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Property profile & analytics
FOR SALE
Investment properties

3131 E Riverside Dr Fort Myers, FL 33916

12,823 SF 1.06 ac lot Built 1935
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US19-0520058
Property summary
AI-generated overview

This exceptional 24,700-square-foot industrial property, located at 3131 E Riverside Dr in Fort Myers, Florida, presents a unique investment opportunity. Situated on a 1.06-acre lot (plus an additional 0.41 acres across the street), this single-story building boasts a prime location on the Caloosahatchee River, close to the historic Downtown River District. Built in 1935 and extensively renovated in 2023, the property features a new Firestone TPO roof with a multi-year warranty on the waterfront office sections, new 175mph hurricane-resistant windows with a lifetime warranty, and new HVAC systems installed post-Hurricane Ian. Modern upgrades include LED lighting and high-speed WiFi with Google Nest integration. The property includes 8 roadside parking spaces and 6 spaces within a gated, fenced, and security-lit area. An adjacent lot, recently purchased by the City of Fort Myers, is planned for dredging a river channel, and there are plans for additional parking on an adjacent lot if needed. The property also features a rooftop terrace. The property is zoned CG (Commercial General), with the adjacent lot zoned RM16. The 2023 property taxes were $15,388. Available for sale at $4,795,000 or for lease

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,823 SF
Lot 1.06 ac (46,100 SF)
Zoning code CG
APN 07-44-25-P4-00109.0080
UPID US19-0520058
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
  • Digital Date Destruction Computer & Electronic Repair (Bike/Boat/Book/etc) Store
  • Jacks Place Fort Myers Corporate Office
  • CD Rom, Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
  • eTriage, Inc. Tech Support Center (Bike/Boat/Book/etc) Store
  • Home Pros Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.46M
Owner & transaction history
Jacks Place LLC · 15 yrs held
Jacks Place LLC
since 2011
7 recorded transactions
2023
Price N/A
2020
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2011
$1.0M
2010
Price N/A
Zoning & alternative use
CG · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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