13240 Cleveland AveNorth Fort Myers, FL 33903

  • Office properties
  • 14,020 SF
For Lease

Property Details for 13240 Cleveland Ave

Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.25 AC
Property size (Sq ft)
14,020 SF
Zone code
CC
Property type
Office properties
Property subtype
Office buildings
APN
11-44-24-00-00017.4B40
APU
11442400000174B40

Description

This single-story, 14,000-square-foot commercial plaza, located at 13240 N Cleveland Ave in North Fort Myers, Florida, presents a unique investment opportunity. Built in 1979 and renovated in 2018, the property boasts 12 suites, with one suite currently vacant at 1,200 square feet, offering a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,200 square feet. Situated on a 2.25-acre lot, this Class C building benefits from a C-1A zoning designation. The property enjoys high visibility on N. Cleveland Avenue, a major thoroughfare with over 53,000 vehicles passing daily, providing excellent exposure for businesses. Its location just north of the Caloosahatchee River, close to downtown Fort Myers and the central business district, ensures convenient access to a large customer base. The average household income within a two-mile radius exceeds $60,000 annually, indicating strong consumer spending power. The property is ideal for various uses, including medical offices, retail establishments, adult day care centers, hair salons, or general professional practices. Pylon and building signage opportunities further enhance visibility and marketing potential. This prime location within an active retail corridor, featuring both national and local tenants, makes this a compelling investment prospect in a thriving market. The zip code is 33903.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,718,947
    6.5%
    $3,432,874
    7%
    $3,187,669
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,812,546
    Geo Method
    $2,560,472
  • Alternative Use

    Use
    Valuation
    Residential
    $4,256,764
    Hospitality
    $3,899,173
    Educational
    $3,244,066
    Medical
    $3,355,635
    Retail
    $5,046,326
13240 Cleveland Ave, North Fort Myers, Florida

Location Insight

City
North Fort Myers
County
Lee
State
Florida
Latitude
26.6617
Longitude
-81.8837
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
$16,815
$268,508
$1,017,025
$1,285,533
-
$268,508
$1,017,025
$1,285,533

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