7128 Estero Blvd 32 Fort Myers Beach, FL 33931-4706
This exceptional 7,709-square-foot office building presents a unique redevelopment opportunity on the south end of Fort Myers Beach, Florida. Situated on a 0.67-acre lot at 7128 Estero Blvd, zip code 33931, in Lee County, this two-story structure is currently vacant, offering a blank canvas for a discerning investor. The property is zoned CO and boasts a prime location directly across from Santini Plaza, surrounded by high-rise condominiums and upscale retail establishments. This makes it an ideal location to capitalize on the thriving Fort Myers Beach market, particularly given its position in the area that was first to recover. A recent engineering evaluation confirmed the building's structural soundness, and it falls under the 50% rule, allowing for significant rebuilding. Contractor estimates place the cost of a high-end rebuild at $155 per square foot. The property's high visibility and proximity to a bustling retail hub offer immense potential for a variety of uses, including medical and traditional office spaces. This is a rare chance to acquire a substantial property in a highly desirable location with significant upside potential. The building consists of one structure with a total of 7,709 square feet of net rentable space.
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Esterra Spa & Salon Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CO · Fort Myers Beach, FLFort Myers Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.