16101 N Cleveland Ave Unit 251 North Fort Myers, FL 33903
Single-tenant medical building is leased under a NNN structure through November 30, 2030.
Property Features for 16101 N Cleveland Ave Unit 251
General Information
- Standard status
- Active
- Size
- 5,741 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1986
Listing office Premier Commercial Inc (239) 992-1200
Listing date Jul 12, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Inc
Investment Insights
Based on property information with market context.
The building is located along North Cleveland Avenue/US-41 in North Fort Myers, Florida, with approximately 27,000 vehicles per day traffic counts noted for the corridor.
The lease term runs through November 30, 2030, providing long-term occupancy under the NNN arrangement.
Key Highlights
- Single‑tenant medical building totaling 15,741 SF
- 100% leased to DaVita Dialysis (NYSE: DVA)
- Triple Net (NNN) lease in place through November 30, 2030
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 | $143.3k | $24.96 |
| − Vacancy | −$11.8k | −$2.05 |
| EGI | $131.5k | $22.91 |
| − OpEx | −$32.9k | −$5.73 |
| NOI | $98.7k | $17.18 |
