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    525 Pne Is Rd North Fort Myers, FL 33903-3720
    Property profile & analytics

    525 Pne Is Rd, North Fort Myers, FL 33903-3720

    View on Map
    • Strip malls
    • 25,910 SF
    • 9.40 lot acres
    Off-Market
    Property ID
    US18-4768791
    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
    $8,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 525 Pne Is Rd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.40 lot acres
    Zone code
    CPD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    03-44-24-02-00000.0130
    APU
    3442402000000130

    Description

    This exceptional retail opportunity is located at 525 Pine Island Rd, North Fort Myers, FL 33903, in Lee County. The property, a multi-tenant strip center, offers six available spaces, ideal for a variety of retail businesses. Each space boasts a minimum divisible square footage of 1,200 square feet, with a maximum contiguous space of 5,000 square feet, providing flexibility for businesses of varying sizes. The property's strategic location in North Fort Myers ensures high visibility and accessibility for customers. Its proximity to a Walmart Plaza further enhances its appeal, drawing significant foot traffic and providing a strong anchor tenant for the area. This presents a unique chance to establish or expand a retail presence in a thriving community. The property is classified as a retail strip center, offering a convenient and attractive shopping experience. The address is easily accessible, providing excellent visibility and convenient access for customers. This is a prime location for businesses seeking high visibility and a strong customer base. The flexible space options cater to a wide range of retail needs, making it an attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,039,000
      Market price range: $3.76M - $10.0M
      AI Estimate
      $6,073,000
      Market price range: $803k - $6.07M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,125,000
      Current use
      COMMERCIAL (GENERAL)
      $9,300,000
      Change: +52% Conversion: Easy
      OFFICE BUILDING
      $7,095,000
      Change: +16% Conversion: Moderate
      MEDICAL BUILDING
      $6,885,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $6,745,000
      Change: +10% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $5,045,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8965
    Latitude
    26.6797
    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
    $140,896
    $3,605,095
    $7,193,994
    $10,799,089
    -
    $3,605,095
    $7,193,994
    $10,799,089

    Comparable in this City

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      10,707 SF

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    • Value Estimation
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      505 Pondella Rd

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    • Value Estimation by Request
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      4421 Hancock Brg Pkwy, Unit 4429

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    • Value Estimation
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      6,650 SF

      1232 Tamiami Trl

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    • Value Estimation
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      4,530 SF

      80 Pondella Rd

      SHOPPING CENTER, STRIP CENTER
      80 Pondella Rd, North Fort Myers, FL 33903-4471
      View Details
    • Value Estimation
      $1,580,000
      13,683 SF

      885 Pondella Rd, Unit 905

      SHOPPING CENTER, STRIP CENTER
      885 Pondella Rd, North Fort Myers, FL 33903-3516
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      7.5 Acres Corner Land Parcel

      7.5 acres corner land parcel with road access.
      14710 N Cleveland Ave, North Fort Myers, FL 33903
      View Details
    • $650,000
      1.41 Acres

      Prime Commercial Land on US 41

      Corner commercial outparcel with high visibility and development approvals.
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      North Fort Myers Commercial Land

      7.5 acres of commercial land with road frontage.
      14710 N Cleveland Ave, North Fort Myers, FL 33903
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      1,727 SF

      North Fort Myers Commercial Space

      Commercial units available for lease in North Fort Myers, FL.
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      Prime US-41 Development Opportunity

      4.46-acre commercial site with high visibility and traffic flow.
      17750 N Tamiami Trl, North Fort Myers, FL 33903
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    • $2,200,000

      North Fort Myers Commercial Property

      Versatile 5,850 sq ft property on 0.61 acres.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Merchants Crossing

      Prime retail space in a high-traffic North Fort Myers location.
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      View Details
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      2,800 SF

      Retail Space in Fort Myers

      Retail space with strong co-tenants near Walmart.
      525-535 Pine Island Rd, North Fort Myers, FL 33903
      View Details
    • Contact for pricing

      Merchants Crossing Retail Space Available

      Retail spaces for lease in North Fort Myers shopping center.
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      View Details
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      2,554 SF

      Retail Space Anchored by Publix

      Retail space in North Fort Myers, anchored by Publix.
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      North Fort Myers Retail Space

      Commercial unit for lease in North Fort Myers, Florida.
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    • $47,400
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      Retail Space on Piney Road

      Retail space available for rent on Piney Road.
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      View Details
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    525 Pne Is Rd
    North Fort Myers, FL 33903-3720
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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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