Property profile

5673 Hwy 31 Arcadia, FL 34266

OFF-MARKET
Other individual retail properties
Property ID
US18-3324420
12,089 SF 25.88 ac lot Built 1968
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a former gymnasium building providing over 21,000 square feet of interior space in South DeSoto County, located directly off Highway 31. The facility was historically used for a state-owned juvenile justice center and includes both office space and a dedicated shop area. The building configuration could support uses such as a warehouse or retail shop, subject to applicable zoning and code requirements. The site is situated approximately 5 minutes from Arcadia and about 35 minutes from Fort Myers, Punta Gorda/Port Charlotte, and I-75. An adjacent property exists and may be held separately from this building.

Property profile

Verified
Property type Other individual retail properties
Use group GYM, HEALTH SPA
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,089 SF
Lot 25.88 ac (1,127,333 SF)
Zoning code PUD
APN 27-38-25-0000-0070-0000
UPID US18-3324420

Cap rate & NOI

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

Location

5673 Hwy 31 Arcadia, FL 34266
Arcadia metro Census 10406 ARCADIA, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$610k

Owner & transaction history

since 2023
Last sale
$635,000
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$635,000
2021
Price N/A
2021
$135,000
2020
$500,000
2020
$1.0M

Zoning & alternative use

PUD · Arcadia, FL
Zoning description

B. Location: PUD-MU districts shall be permitted where they facilitate ease and convenience of use; where negative impacts on the surrounding transportation systems, public services, and surrounding land uses will be min…

General category PLANNED_DEVELOPMENT

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5673 Hwy 31?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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