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Property profile & analytics
OFF-MARKET Estimated value $3,485,000
Retail space

4231 Colonial Blvd Fort Myers, FL 33966-1060

19,092 SF 2.75 ac lot Built 1981
Individually Owned Free & Clear
Property ID
US18-5496181
Property summary
AI-generated overview

This exceptional 16,851-square-foot single-tenant flex space in Fort Myers, Florida, presents a rare investment opportunity. Situated on a 2.91-acre lot with 243 feet of frontage on Colonial Boulevard, this property boasts high visibility and accessibility, benefiting from approximately 54,379 daily vehicle counts. Built in 1981 and renovated in 2007, the building features all-steel construction with a 14-foot ceiling height and ample parking (50 spaces). Currently zoned PUD, the property is undergoing rezoning to Commercial General (CG), unlocking 47 permitted and 13 conditional uses. Its strategic location directly across from Lee Health's new 520,000-square-foot campus and amidst significant residential development (over 7,500 units in various stages of development) ensures strong future growth potential. The property's versatile nature, combined with its prime location and ongoing improvements, makes it an ideal choice for a variety of businesses. The APN is 32-44-25-P2-00007.0030. This one-story building offers a unique blend of warehouse, manufacturing, and retail capabilities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction STEEL FRAME
Total area 19,092 SF
Lot 2.75 ac (119,790 SF)
Zoning code PUD
APN 32-44-25-P2-00007.0030
UPID US18-5496181
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
  • Family Thrift Center Discount Store
  • Cool It Air Conditioning Repair HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.86M
Comparable Approach Comparable
$2.68M
Blend (final) Blend
$3.49M
Owner & transaction history
Mark A Gleseke
Mark A Gleseke
since 2025
Last sale
$3.7M
7 recorded transactions
2025
$3.7M
2024
Price N/A
2024
$2.2M
2018
Price N/A
2005
$1.7M
2004
$1.2M
2004
$186,701
Zoning & alternative use
PUD · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.3M +7.1%
Medical building $5.1M +2.1%
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