Property profile

4429 Cleveland Ave Fort Myers, FL 33901

FOR LEASE
Community centers
Property ID
US18-4059532
116,455 SF 12.43 ac lot Built 1970
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,317 square foot outparcel is available for lease at the highly visible El Dorado Plaza in Fort Myers, Florida. Located at the signalized intersection of Colonial Boulevard and US-41/Cleveland Avenue, this property benefits from significant traffic flow on two major roadways. The outparcel is part of a thriving 176,898 square foot shopping plaza, currently 100% leased, anchored by strong national and regional tenants including Big Lots, El Dorado Furniture, Redline Athletics, and Hooters. This prime location offers excellent visibility and accessibility, placing your business in close proximity to Edison Mall, a major regional shopping destination. The space is immediately available and presents a unique opportunity for a variety of retail uses. The minimum divisible space is 8,317 square feet, and the maximum contiguous space available is also 8,317 square feet. A new tenant, Vicky's Bakery, Candy Wonderland, recently joined the plaza, further enhancing its appeal and foot traffic. This is an exceptional opportunity to establish a presence in a bustling and well-established retail center. The property's address is 4429 Cleveland Ave, Fort Myers, FL 33901.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1970
Construction STEEL FRAME
Total area 116,455 SF
Lot 12.43 ac (541,553 SF)
Zoning code C1
APN 36-44-24-P4-00018.0040
UPID US18-4059532

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Occupational Health Service Medical Clinic
  • Furniture & Home Goods Home Decor Store
  • Physician
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Location

4429 Cleveland Ave Fort Myers, FL 33901
Fort Myers metro Census 1103 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.92M
Blend (final) Blend
$12.63M

Owner & transaction history

since 2012
5 recorded transactions
2012
$9.0M
2012
Price N/A
2006
$15.5M
2003
$8.0M
1969
Price N/A

Zoning & alternative use

C1 · Fort Myers, FL

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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