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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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