18731-751 3 Oaks PkwyFort Myers, FL 33967

Property Details for 18731-751 3 Oaks Pkwy

Year built

1993

Construction

STEEL FRAME

Lot size

4.58 AC

Property size (Sq ft)

31,749 SF

Zone code

CPD

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

15-46-25-L3-U2105.2795

APU

154625L3U21052795

Description

Three Oaks Town Center, located at 18731-751 Three Oaks Pkwy, Fort Myers, FL 33967, presents a unique opportunity for businesses seeking retail, office, or restaurant space in Southwest Florida's rapidly growing Estero submarket. This Class A property, built in 1999 and renovated in 2019, comprises two single-story buildings totaling 31,749 square feet across four suites. The property sits on 5 acres of land and offers a variety of space options, including large box retail spaces (up to 31,749 contiguous square feet, with potential expansion to 50,000 square feet), smaller inline spaces ranging from 810 to 2,096 square feet, and build-to-suit options starting at approximately 3,500 square feet. All spaces feature 17.5-foot ceilings. The property boasts ample parking (ratio varies based on space size, up to 1,000 SF), and benefits from a strategic location at the intersection of Three Oaks Parkway and San Carlos Boulevard, providing easy access to I-75 and Alico Road. The zoning is CPD - Lee County, and the property is situated within a thriving area experiencing significant residential and commercial development. The minimum divisible space is 810 square feet. Currently, the entire 31,749 square feet is vacant. Further details on approved uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $12,379,964

  6.5%

  $11,427,659

  7%

  $10,611,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,050,268

  Geo Method

  $27,914,702

• Alternative Use

  Use

  Valuation

  Residential

  $9,639,658

  Hospitality

  $8,829,875

  Educational

  $7,346,352

  Medical

  $7,599,005

  Retail

  $11,427,659

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.4698

Longitude

-81.792

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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