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    Modern Medical Office Spaces Available Title is generated by Realmo AI

    68 72 76 Pondella Road, North Fort Myers, FL 33903

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    For Sale
    $1,699,000

    SINGLE_FAMILY - North Fort Myers, FL

    Type:Office
    Property size:
    7,816 SF
    Lot size:
    1.62 Acres
    Price / SF:
    $217/SF
    Added:
    Mar 18, 2026
    Days on Market:
    62
    Last Refresh:
    May 18 at 7:06 am

    Property Features for 68 72 76 Pondella Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    02-44-24-03-0000A.0380
    Size
    7,816 SF
    Lot size
    1.62 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    KANTZ TOWN OF BLK A PB 1 PG 19 OR 1368/2335 PT LTS 38+40 + VAV ST ADJ
    Tax Annual Amount
    16205

    Building Details

    Year built
    1977
    Floors in Building
    1

    We can help!

    Listing Contact
    Laurel Paula

    Listing agent Laurel Paula License #258035784

    Listing office Sellstate Priority Realty 3321 Del Prado Blvd S Ste 7, Cape Coral, FL

    Listing date Mar 18, 2026

    MLS# 2026013330

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely remodeled, modern medical office spaces.
    • Customizable suites with private entrances, restrooms, and individual utilities.
    • High‑traffic location on Pondella Road near US‑41 with approximately 29,000 vehicles per day.
    • ADA‑compliant suites in three concrete block buildings totaling 7,816 square feet on 1.622 acres.
    • Zoned C‑2, supporting medical, dental, therapy, and office uses.
    • Ample parking and excellent visibility.

    Overview

    Pondella Professional Park features three concrete block buildings totaling 7,816 square feet on 1.622 acres. The property is undergoing a complete interior remodel to create brand-new, modern medical office spaces. Each building offers two ADA-compliant suites with private entrances, restrooms, and individual utilities. Tenants can select their own interior finishes and layouts or choose from professionally designed floor models. All suites are fully customizable to accommodate a variety of medical and professional uses. Located along high-traffic Pondella Road near US-41, the site benefits from approximately 29,000 vehicles per day, ample parking, and excellent visibility. Zoned C-2, the property supports medical, dental, therapy, and office users seeking modern, flexible, and high-exposure space in a prime North Fort Myers corridor.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.49M
    NOI $134,318 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.92M
    NOI $134,318 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.69M
    NOI $134,318 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $195.1k $24.96
    − Vacancy −$16.0k −$2.05
    EGI $179.1k $22.91
    − OpEx −$44.8k −$5.73
    NOI $134.3k $17.18
    7,816 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.92M
    $1.68M – $2.24M (±1% cap)
    NOI $134,318 @ 7.0% cap · market cap 7.91%
    Second Best
    Healthcare Medical
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,834 @ 7.0% cap · market cap 5.76%
    Theoretical Best
    Office A
    $2.46M
    $2.15M – $2.87M (±1% cap)
    NOI $172,202 @ 7.0% cap · market cap 10.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Vet Wellcare Vaccinations Clinic at Pet Supermarket — 13860 N Cleveland Ave N, Fort Myers, FL 33901
    • Hancock Animal Hospital & Rehabilitation Center — 3405 Hancock Bridge Pkwy, North Fort Myers, FL 33903
    • Vicki Scott DVM,MS — 14487 N Cleveland Ave, North Fort Myers, FL 33903

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.882502
    Latitude
    26.6677439

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    FAQs

    What type of property is this?
    Medical Office Space - Remodeled medical office spaces with customizable layouts in North Fort Myers.
    Where is this medical office space located?
    The property is located at 68 72 76 Pondella Road North Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: Completely remodeled, modern medical office spaces.; Customizable suites with private entrances, restrooms, and individual utilities.; High‑traffic location on Pondella Road near US‑41 with approximately 29,000 vehicles per day.
    (404) 944-2035
    We can help!
    Listing Contact
    Laurel Paula
    Real Estate License ID: 258035784
    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.

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    68, 72, 76 Pondella Road, North Fort Myers, FL 33903
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