Updated Freestanding Office
New
For Sale
$310,000
2023 Jeffcott St, Fort Myers, FL 33901
CI-zoned office property with ADA upgrades and vacant possession for immediate occupancy.
Property Size1,553 SF
Price / SF$199.61
Days on Market3
Property Features for 2023 Jeffcott St
General Information
Standard status
Active
Size
1,553 SF
Class
C
Property subtype
Office
Zoning
CI
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Building Size
1,553 SF
Year Built
1939
Year Renovated
2026
Buildings
1
Listing Agency:
Lee & Associates | Fort Myers
(239) 233-5212
Listed By:
Jeff Forsythe, CCIM
(239) 233-5212
Source:
Svn
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 4:25AM
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 Lee & Associates | Fort Myers
Investment Insights
Based on property information with market context.
This freestanding office building at 2023 Jeffcott St. contains 1,553 SF and was originally built in 1939. Updates completed in 2026 include improvements for full code compliance, with ADA features such as a handicap ramp, accessible bathrooms, and drinking fountains. The property is offered vacant for immediate occupancy and is zoned CI, allowing a broad range of business uses.
The site is near Cleveland Ave (US 41), an active bus route, Lee Memorial Hospital, and Downtown River District. A roof replacement was completed in 2021, adding a recent major building improvement to the property's updated condition. The compact standalone format provides a practical setting for office users or coworking configurations.
The site is near Cleveland Ave (US 41), an active bus route, Lee Memorial Hospital, and Downtown River District. A roof replacement was completed in 2021, adding a recent major building improvement to the property's updated condition. The compact standalone format provides a practical setting for office users or coworking configurations.
Key Highlights
- 1,553 SF freestanding office building
- Built in 1939 and revitalized in 2026
- CI zoning allows a wide array of business uses
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 | $38.8k | $24.96 |
| − Vacancy | −$3.2k | −$2.05 |
| EGI | $35.6k | $22.91 |
| − OpEx | −$8.9k | −$5.73 |
| NOI | $26.7k | $17.18 |
1,553 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.8K
$427.7K – $570.3K
NOI $34,216 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - CI-zoned office property with ADA upgrades and vacant possession for immediate occupancy.
Where is this office building located?
The property is located at 2023 Jeffcott St Fort Myers, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,553 SF freestanding office building; Built in 1939 and revitalized in 2026; CI zoning allows a wide array of business uses
