End-Unit Condo For
For Sale
$650,000
16121 Lee Rd, Fort Myers, FL 33912
Office condo with new paint and 100% office build-out.
Property Size2,500 SF
Price / SF$260
Days on Market208
Property Features for 16121 Lee Rd
General Information
Standard status
Active
Size
2,500 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,500 SF
Year Built
2008
Listing Agency:
Lee & Associates | Fort Myers
Listed By:
Frank V. Martone, Esq.
(203) 745-7705
Source:
Lee-associates
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 19 at 4:30AM
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
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Investment Insights
Based on property information with market context.
This end-unit condominium, built in 2008, is available for sale. The property features new paint throughout. The space is 100% office build-out and is fully sprinklered. The property is zoned IPD. The property size is 2500 square feet.
Key Highlights
- End‑unit condo offering enhanced privacy.
- 100% office build‑out, ready for immediate occupancy.
- Brand new paint throughout provides a fresh, modern feel.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,962
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,240
$859.2K
Cap Rate 7%
$613,743
$613.7K
Cap Rate 9%
$477,356
$477.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$62.4K $24.96/SF
− Vacancy
−$5.1K −$2.05/SF
EGI
$57.3K $22.91/SF
− OpEx
−$14.3K −$5.73/SF
NOI
$43.0K $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%
$859,240
Cap Rate 7%
$613,743
Cap Rate 9%
$477,356
Alternative Uses
Best Use
Office B
$613.7K
$537.0K – $716.0K
NOI $42,962 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$786.9K
$688.5K – $918.0K
NOI $55,080 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 33912, FL
19,146
Population
12,078
Households
1.6
Avg Household Size
61
Median Age
48%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
903
Density / Sq Mi
$101,043
Median Household Income
$54,143
Median Earnings
$1,653
Median Rent
$367,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo with new paint and 100% office build-out.
Where is this office unit located?
The property is located at 16121 Lee Rd Fort Myers, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: End‑unit condo offering enhanced privacy.; 100% office build‑out, ready for immediate occupancy.; Brand new paint throughout provides a fresh, modern feel.
