12995 Cleveland AveFort Myers, FL 33907

Property Details for 12995 Cleveland Ave

Year built

1980

Construction

STEEL FRAME

Lot size

8.72 AC

Property size (Sq ft)

8,917 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

24-45-24-00-00005.002C

APU

2445240000005002C

Description

Pinebrook Park, located at 12995 S Cleveland Ave, Fort Myers, FL 33907, offers a diverse range of commercial spaces for lease. This Class C property, built in 1980, comprises three two-story buildings totaling 133,624 square feet. The property features a variety of office space options, including executive suites and traditional office spaces, as well as retail and medical office space. Units range from a minimum of 587 square feet to a maximum contiguous space of 3,146 square feet, with a total of 118 suites available across the complex. The property boasts 125 parking spaces and elevators for convenient access. Zoned C1-Commercial, Pinebrook Park benefits from a prime location on S Cleveland Avenue, south of College Parkway, with multiple access points via US-41, Big Pine Way, and Austin Street. The property enjoys high traffic counts, a strong tenant mix including an Outback Steakhouse anchor, and a prominent electronic billboard. The Lee County location offers excellent visibility and accessibility. One-year lease terms are available. The property's APN is 24-45-24-00-00005.002C.

• CAP approach

  CAP return

  Valuation

  6%

  $2,365,325

  6.5%

  $2,183,377

  7%

  $2,027,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,788,836

  Geo Method

  $1,628,512

• Alternative Use

  Use

  Valuation

  Residential

  $2,707,387

  Hospitality

  $2,479,952

  Educational

  $2,063,291

  Medical

  $2,134,251

  Retail

  $3,209,564

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.553

Longitude

-81.8705

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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