16101 N Cleveland Ave North Fort Myers, FL 33903
SINGLE_FAMILY - NORTH FORT MYERS, FL
Property Features for 16101 N Cleveland Ave
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-1
- Standard status
- Active
- APN
- 27-43-24-L4-U1033.5330
- Lot size
- 4.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PARL IN S W 1/4 DESC IN
- Tax Annual Amount
- 46870
Building Details
- Year built
- 1986
- Floors in Building
- 1
Listing agent Matthew Stepan PA License #3082516 (239) 213-7408
Listing office Premier Commercial Inc 27400 Riverview Center Blvd, Bonita Springs, FL (239) 992-1200
Listing date May 19, 2026
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located along North Cleveland Avenue / US-41 in North Fort Myers, Florida, with traffic counts of approximately 27,000 vehicles per day. Zoning is listed as C-1.
For buyers or investors seeking a healthcare-backed, long-term, single-tenant asset, the lease is scheduled to run through November 30, 2030. The NNN structure allocates ongoing operating responsibilities to the tenant, while the building shell and structural components remain with the landlord, providing a defined ownership and maintenance framework over the lease term.
Key Highlights
- +/-5,741 SF single‑tenant medical building built in 1986, 100% leased to DaVita Dialysis
- Triple Net (NNN) lease with tenant responsibilities through November 30, 2030
- Roof fully replaced in January 2017
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.9k | $22.80 |
| − Vacancy | −$11.1k | −$1.94 |
| EGI | $119.8k | $20.86 |
| − OpEx | −$47.9k | −$8.34 |
| NOI | $71.9k | $12.52 |
