Class B Office Building with
16048 San Carlos Blvd Fort Myers, FL 33908
16048 San Carlos Blvd, Fort Myers, FL, 33908
$1,100,000
For Sale
$1,100,000
Stand-alone Class B office building with four suites on an oversized lot and ample on-site parking.
Property Size4,400 SF
Lot Size0.69 Acres
Price / SF$250
Days on Market176
Property Features for 16048 San Carlos Blvd
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 0.69 Acres
Listing agency
POWER REAL ESTATE GROUP LLC
(813) 454-8041
Listed by
Celina Weathersby · License #3459962
(813) 454-8041
Source
Exprealty
Added: Jan 27 Updated: Jul 21 at 7:45AM Checked: Jul 21 at 7:45AM
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 POWER REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
This stand-alone Class B commercial office building totals 4,400 square feet and is divided into four individual office suites. Suites one and two are occupied by the current owners, operating an established insurance business that will remain in place after the sale. Suite three is vacant, offering flexibility for lease-up or owner occupancy. Suite four is occupied by a long-term boating company tenant, providing additional in-place income.
The property is located on high-traffic San Carlos Blvd along a commercial corridor with strong surrounding retail, service, and destination businesses. It is zoned C1A and sits on an oversized lot exceeding 30,000 square feet with ample on-site parking and strong street visibility.
For buyers seeking a partially stabilized office asset with the ability to capture additional value through the vacant suite, this building offers a multi-suite setup in a C1A commercial location.
The property is located on high-traffic San Carlos Blvd along a commercial corridor with strong surrounding retail, service, and destination businesses. It is zoned C1A and sits on an oversized lot exceeding 30,000 square feet with ample on-site parking and strong street visibility.
For buyers seeking a partially stabilized office asset with the ability to capture additional value through the vacant suite, this building offers a multi-suite setup in a C1A commercial location.
Key Highlights
- ±4,000 SF Class B stand‑alone commercial office building on high‑traffic San Carlos Blvd
- Oversized lot exceeding 30,000 SF with ample on‑site parking and convenient access
- Building divided into 4 individual office suites for flexible leasing and income diversification
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 | $109.8k | $24.96 |
| − Vacancy | −$9.0k | −$2.05 |
| EGI | $100.8k | $22.91 |
| − OpEx | −$25.2k | −$5.73 |
| NOI | $75.6k | $17.18 |
4,400 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$945.2K – $1.26M
NOI $75,614 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,941 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Independent Insurance Solutions ...
Insurance Agency
Independent Insurance Solutions: ...
Insurance Agency
San Carlos Bay ...
Training Center
Rhodeback Sandra
Insurance Agency
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FAQs
What type of property is this?
Office units - Stand-alone Class B office building with four suites on an oversized lot and ample on-site parking.
Where is this office units located?
The property is located at 16048 San Carlos Blvd Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: ±4,000 SF Class B stand‑alone commercial office building on high‑traffic San Carlos Blvd; Oversized lot exceeding 30,000 SF with ample on‑site parking and convenient access; Building divided into 4 individual office suites for flexible leasing and income diversification
