Multi-Building Office
New
For Sale
$550,000
1231/1233 Lamar Road, North Fort Myers, FL 33903
CommercialSale, North Fort Myers, FL
Property Size2,380 SF
Lot Size0.25 Acres
Price / SF$231.09
Days on Market2
Property Features for 1231/1233 Lamar Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-1
Fencing
Fenced
Directions
From business 41, head west on Pondella Road, Turn Right on Lamar, business will be on your left 1231/1233 Lamar Road.
Subdivision
FN06 - North Fort Myers Area
Standard status
Active
APN
02-44-24-00-00059.0010
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 161 FT W OF SE COR OF W 1/2 OF SE 1/4 OF SW 1/4 OF SW 1/4; THEN E ALG N PONDELLA RD 160 FT; THEN N 200, W 161, S 200 TO POB;LESS 59.0020
Tax Annual Amount
2676
Legal Description
BEG 161 FT W OF SE COR OF W 1/2 OF SE 1/4 OF SW 1/4 OF SW 1/4; THEN E ALG N PONDELLA RD 160 FT; THEN N 200, W 161, S 200 TO POB;LESS 59.0020
Utilities
Sewer type
Septic Tank
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
Premier Florida Realty of SWFL
(239) 313-7474
Listed By:
Cindy Hawk · License #258017496
(239) 848-7256
Added: Oct 21
Last Checked: Oct 22 at 10:06AM
MLS# 2026044415
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.
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Investment Insights
Based on property information with market context.
The property includes a 1,440-square-foot front building and a rear structure totaling 940 square feet. The front building has two rooftop HVAC units and is currently occupied by a cosmetology salon. In the rear, a permitted concrete block firewall added in 2004 separates a 480-square-foot conditioned area, equipped with an on-demand water heater and window cooling unit, from a two-car garage. The rear office received a new TPO roof in 2020, the garage in 2023, and the front building’s roof was recoated in 2021 after replacement in 2010.
The fenced property occupies one parcel at 1231/1233 Lamar Road, one parcel in from Pondella Road. Seven parking spaces serve the front building. The site is 0.246 acre and has a septic tank.
The fenced property occupies one parcel at 1231/1233 Lamar Road, one parcel in from Pondella Road. Seven parking spaces serve the front building. The site is 0.246 acre and has a septic tank.
Key Highlights
- 1,440‑square‑foot front building with two rooftop HVAC units
- Rear structure totals 940 square feet, including a 480‑square‑foot conditioned area and a two‑car garage
- Seven parking spaces at the front building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,900
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,000
$818.0K
Cap Rate 7%
$584,286
$584.3K
Cap Rate 9%
$454,444
$454.4K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$59.4K $24.96/SF
− Vacancy
−$4.9K −$2.05/SF
EGI
$54.5K $22.91/SF
− OpEx
−$13.6K −$5.73/SF
NOI
$40.9K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,000
Cap Rate 7%
$584,286
Cap Rate 9%
$454,444
Alternative Uses
Best Use
Office B
$584.3K
$511.3K – $681.7K
NOI $40,900 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate office and garage areas provide a mix of workspace and storage options on one parcel.
Where is this office building located?
The property is located at 1231/1233 Lamar Road North Fort Myers, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,440‑square‑foot front building with two rooftop HVAC units; Rear structure totals 940 square feet, including a 480‑square‑foot conditioned area and a two‑car garage; Seven parking spaces at the front building
