16591 Gator RdFort Myers, FL 33912

Property Details for 16591 Gator Rd

Year built

2002

Construction

STEEL FRAME

Lot size

1.29 AC

Property size (Sq ft)

4,032 SF

Zone code

IPD

Property type

Retail properties

Property subtype

Gas stations

APN

05-46-25-04-00000.0010

APU

5462504000000010

Description

This exceptional investment opportunity presents a stabilized, single-tenant warehouse located at 16591 Gator Rd, Fort Myers, FL 33912. The property, built in 2002, encompasses 4,032 square feet on a 1.29-acre lot and features a 16-foot ceiling height. Currently leased to Southeastern Traffic Supply, a credit-rated tenant, under a NNN lease with a remaining term of approximately 3.4 years (commencing April 1, 2023, and expiring March 31, 2028). The lease boasts 100% occupancy since May 1, 2023. The asking price is $1,750,000, representing a compelling cap rate of 6.60% and a price per square foot of $434.03. The property is zoned IPD (Lee County), allowing for a variety of uses including asphalt and concrete batch plants, manufacturing, heavy equipment sales/rentals, and outdoor storage. Its strategic location within the Alico Industrial Corridor, between US-41 and I-75, provides excellent access via the signalized intersection of Gator Road and Alico Road. This is a rare opportunity to acquire a high-performing industrial asset with significant upside potential in a thriving market. The property offers a strong tenant, long lease term, and excellent location, making it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,572,208

  6.5%

  $1,451,268

  7%

  $1,347,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,038,322

  Geo Method

  $3,544,804

• Alternative Use

  Use

  Valuation

  Residential

  $1,224,199

  Hospitality

  $1,121,360

  Educational

  $932,958

  Medical

  $965,044

  Retail

  $1,451,268

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.4992

Longitude

-81.8247

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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