Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1516 Royal Palm Square Blvd Fort Myers, FL 33919

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($7,721 /Mo)

    6,618 square feet of office space available for lease.

    Property size:
    6,618 SF
    Lot size:
    0.40 Acres

    Property Features for 1516 Royal Palm Square Blvd

    General Information

    Size
    6,618 SF
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Linda Haas
    Linda Haas
    Source: Moodyscre

    Listing Agent: Linda Haas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space For Rent

    Available for lease is an office space encompassing 6,618 square feet. The property is located on Royal Palm Square Blvd in Fort Myers, FL.
    Location Intelligence

    Current Use by Public Records

    Commecial Property Specialists, ... Property Management Company Auriculotherapy Center-Stop Medical Clinic R.THAD GOODWIN, M.D. ... Eye Care Center G-Force Dance Company Dance School Omega Portable Toilet ... Portable Toilet Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare 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
    -81.8848328
    Latitude
    26.5938881

    Nearby Similar for Lease

    • $13 SF/Yr
      22,921 SF

      Fort Myers Flex Space Available

      4002 SF flex space for lease or sale.
      12155 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      61,420 SF

      Class A Office Building

      Two-story office building with elevator and high visibility.
      3820 Colonial Blvd, Fort Myers, FL 33966
      View Details
    • $19 SF/Yr
      12,820 SF

      Modern Office Space in Downtown

      Newly renovated office space in the Fort Myers River District.
      2401 1St St, Fort Myers, FL 33901
      View Details
    • $3,600 /Mo
      5,619 SF

      Fort Myers Office Space Available

      Office space in a calm, accessible Fort Myers location.
      12734 Kenwood Ln, Fort Myers, FL 33907
      View Details
    • Contact for pricing
      6,011 SF

      Downtown Fort Myers Investment Opportunity

      Versatile property near Downtown Fort Myers, ideal for rental or business.
      2029 Clifford St, Fort Myers, FL 33901
      View Details
    • Contact for pricing
      174,240 SF

      Fort Myers Warehouse and Office

      Two buildings totaling 5,200 SF available December 2025.
      6830 Buckingham Rd, Fort Myers, FL 33905
      View Details
    • $3,458 /Mo
      31,141 SF

      Updated Retail/Office Space Available

      Updated commercial space with showroom, workspace, and flexible zoning.
      18070 S Tamiami Trl, Fort Myers, FL 33908
      View Details
    • $26 SF/Yr
      135,733 SF

      Move-In Ready Gateway Office Space

      Updated office space with private offices and conference room in Gateway.
      12220 Towne Lake Dr, Fort Myers, FL 33913
      View Details
    • $15,000 /Mo
      46,914 SF

      Versatile Fort Myers Commercial Space

      C-1 zoned property ideal for various commercial uses.
      2130 Andrea Ln, Fort Myers, FL 33912
      View Details
    • $3,000 /Mo
      5,802 SF

      Fort Myers First-Floor Office Suite

      Corner office suite with reception, offices, conference room, and parking.
      6338 Presidential Ct, Fort Myers, FL 33919
      View Details
    • $4,019 /Mo
      4,073 SF

      Professional Office Space on McGregor

      Move-in-ready office space in well-maintained Fort Myers building.
      2080 Mcgregor Blvd, Fort Myers, FL 33901
      View Details
    • $57,500
      22,390 SF

      Move-in Ready Fort Myers Office

      Prime office space in a convenient Fort Myers location.
      1825 Colonial Blvd, Fort Myers, FL 33907
      View Details

    FAQs

    What type of property is this?
    Office space - 6,618 square feet of office space available for lease.
    Where is this office space located?
    The property is located at 1516 Royal Palm Square Blvd Fort Myers, FL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - 6,618 square feet of office space available for lease.; - Office space available.; - Property is available for lease.
    (239) 939-9959
    Request Owner's contact information
    1516 Royal Palm Square Blvd Fort Myers, FL 33919
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1516 Royal Palm Square Blvd
    Fort Myers, FL 33919
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1516 Royal Palm Square Blvd Fort Myers, FL 33919
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Linda Haas
    Linda Haas
    (239) 939-9959
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.