Stand-Alone Office Building
For Sale
$474,900
164 Pondella Rd, North Fort Myers, FL 33903
Stand-alone, partially furnished office building on a high-visibility corner with ADA-accessible layout and private offices.
Property Size1,104 SF
Price / SF$430.16
Days on Market181
Property Features for 164 Pondella Rd
General Information
Standard status
Active
Size
1,104 SF
Building Details
Year Built
1955
Listing Agency:
MAXIM LLC
Listed By:
Gibson Eagle · License #3308313
(239) 994-3681
Source:
Chenoregroup
Added: Apr 24
Changed: Oct 17
Last Checked: Oct 7 at 3:55PM
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 MAXIM LLC
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Investment Insights
Based on property information with market context.
This stand-alone commercial office building is partially furnished and currently configured as a professional office, remodeled in 2020. The interior includes multiple private offices, a conference room, reception area, kitchen, storage, and two bathrooms, with ADA accessibility. The property totals approximately 1,100± sq ft (just over 1,300 sq ft including the carport). The roof was replaced in 2022.
Located along Pondella Road in North Fort Myers, the building is zoned CS-2. It is also within the North Fort Myers Community Plan Area under LDC Section 33-1566, which provides North Fort Myers Commercial Corridor special regulations for CS-2 properties with frontage on Pondella Road, including the applicable permitted use schedule referenced in LDC Sec. 33-1596.
Agents should review the confidential remarks for additional LDC use details. The property is positioned on a high-visibility corner with signage exposure and convenient access for clients, staff, and patients.
Located along Pondella Road in North Fort Myers, the building is zoned CS-2. It is also within the North Fort Myers Community Plan Area under LDC Section 33-1566, which provides North Fort Myers Commercial Corridor special regulations for CS-2 properties with frontage on Pondella Road, including the applicable permitted use schedule referenced in LDC Sec. 33-1596.
Agents should review the confidential remarks for additional LDC use details. The property is positioned on a high-visibility corner with signage exposure and convenient access for clients, staff, and patients.
Key Highlights
- Stand‑alone commercial office building (Year Built 1955) on a high‑visibility corner along Pondella Road with strong traffic counts and signage exposure
- Approximately 1,100± SF (just over 1,300 SF including carport) remodeled in 2020 with multiple private offices plus conference and reception areas
- Interior features kitchen, storage, and two bathrooms, including ADA accessible accommodations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,972
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,440
$379.4K
Cap Rate 7%
$271,029
$271.0K
Cap Rate 9%
$210,800
$210.8K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$27.6K $24.96/SF
− Vacancy
−$2.3K −$2.05/SF
EGI
$25.3K $22.91/SF
− OpEx
−$6.3K −$5.73/SF
NOI
$19.0K $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%
$379,440
Cap Rate 7%
$271,029
Cap Rate 9%
$210,800
Alternative Uses
Best Use
Office B
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 3.99%
Second Best
Healthcare Medical
$197.4K
$172.7K – $230.3K
NOI $13,819 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$347.5K
$304.0K – $405.4K
NOI $24,323 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
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Business Placement
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Stand-alone, partially furnished office building on a high-visibility corner with ADA-accessible layout and private offices.
Where is this office building located?
The property is located at 164 Pondella Rd North Fort Myers, FL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Stand‑alone commercial office building (Year Built 1955) on a high‑visibility corner along Pondella Road with strong traffic counts and signage exposure; Approximately 1,100± SF (just over 1,300 SF including carport) remodeled in 2020 with multiple private offices plus conference and reception areas; Interior features kitchen, storage, and two bathrooms, including ADA accessible accommodations
