Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9901 Gladiolus Drive Fort Myers, FL 33908

    • Hospitality properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 9901 Gladiolus Drive

    Property type
    Hospitality properties
    Property subtype
    Mixed-use properties

    Description

    This exceptional 10.08-acre parcel in south Fort Myers, located at 9901 Gladiolus Drive, presents a unique investment opportunity. Currently zoned agricultural with exemption, the property's future zoning is designated as CPD (Commercial Planned Development), offering significant flexibility for a variety of commercial ventures. The CPD zoning allows for diverse development options, including: a maximum 29,900 square feet of retail space and 128,000 square feet of office space; or alternatively, 29,999 square feet of retail space, 78,000 square feet of office space, and a 120-unit hotel. The property boasts a newly installed barbed wire fence. Its strategic location offers excellent accessibility and visibility. Situated near the gated community of Gladiolus Preserve to the south and the Gladiolus Commons office building to the east, the property benefits from proximity to affluent residential areas like Periwinkle Preserve to the north. Much of the vacant land east of the property is owned by Lee County. The site is conveniently located 13 miles west of I-75, near the Gulf Coast, and just 13 miles from Southwest Florida International Airport. Downtown Fort Myers is 11 miles north via US 41 (just over 3 miles east), and the beaches are a short 7-mile drive southwest. This prime location offers easy access to major transportation arteries and a thriving regional economy. The asking price for this exceptional development opportunity is $6,100,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    State
    Florida

    Comparable in this City

    • Contact for pricing

      18.06 Acres on Summerlin Road

      18.06 acres with potential for various commercial uses.
      17455 Summerlin Rd, Fort Myers, FL 33908
      View Details
    • $5,450,000

      Turnkey Event Venue with Agritourism

      11-acre event venue with commercial kitchen and aquaponics.
      6901 Hendry Creek Dr, Fort Myers, FL 33908
      View Details
    • Contact for pricing

      Upscale Mixed-Use Development Opportunity

      23-acre site approved for condominium, hotel, and retail development.
      20350 Summerlin Rd, Fort Myers, FL 33908
      View Details
    • $89,900
      0.04 Acres

      Land in Gated Fort Myers

      Own your lot near beaches, shopping, and airport.
      11741 Bubble Shell Dr, Fort Myers, FL 33908
      View Details
    • $219,000
      0.35 Acres

      Residential Lot in Gated Community

      Cleared lot in gated community, ready for dream home.
      18211 Chesapeake Ct, Fort Myers, FL 33908
      View Details
    • $60,000
      0.10 Acres

      Cleared Lot Near Beaches

      Mobile home lot near beaches, shopping, dining, and entertainment.
      295 Dillard Ave, Fort Myers, FL 33908
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      18.06 Acres on Summerlin Road

      18.06 acres with potential for various commercial uses.
      17455 Summerlin Rd, Fort Myers, FL 33908
      View Details
    • $5,450,000

      Turnkey Event Venue with Agritourism

      11-acre event venue with commercial kitchen and aquaponics.
      6901 Hendry Creek Dr, Fort Myers, FL 33908
      View Details
    • Contact for pricing

      Upscale Mixed-Use Development Opportunity

      23-acre site approved for condominium, hotel, and retail development.
      20350 Summerlin Rd, Fort Myers, FL 33908
      View Details
    • $64,900
      0.04 Acres

      Land in 55+ Community

      Land with amenities in a 55+ Fort Myers community.
      19681 Summerlin Rd F-88, Fort Myers, FL 33908
      View Details
    • $585,000
      0.94 Acres

      Residential Lot in South Fort Myers

      Large residential lot near shopping and airport in Fort Myers.
      7165 Congdon Rd, Fort Myers, FL 33908
      View Details
    • $65,000
      0.04 Acres

      Residential Lot in 55+ Community

      Residential lot in a 55+ community with many amenities.
      19681 Summerlin Rd C-359, Fort Myers, FL 33908
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Fort Myers, Florida.
      15291 Mcgregor Blvd, Fort Myers, FL 33908
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Fort Myers, Florida.
      San Carlos Blvd & Kelly Rd, Fort Myers, FL 33908
      View Details
    • Contact for pricing

      Warehouse Spaces on Pine Ridge

      Two warehouse spaces available near Summerlin Road.
      16151 Pine Ridge Rd, Fort Myers, FL 33908
      View Details
    • Contact for pricing

      Retail Space with Monument Signage

      Retail space available at lighted intersection near Super Target.
      11560 Majestic Palms Blvd, Fort Myers, FL 33908
      View Details
    • Contact for pricing

      Former Bank Building For Rent

      3,649 SF former bank building with drive-thru lanes.
      18031 S Tamiami Trl, Fort Myers, FL 33908
      View Details
    • Contact for pricing
      11,500 SF

      Retail Space in Fort Myers

      Retail space available in a busy Fort Myers location.
      15271 Mcgregor Blvd, Fort Myers, FL 33908
      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.
    9901 Gladiolus Drive
    Fort Myers, FL 33908
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!