Turnkey Office Suites with New
For Sale
Contact for pricing
11637 Kelly Rd, Fort Myers, FL 33908
Office suites offered for sale with a new roof and completed buildouts, ready for immediate tenant use.
Property Size13,850 SF
Price / SF$228.63
Days on Market688
Property Features for 11637 Kelly Rd
General Information
Standard status
Active
Size
13,850 SF
Property subtype
OFFICE
Listing Agency:
Commercial Real Estate Services of SWFL, Inc.
(239) 980-0081
Listed By:
Carlos Acosta, CCIM · License ##BK3161197
(239) 823-0115
Source:
Moodyscre
Added: Dec 12, 2024
Changed: Oct 25
Last Checked: Oct 30 at 3:36PM
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 Commercial Real Estate Services of SWFL, Inc.
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Investment Insights
Based on property information with market context.
This offering includes office units and office spaces presented as turn-key, with new roofs and new buildouts already completed. The property totals 13,850 square feet, providing office configuration suitable for an operator or tenant seeking finished improvements rather than starting from scratch.
The property is located at 11637 Kelly Rd in Fort Myers, Florida (33908).
The property is located at 11637 Kelly Rd in Fort Myers, Florida (33908).
Key Highlights
- Office suites for sale at 11637 Kelly Rd
- New roof
- New buildouts completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,012
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,760,240
$4.8M
Cap Rate 7%
$3,400,171
$3.4M
Cap Rate 9%
$2,644,578
$2.6M
Market Conditions
NOI Build-Up for 13,850 SF
Gross rent
$345.7K $24.96/SF
− Vacancy
−$28.3K −$2.05/SF
EGI
$317.3K $22.91/SF
− OpEx
−$79.3K −$5.73/SF
NOI
$238.0K $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%
$4,760,240
Cap Rate 7%
$3,400,171
Cap Rate 9%
$2,644,578
Alternative Uses
Best Use
Office B
$3.40M
$2.98M – $3.97M
NOI $238,012 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.81M – $5.09M
NOI $305,143 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
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Business Placement
Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
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 unit - Office suites offered for sale with a new roof and completed buildouts, ready for immediate tenant use.
Where is this office unit located?
The property is located at 11637 Kelly Rd Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,166,542.
What are key features of this property?
This property features: Office suites for sale at 11637 Kelly Rd; New roof; New buildouts completed
