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100% Leased Retail Building 16387 S Tamiami Trl 10,344 SF 94% Leased Retail Building Fort Myers, FL 33908 $3,270,000 ($316.13/SF) 7.03% Cap Rate
Investment Highlights
- Near major national retailers on US-41 Publix, Home Depot, Lowes, Walmart, etc.
- 10 miles to RSW International Airport
- At major lighted intersection
- 10 miles to Fort Myers Beach
Executive Summary
A fully renovated and stabilized retail building with excellent investment potential. Extremely high performing building due to buildout of extra small and highly needed and desirable units! It is located at one of the busiest traffic intersections on Tamiami Trail. The building features 10 fully renovated units in total. Recent upgrades include a new shingle roof, updated tile and vinyl flooring throughout the interior, new HVAC systems, modern lighting, marble and wood accent walls, low-maintenance landscaping, and a newly paved parking lot. Almost like new! No additional work or deferred maintenance is needed for this prime investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,344 SF
Building Class
C
Year Built/Renovated
1986/2024
Price
$3,270,000
Price Per SF
$316.13
Cap Rate
7.03%
NOI
$229,803
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.74 AC
Zoning
C1 - Retail
Parking
31 Spaces (3 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Beautiful office space available with heigh vaulted ceilings and recessed lighting. 2 private offices with a large reception area that has a great accent wall for logo/branding. Large signage included directly on Tamiami Trl.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 650 SF | Office/Retail | - | Now |
2nd Floor
| Size |
| 650 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 650 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Beautiful office space available with heigh vaulted ceilings and recessed lighting. 2 private offices with a large reception area that has a great accent wall for logo/branding. Large signage included directly on Tamiami Trl.
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-46-24-01-0000A.0250 | Improvements Assessment | $1,157,702 |
| Land Assessment | $480,255 | Total Assessment | $1,676,021 |
Property Taxes
Parcel Number
01-46-24-01-0000A.0250
Land Assessment
$480,255
Improvements Assessment
$1,157,702
Total Assessment
$1,676,021
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100% Leased Retail Building | 16387 S Tamiami Trl
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