15415 Pine Ridge RD
FORT MYERS, FL 33908
MLS#: 2026028242
$3,140,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1983
Sq.Footage
19,720
Rare opportunity to acquire Storage Quarters, a stabilized, highly automated 176-unit self-storage facility on an irreplaceable signalized hard corner at Gladiolus Drive (SR 865) and Pine Ridge Road in fast-growing south Fort Myers. Three single-story, drive-up, concrete-block buildings (approx. 19,720 SF) sit on 1.24 acres, complemented by outdoor RV/vehicle parking and mailbox rentals. Customers pull directly to their unit, with no elevators or long interior hallways, a convenience that resonates with the area's boaters, contractors, retirees, and seasonal residents. Location is the headline. Gladiolus Drive is a six-lane arterial carrying roughly 21,300 vehicles per day at the frontage and about 44,600 per day, delivering exceptional visibility and signage exposure. Lee County is among the nation's fastest-growing markets, up roughly 15% since 2020 to about 876,000 residents and projected near 1,000,000 by 2045, an expanding and mobile customer base that fuels storage demand. Southwest Florida's boating and RV lifestyle and a seasonal "snowbird" influx create steady, recurring demand for drive-up and vehicle/RV storage. The business runs almost entirely online through the Cubby AI platform: tenants reserve, lease, pay, and manage autopay from any device, while machine-learning revenue management moves customers in at promotional rates and steps them up automatically. The result is in-place rents that exceed street rates and about 109% economic occupancy. A part-time on-site manager is compensated with an apartment, so there is NO cash management salary, keeping the operation lean and largely absentee-friendly. Required SafeLease tenant protection adds recurring ancillary income. Upside is built in. Standard storage units run about 84% occupied, with lease-up runway concentrated in small lockers and RV parking. Continued AI-driven rate increases and a vertical (stilt) expansion concept, adding a 2nd/3rd story and climate-controlled product the local market offers but Storage Quarters does not, provide multiple paths to grow NOI. Split CG/IL zoning supports storage and expansion. The corner lies in Flood Zone AE yet took no flooding during Hurricanes Ian, Milton, or Helene. Pride of ownership shows: about $80,000 of recent capital improvements, including new roofs (2018), exterior paint (2024), asphalt sealcoat (2025), and a new high-efficiency A/C (2026), mean low deferred maintenance for a new owner. Offered at $3,140,000, a 5.0% in-place cap with pro forma yields growing toward roughly 7%, a rare turnkey, cash-flowing asset with a clear growth runway on one of Fort Myers' best corners. Complete financials, rent roll, occupancy reports, leases, survey, site plan, insurance, and capital records are available in the secure data room. A confidentiality/non-disclosure agreement is required: click the link to review and sign the agreement and gain immediate access. https://docsend.com/view/s/cfgvcfs32qa3ggkv
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.2412
-
Lot Size(square feet)
54067.0
-
Property Type
Commercial Sale
Price
-
Sales Price
$3,140,000
-
Tax Amount
$19,739.3
-
Sq. Footage
19, 720
-
Price/SqFt
$159
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
New Construction
NO
-
Senior Community YN
NO
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Location
County
Lee
Elementary School
Middle School
High School
Listing Courtesy of Martin Hawley , Keller Williams Realty Fort Myers and the Islands
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Agent | Realtor®
Julia McCabe
Call Julia today to schedule a private showing.
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