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    3792 Cleveland Ave Fort Myers, FL 33901-7909
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    Property profile & analytics

    3792 Cleveland Ave, Fort Myers, FL 33901-7909

    View on Map
    • Retail space
    • 6,888 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US18-5157166
    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
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Liberty Tax / Accounting Firm / Tax Preparation

    Property Details for 3792 Cleveland Ave

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Zone code
    C1
    Property type
    Retail space
    APN
    35-44-24-P2-00901.0010
    APU
    354424P2009010010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 8, 2012 $75,000 Rascal Ents Of Swfl INC Marshalls Hamburgers INC Grant Deed —
    Apr 15, 2009 — Senseman Vercil F Family Trust Senseman Vercil F Trust Quit Claim Deed · related —
    Mar 12, 2007 — Senseman Vercil F Family Trust Senseman Vercil F Trust Quit Claim Deed · related —
    Oct 30, 2006 — Senseman Vercil F Trust Senseman V F Living Trust Quit Claim Deed —
    Jun 25, 2001 $18,000 Vercil E LLP Senseman,vercil F Quit Claim Deed · related —
    Jun 25, 2001 — Teresa A Kincade Senseman,tr Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $603,000
      Market price range: $387k - $1.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8723
    Latitude
    26.6073
    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
    $14,365
    $208,656
    $567,107
    $775,763
    -
    $208,656
    $567,107
    $775,763

    Comparable in this City

    • Value Estimation
      $2,200,000
      9,742 SF

      3010 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      3010 Cleveland Ave, Fort Myers, FL 33901-7001
      View Details
    • Value Estimation
      $850,000
      5,328 SF

      3207 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      3207 Cleveland Ave, Fort Myers, FL 33901-7102
      View Details
    • Value Estimation
      $1,550,000
      6,712 SF

      2506 Dr Martin Luther King Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2506 Dr Martin Luther King Blvd, Fort Myers, FL 33901-3900
      View Details
    • Value Estimation
      $1,060,000
      9,240 SF

      2328 Fowler St

      RETAIL STORES (PERSONAL SERVICES)
      2328 Fowler St, Fort Myers, FL 33901-5140
      View Details
    • Value Estimation
      $930,000
      6,000 SF

      3919 Fowler St

      RETAIL STORES (PERSONAL SERVICES)
      3919 Fowler St, Fort Myers, FL 33901-2605
      View Details
    • Value Estimation
      $1,120,000
      5,850 SF

      3341 Fowler St, Unit 3355

      RETAIL STORES (PERSONAL SERVICES)
      3341 Fowler St, Fort Myers, FL 33901-7357
      View Details

    Similar Nearby for Sale

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      22,170 SF

      Leased Retail Center in Fort Myers

      100% leased retail center with immediate cash flow.
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      Profitable Fort Myers Investment Property

      Free-standing building with 12 fully leased units and ample parking.
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      10,000 SF

      Retail & Industrial Investment Opportunity

      High visibility retail and industrial space for sale.
      2941 Fowler St, Fort Myers, FL 33901
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      3,424 SF

      Midtown Fort Myers Retail Space

      Fully built-out retail space available in Midtown Fort Myers.
      2205 Broadway, Fort Myers, FL 33901
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    Similar Nearby for Lease

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      1,147 SF

      Retail Space in Downtown Fort Myers

      High-traffic retail space in the heart of downtown Fort Myers.
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      View Details
    • Contact for pricing
      2,200 SF

      High-Visibility Retail/Office/Showroom Space

      2,200 SF space with high traffic count.
      2960 S Cleveland Ave, Fort Myers, FL 33901
      View Details
    • $16 SF/Yr

      Retail/Office Space in Fort Myers

      Versatile retail or office space with high traffic count.
      2960-2976 S Cleveland Ave, Fort Myers, FL 33901
      View Details
    • Contact for pricing
      4,174 SF

      Retail Space Near Edison Mall

      Retail plaza with frontage on Cleveland Avenue available for lease.
      4380 Cleveland Ave, Fort Myers, FL 33901
      View Details
    • Contact for pricing
      1,416 SF

      Downtown Fort Myers Retail Space

      High-traffic retail space in downtown Fort Myers for lease.
      2023 Altamont Ave, Fort Myers, FL 33901
      View Details
    • Contact for pricing

      Retail Suites in Fort Myers

      Flexible commercial suites available in a neighborhood retail center.
      3068-3082 Fowler St, Fort Myers, FL 33901
      View Details
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    Fort Myers, FL 33901-7909
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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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    3792 Cleveland Ave, Fort Myers, FL, 33901
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