Property profile

4200 Dr Martin Luther King Blvd Fort Myers, FL 33916

OFF-MARKET
Gas stations
Property ID
US18-6017960
9,800 SF 60.34 ac lot Built 1965
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,800 SF
Lot 60.34 ac (2,628,411 SF)
Zoning code PUD
APN 20-44-25-P2-00101.0010
UPID US18-6017960

Cap rate & NOI

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

Location

4200 Dr Martin Luther King Blvd Fort Myers, FL 33916-4835
Fort Myers metro Census 1204 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
$3.79M
Blend (final) Blend
$9.14M

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

PUD · Fort Myers, FL
Top alternative use upside
Commercial (general) $3.5M +47.8%
Office building $2.7M +12.7%
Medical building $2.6M +9.4%

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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