Standalone Office
For Sale
$629,000
1625 Colonial Boulevard, Fort Myers, FL 33907
Standalone office building with an open layout, waiting area, multiple offices, meeting rooms, and parking.
Property Size1,702 SF
Price / SF$369.57
Days on Market56
Property Features for 1625 Colonial Boulevard
General Information
Standard status
Active
Size
1,702 SF
Total Parking Spaces
9
Zoning
NC
Additional Details
Traffic Count
59,400 vehicles/day
Taxes and HOA fees
Annual Taxes
$5,481
Building Details
Year Built
1962
Stories
1
Listing Agency:
SVN Commercial Partners
(239) 470-5582
Listed By:
Lisa Farrell Sands · License #SL3142558
(239) 470-5582
Source:
Evrealestate
Added: Jun 29
Changed: Aug 23
Last Checked: Aug 22 at 5:21AM
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 SVN Commercial Partners
Investment Insights
Based on property information with market context.
This standalone office building offers approximately 1,702 square feet and features a concrete block and stucco exterior with an open layout. Interior highlights include a small waiting area, reception, four private offices, two conference or meeting rooms, two restrooms, and two kitchenettes. The space also benefits from lots of natural light.
The property is located at 1625 Colonial Blvd. Public remarks note convenient access to Central Fort Myers and Cape Coral, along with nearby Central Fort Myers and Cape Coral traffic counts cited as 59,400 cars per day (TCDS) for 2025. The site includes nine parking spaces plus four shared electronic pylon signage.
Overall, the configuration is suited for professional or medical office use, with multiple rooms to support client intake, meetings, and separate workspaces.
The property is located at 1625 Colonial Blvd. Public remarks note convenient access to Central Fort Myers and Cape Coral, along with nearby Central Fort Myers and Cape Coral traffic counts cited as 59,400 cars per day (TCDS) for 2025. The site includes nine parking spaces plus four shared electronic pylon signage.
Overall, the configuration is suited for professional or medical office use, with multiple rooms to support client intake, meetings, and separate workspaces.
Key Highlights
- Standalone office building built in 1962 at 1625 Colonial Blvd, approximately 1,702 SF
- Concrete block and stucco construction with an open layout plus waiting and reception areas
- Includes 4 private offices and 2 conference or meeting rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,249
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,980
$585.0K
Cap Rate 7%
$417,843
$417.8K
Cap Rate 9%
$324,989
$325.0K
Market Conditions
NOI Build-Up for 1,702 SF
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.
Gross rent
$42.5K $24.96/SF
− Vacancy
−$3.5K −$2.05/SF
EGI
$39.0K $22.91/SF
− OpEx
−$9.7K −$5.73/SF
NOI
$29.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,980
Cap Rate 7%
$417,843
Cap Rate 9%
$324,989
Alternative Uses
Best Use
Office B
$417.8K
$365.6K – $487.5K
NOI $29,249 @ 7.0% cap · market cap 4.65%
Second Best
Healthcare Medical
$304.3K
$266.3K – $355.1K
NOI $21,304 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$535.7K
$468.7K – $625.0K
NOI $37,498 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
59,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,038
Businesses Nearby
Explore this area
Business Placement
Demographics for 33907, FL
24,980
Population
14,125
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
3,422
Density / Sq Mi
$49,826
Median Household Income
$33,442
Median Earnings
$1,502
Median Rent
$236,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office building with an open layout, waiting area, multiple offices, meeting rooms, and parking.
Where is this office building located?
The property is located at 1625 Colonial Boulevard Fort Myers, FL.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Standalone office building built in 1962 at 1625 Colonial Blvd, approximately 1,702 SF; Concrete block and stucco construction with an open layout plus waiting and reception areas; Includes 4 private offices and 2 conference or meeting rooms
