Medical Office Suites with Exterior
3822 Broadway Fort Myers, FL 33901
For Sale
$3,250,000
Medical office building features three adjoining suites with individual front and back doors and new exterior renovations.
Property Size7,231 SF
Price / SF$449.45
Days on Market601
Property Features for 3822 Broadway
General Information
- Standard status
- Active
- Size
- 7,231 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing Agency:
(239) 994-4540
Listed By:
Phil Deems Real Estate
(239) 994-4540
Source:
Xome
Added: Dec 1, 2024
Changed: Jul 23
Last Checked: Jul 25 at 3:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phil Deems Real Estate
Investment Insights
Based on property information with market context.
This medical office property totals 7,231 square feet and is zoned for general office use. It consists of three separate but adjoining suites, each with its own front and back doors, presently configured as a single medical office facility. Individual suite sizes are noted as 4,400, 1,031, and 1,800 square feet. The exterior has been recently renovated, cleaned up, and painted, and the roof is described as newly installed. The property also includes rear-covered staff parking.
The building is located at 3822 Broadway in Fort Myers, one block east of Cleveland Ave (U.S. Highway 41) and less than one block north of Winkler and the Edison Mall. It is identified as one parcel south of Collier Ave, with access to I-75 described as under a 10-minute drive.
There are four recently installed A/C units plus one older unit, with the lessor stating they will replace or overhaul the unit if it fails during the lease period. The new lessee may sub-lease any of the three office units with reasonable agreement and approval of the lessor, and the remarks note that very little work would be required to divide the space back into two or three offices.
The building is located at 3822 Broadway in Fort Myers, one block east of Cleveland Ave (U.S. Highway 41) and less than one block north of Winkler and the Edison Mall. It is identified as one parcel south of Collier Ave, with access to I-75 described as under a 10-minute drive.
There are four recently installed A/C units plus one older unit, with the lessor stating they will replace or overhaul the unit if it fails during the lease period. The new lessee may sub-lease any of the three office units with reasonable agreement and approval of the lessor, and the remarks note that very little work would be required to divide the space back into two or three offices.
Key Highlights
- 7,231 sq. ft. medical office building zoned for general office use
- 3 separate but adjoining suites, each with its own front and back doors (4,400; 1,031; 1,800 sq. ft.)
- Brand new roof, exterior recently renovated, and cleaned/painted
Financial Insights For Office B
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 | $180.5k | $24.96 |
| − Vacancy | −$14.8k | −$2.05 |
| EGI | $165.7k | $22.91 |
| − OpEx | −$41.4k | −$5.73 |
| NOI | $124.3k | $17.18 |
7,231 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.78M
$1.55M – $2.07M
NOI $124,264 @ 7.0% cap · market cap 3.82%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,512 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,313 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Broadway Health & Rehabilitation
Physician
Similar Off Market Nearby
- Gulf Coast Humane Society Veterinary Clinic — 2685 Swamp Cabbage Ct, Fort Myers, FL 33901
- Grace Veterinary Center — 4400 Cleveland Ave, Fort Myers, FL 33901
FAQs
What type of property is this?
Medical Office Space - Medical office building features three adjoining suites with individual front and back doors and new exterior renovations.
Where is this medical office space located?
The property is located at 3822 Broadway Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 7,231 sq. ft. medical office building zoned for general office use; 3 separate but adjoining suites, each with its own front and back doors (4,400; 1,031; 1,800 sq. ft.); Brand new roof, exterior recently renovated, and cleaned/painted
