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    3429 Willard St Fort Myers, FL 33916
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    3429 Willard St Fort Myers, FL 33916

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    • Commercial real estate
    Off-Market
    Property ID
    US18-2776458
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3429 Willard St

    Property type
    Commercial real estate

    Description

    This exceptional .34-acre commercial lot presents a remarkable opportunity for development in the thriving Fort Myers, Florida market. Located at 3429 Willard St., Fort Myers, FL 33916, this property boasts a highly desirable location, offering convenient access to Edison Avenue and Veronica Shoemaker Boulevard, ensuring excellent visibility and connectivity. The lot is already cleared, eliminating significant pre-construction expenses and expediting the building process. The property is zoned CG, providing flexibility for a variety of commercial uses, making it ideal for entrepreneurs and investors seeking a strategic foothold in a rapidly growing area. Priced competitively at $320,000, this land parcel represents an exceptional value proposition in a prime location. Its strategic positioning and readiness for immediate development make it an attractive investment opportunity for those seeking to capitalize on the robust commercial real estate market in Lee County. The property's address is precisely 3429 Willard St., Fort Myers, FL 33916, with GPS coordinates of 26.63324 latitude and -81.84294 longitude. Don't miss this chance to acquire a prime piece of commercial real estate in a dynamic and expanding area. Act quickly, as this property is priced to sell.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.84294
    Latitude
    26.63324

    Comparable in this City

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      204,732 SF

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      269,201 SF

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    • $300,000
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      Fort Myers Commercial Lot

      1.79 acre commercial lot on Billy's Creek.
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    • $175,000
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      Fort Myers Corner Commercial Lot

      Corner lot with high traffic count in Fort Myers.
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    Similar Nearby for Sale

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      269,201 SF

      Fort Myers Land Opportunity

      Land available for self-storage or industrial development.
      3670 Metro Pkwy, Fort Myers, FL 33916
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      8.17 Acre Site For Sale

      8.17+/- acre site ideal for outdoor storage or fleet parking.
      3960 Canal St, Fort Myers, FL 33916
      View Details
    • Contact for pricing

      Commercial Land Near Downtown

      0.70 acre commercial land near I-75 and Downtown Fort Myers.
      3159 Dr Martin Luther King Jr Blvd, Fort Myers, FL 33916
      View Details
    • $1,250,000
      204,732 SF

      Commercial Land For Sale

      4.7 acre commercial land with development potential.
      Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $175,000
      0.27 Acres

      Fort Myers Corner Commercial Lot

      Corner lot with high traffic count in Fort Myers.
      3545 Canal St, Fort Myers, FL 33916
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    • $1,700,000
      1.11 Acres

      Fort Myers Commercial Land Opportunity

      C-1 zoned commercial property with owner financing available.
      1280 Williams St, Fort Myers, FL 33916
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    Similar Nearby for Lease

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      9.21 Acres IOS Land Lease

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      Industrial Property with Secured Outdoor

      Industrial spaces for lease with secured yard and warehouse.
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      Secured Yard Space For Rent

      One acre secured yard with controlled access and surveillance.
      2931 Michigan Ave, Fort Myers, FL 33916
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      Secured Industrial Property For Rent

      2.28-acre heavy industrial property with office space and yard.
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      Secured Industrial Property For Rent

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      3401 Old Metro Pkwy, Fort Myers, FL 33916
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      Secured Yard Space For Rent

      One acre of secured yard space with controlled access.
      2931 Michigan Ave, Fort Myers, FL 33916
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    3429 Willard St
    Fort Myers, FL 33916
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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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