465
    $373,796
    $604,261
    -
    $230,465
    $373,796
    $604,261

    Comparable in this City

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      $580,000
      4,200 SF

      2658 Ss St

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      View Details
    • Value Estimation
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      6,104 SF

      2475 Fowler St

      SERVICE STATION (FULL SERVICE) • 6,104 SF
      2475 Fowler St, Fort Myers, FL 33901-5129
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    • Value Estimation by Request
      1,169 SF

      2551 Hanson St

      SERVICE STATION (FULL SERVICE) • 1,169 SF
      2551 Hanson St, Fort Myers, FL 33901-7456
      View Details
    • Value Estimation
      $1,325,000
      7,726 SF

      2315 Dr Martin Luther King Blvd

      SERVICE STATION (FULL SERVICE) • 7,726 SF
      2315 Dr Martin Luther King Blvd, Fort Myers, FL 33901-3648
      View Details
    • Value Estimation
      $1,020,000
      8,064 SF

      4028 Cleveland Ave

      SERVICE STATION (FULL SERVICE) • 8,064 SF
      4028 Cleveland Ave, Fort Myers, FL 33901-9002
      View Details
    • Value Estimation
      $660,000
      7,320 SF

      2081 Alicia St

      SERVICE STATION (FULL SERVICE) • 7,320 SF
      2081 Alicia St, Fort Myers, FL 33901-3925
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      INVESTMENT PROPERTY WITH LONG-TERM TENANT

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    Similar Nearby for Lease

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      Fort Myers Retail Space For Lease

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      Fort Myers Retail Space Available
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      Renovated Downtown Retail/Office Space

      Renovated retail and office space in walkable downtown location.
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      Downtown Fort Myers Retail Space

      High-traffic retail space in downtown Fort Myers for lease.
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      Multi-Tenant Retail/Office/Flex Building

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      View Details
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    2546 Franklin St
    Fort Myers, FL 33901
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    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
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