Multi-Office
1430 ROYAL PALM SQ BLVD Fort Myers, FL 33919
1430 ROYAL PALM SQ BLVD, Fort Myers, FL, 33919
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For Sale
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1,426 SF office suite with reception, multiple offices, and kitchenette/break area across two floors.
Property Size1,426 SF
Price / SF$209.68
Days on Market22
Property Features for 1430 ROYAL PALM SQ BLVD
General Information
- Standard status
- Active
- Size
- 1,426 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Mayhugh Commercial Advisors
(239) 850-3890
Listed by
Chase Mayhugh, SIOR, CCIM · License #BK3053987
Source
Crexi
Added: Jul 2 Updated: Jul 22 at 2:08AM Checked: Jul 22 at 2:08AM
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 Mayhugh Commercial Advisors
Investment Insights
Based on property information with market context.
This 1,426 SF office suite is arranged with a first-floor reception area, a private office, an open flex space, one restroom, and a kitchenette/break area. The second floor includes three additional offices, providing separate workspaces within the same suite.
The property is located just over the Midpoint Bridge off Colonial Blvd, between Summerlin Rd and McGregor Blvd, offering access to the surrounding Fort Myers area.
The suite’s configuration supports a range of office-focused layouts, with multiple enclosed offices and shared open space on the main level.
The property is located just over the Midpoint Bridge off Colonial Blvd, between Summerlin Rd and McGregor Blvd, offering access to the surrounding Fort Myers area.
The suite’s configuration supports a range of office-focused layouts, with multiple enclosed offices and shared open space on the main level.
Key Highlights
- 1,426 SF office suite in a building built in 1985
- First floor includes reception, private office, open flex space, 1 restroom, and kitchenette/break area
- Second floor has three additional offices
Local 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 | $35.6k | $24.96 |
| − Vacancy | −$2.9k | −$2.05 |
| EGI | $32.7k | $22.91 |
| − OpEx | −$8.2k | −$5.73 |
| NOI | $24.5k | $17.18 |
1,426 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$350.1K
$306.3K – $408.4K
NOI $24,506 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.8K
$392.7K – $523.6K
NOI $31,418 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Law Firm of Scott ...
Law Firm
Dennis Peter M
Law Firm
Melanson Law
Law Firm
Dehnts Peter M
Law Firm
Diversified Appraisal Inc
Real Estate Agency
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FAQs
What type of property is this?
Office units - 1,426 SF office suite with reception, multiple offices, and kitchenette/break area across two floors.
Where is this office units located?
The property is located at 1430 ROYAL PALM SQ BLVD Fort Myers, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,426 SF office suite in a building built in 1985; First floor includes reception, private office, open flex space, 1 restroom, and kitchenette/break area; Second floor has three additional offices
