Two-Building Office
New
For Sale
$7,000,000
13060 N Cleveland Ave, North Fort Myers, FL 33903
C-2 zoning provides a commercial land-use designation for the office property.
Property Size15,575 SF
Price / SF$449.44
Days on Market2
Property Features for 13060 N Cleveland Ave
General Information
Standard status
Active
Size
15,575 SF
Class
Class A
Property subtype
Land
Zoning
C-2
Additional Details
Property Use
Office
Building Details
Year Built
1984
Buildings
2
Stories
2
Listed By:
Mark Morris · License #3235278
(239) 671-2266
Source:
Svncp
Added: Oct 30
Last Checked: Oct 30 at 2:17PM
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 Mark Morris
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property comprises two buildings with a combined reported area of 15,575 square feet. The improvements date to 1984, and the site is zoned C-2.
Key Highlights
- Two office buildings totaling 15,575 SF
- Built in 1984
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$267,656
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,353,120
$5.4M
Cap Rate 7%
$3,823,657
$3.8M
Cap Rate 9%
$2,973,956
$3.0M
Market Conditions
NOI Build-Up for 15,575 SF
Gross rent
$388.8K $24.96/SF
− Vacancy
−$31.9K −$2.05/SF
EGI
$356.9K $22.91/SF
− OpEx
−$89.2K −$5.73/SF
NOI
$267.7K $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%
$5,353,120
Cap Rate 7%
$3,823,657
Cap Rate 9%
$2,973,956
Alternative Uses
Best Use
Office B
$3.82M
$3.35M – $4.46M
NOI $267,656 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.90M
$4.29M – $5.72M
NOI $343,148 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
711
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-2 zoning provides a commercial land-use designation for the office property.
Where is this office building located?
The property is located at 13060 N Cleveland Ave North Fort Myers, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Two office buildings totaling 15,575 SF; Built in 1984; C‑2 zoning
