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    3949 Evans Ave unit 205 Fort Myers, FL 33901

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    For Sale
    $245,000

    COMMERCIAL - FORT MYERS, FL

    Type:Office
    Lot size:
    0.27 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    112
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 3949 Evans Ave unit 205

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    36-44-24-P2-00300.2050
    Lot size
    0.27 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LANDMARK PROFESSIONAL CON OR 1086 PG 717 SUITE 205
    TaxAnnualAmount
    2017

    Building Details

    Year built
    1975
    Floors in Building
    2

    We can help!

    Listing Contact
    Joanne Fultz

    Listing agent Joanne Fultz License #3449480

    Listing office Realty One Group MVP Bonita Springs, FL

    Listing date Dec 10, 2025

    MLS# 225083077

    Copyright © 2026 Bonita Springs-Estero REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Condo For Sale

    This updated and decorated triple office condo is located in the Landmark Building at the corner of Evans Avenue and Winkler Avenue, offering visibility, accessibility, and surface parking. Situated on the second floor of a four-story building with elevator access, the suite includes five spaces: three lockable offices (one currently used as a podcast room), a board/meeting room, and a waiting area/foyer. It is suited for a small professional, attorney, medical, or administrative office seeking a central Fort Myers location, with proximity to US-41, Colonial Boulevard, Downtown Fort Myers, and the new Lee Health hospital campus under construction along Colonial/Winkler. One of the lockable offices is currently occupied by a tenant. The building features a professional tenant mix, elevators, secure common entries, bathrooms, and window lines providing natural light. The condo association fees are $500 per month, covering common area maintenance, exterior building insurance, and water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coastal Dental Lab Dental Office Thorn Rose PhD Physician Myint Muriel Yi ... Physician Wensch Monique DC Alternative Medicine Practice Florida Repertory Theatre Theater & Performing Art Venue

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Food Market Nail Salon Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8592805
    Latitude
    26.6050732

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    FAQs

    What type of property is this?
    Office units - Professionally updated office condo in central Fort Myers location.
    Where is this office units located?
    The property is located at 3949 Evans Ave unit 205 Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Prime location at the corner of Evans Ave and Winkler Ave in the Landmark Building; Updated and decorated triple office condo with 3 separate, spacious, and lockable offices, a board/meeting room, and a waiting area/foyer; Low condo association fees of $500/month include common area maintenance, exterior building insurance, and water
    (800) 896-8790
    We can help!
    Listing Contact
    Joanne Fultz
    Real Estate License ID: 3449480
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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