5100 Cleveland AveFort Myers, FL 33907

  • Retail properties
  • 36,479 SF
For Lease

Property Details for 5100 Cleveland Ave

Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
10.54 AC
Property size (Sq ft)
36,479 SF
Zone code
CI
Property type
Retail properties
Property subtype
Community centers
APN
02-45-24-P3-02400.0010
APU
024524P3024000010

Description

This exceptional retail property, located at 5100 S Cleveland Ave in Fort Myers, Florida (zip code 33907), offers 21,950 square feet of total building space. Currently, there is 2,925 square feet of vacant space available for lease, ideal for a variety of commercial uses. The property is categorized as multi-tenant retail, situated in Lee County, Florida. Its prime location provides excellent visibility and accessibility for customers. The building's substantial size allows for flexibility in tenant configuration and potential for expansion. This is a fantastic opportunity for businesses seeking a well-established location within a thriving commercial area. The property's address is easily accessible from major roadways, ensuring high traffic flow and convenient access for both employees and customers. The available space presents a unique chance to establish or expand a business in a dynamic and growing market. Serious inquiries are encouraged to explore this promising commercial real estate opportunity. Detailed specifications and lease terms are available upon request. Don't miss this chance to secure a prominent retail presence in Fort Myers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $14,224,345
    6.5%
    $13,130,164
    7%
    $12,192,296
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,441,454
    Geo Method
    $16,788,642
  • Alternative Use

    Use
    Valuation
    Residential
    $11,075,785
    Hospitality
    $10,145,359
    Educational
    $8,440,820
    Medical
    $8,731,113
    Retail
    $13,130,164
5100 Cleveland Ave, Fort Myers, Florida

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.5865
Longitude
-81.8742
CBSA code
15980
CBSA name
CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$199,635
$7,215,561
$3,993,374
$11,208,935
-
$7,215,561
$3,993,374
$11,208,935

FAQs

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