Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5020 S Cleveland Ave Fort Myers, FL 33907

    • Strip malls
    • 35,960 SF
    • 3.27 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    $5,405,000
    Last Sale
    Aug 01, 2022
    $6,150,000
    Location Intelligence
    Property ID
    US18-3717504
    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.

    Current Use by Public Records

    • Chuck E. Cheese / Children'S Amusement Center / Event Venue
    • Buffet City / Buffet Restaurant / Chinese Restaurant
    • Buddy V's Cake Slice / Delivery Restaurant
    • Buffet chino / Buffet Restaurant
    • LL Flooring / Flooring Store / Flooring Contractor

    Property Details for 5020 S Cleveland Ave

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    3.27 lot acres
    Property size
    35,960 SF
    Zone code
    CI
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02-45-24-P3-00065.0020
    APU
    024524P3000650020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,855,000
      6.5%
      $6,425,000
      7%
      $6,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,410,000
      Geo Method
      $6,405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,205,000
      Retail
      $6,730,000
      Mixed-Use
      $5,290,000
      Hospitality
      $6,080,000
      Educational
      $7,170,000
      Residential Income
      $6,050,000
      Energy
      $6,140,000
      Income-Based Land
      $7,100,000
      Food Service
      $5,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8732
    Latitude
    26.5877
    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
    $97,487
    $2,441,388
    $2,732,226
    $5,173,614
    -
    $2,441,388
    $2,732,226
    $5,173,614

    Comparable in this City

    • Value Estimation by Request
      10,080 SF

      1939 Park Mdws Dr

      SHOPPING CENTER, STRIP CENTER • 10,080 SF
      1939 Park Mdws Dr, Fort Myers, FL 33907-3702
      View Details
    • Value Estimation by Request
      9,255 SF

      7001 Cypress Ter

      SHOPPING CENTER, STRIP CENTER • 9,255 SF
      7001 Cypress Ter, Fort Myers, FL 33907-8802
      View Details
    • Value Estimation
      $1,805,000
      11,005 SF

      7890 Summerlin Lks Dr

      SHOPPING CENTER, STRIP CENTER • 11,005 SF
      7890 Summerlin Lks Dr, Fort Myers, FL 33907-1851
      View Details
    • Value Estimation
      $350,000
      3,276 SF

      12791 Kenwood Ln

      SHOPPING CENTER, STRIP CENTER • 3,276 SF
      12791 Kenwood Ln, Fort Myers, FL 33907-5657
      View Details
    • Value Estimation by Request
      8,960 SF

      12575 Cleveland Ave

      SHOPPING CENTER, STRIP CENTER • 8,960 SF
      12575 Cleveland Ave, Fort Myers, FL 33907-3804
      View Details
    • Value Estimation by Request
      8,720 SF

      2150 Colonial Blvd

      SHOPPING CENTER, STRIP CENTER • 8,720 SF
      2150 Colonial Blvd, Fort Myers, FL 33907-1410
      View Details

    Similar Nearby for Sale

    • $3,300,000
      8,100 SF

      Prime Fort Myers Retail Investment

      High-Visibility Retail Space, Value-Add Opportunity
      4805 Cleveland Ave, Fort Myers, FL 33907
      View Details
    • $3,300,000

      Retail Building on US 41

      Retail building with two entrances on US 41.
      4805 S Cleveland Ave, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      1.58 Acres

      Fort Myers Restaurant Space Sublease

      Prime restaurant space for sublease in a bustling retail district.
      12148 S Cleveland Ave, Fort Myers, FL 33907
      View Details
    • $3,384,000
      3,961 SF

      Fort Myers Retail Investment Opportunity

      Corporate leased retail property with long-term tenant and high visibility.
      1701 Boy Scout Dr, Fort Myers, FL 33907
      View Details
    • $189,900
      0.26 Acres

      Established Auto Body Repair Shop

      Fully equipped auto body shop in Fort Myers, Florida.
      1901 Dana Dr, Fort Myers, FL 33907
      View Details
    • $3,700,000
      28,600 SF

      Fort Myers Entertainment Property

      2.33 acre entertainment property in South Fort Myers.
      1901 Crystal Dr, Fort Myers, FL 33907
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space on S Cleveland

      Retail space available with frontage on S Cleveland Avenue.
      11609 S Cleveland Ave, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      31,800 SF

      Retail Space in Fort Myers

      Retail space available in a busy Fort Myers shopping center.
      2150 Colonial Blvd, Fort Myers, FL 33907
      View Details
    • $25 SF/Yr
      14,560 SF

      South Fort Myers Retail Center

      High-traffic retail space available.
      12575 Cleveland Ave, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      78,879 SF

      College Parkway Plaza: Fort Myers Office

      Prime Fort Myers office space available.
      7091 College Pkwy, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      3,980 SF

      Lifestyle Shopping Center Retail Space

      Retail spaces available in a newly renovated shopping center.
      13499 S Cleveland Ave, Fort Myers, FL 33907
      View Details
    • $16 SF/Yr
      6,791 SF

      Retail Space in Fort Myers

      High-traffic location with ample parking and diverse co-tenants.
      1901 Brantley Rd, Fort Myers, FL 33907
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5020 S Cleveland Ave
    Fort Myers, FL 33907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.