Remodeled Corner Office
164 Pondella Rd North Fort Myers, FL 33903
164 Pondella Rd, North Fort Myers, FL, 33903
$474,900
For Sale
$474,900
Stand-alone office building remodeled in 2020 with ADA accessibility, multiple private offices, and a conference room plus reception.
Property Size1,104 SF
Price / SF$430.16
Days on Market173
Property Features for 164 Pondella Rd
General Information
- Standard status
- Active
- Size
- 1,104 SF
Listing agency
MAXIM LLC
(239) 994-3681
Listed by
Gibson Eagle · License #3308313
(239) 994-3681
Source
Exprealty
Added: Jan 30 Updated: Jul 22 at 3:00AM Checked: Jul 22 at 3:00AM
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
Investment Insights
Based on property information with market context.
This stand-alone commercial office building was remodeled in 2020 and is being sold mostly furnished. The interior layout includes multiple private offices, a conference room, reception area, kitchen, storage space, two bathrooms, and ADA accessibility. The property also includes a carport, with approximately 1,100± square feet under air (approximately 1,300± square feet including the carport). A new roof was installed in 2022.
The building is located along highly traveled Pondella Road and is positioned prominently at a corner, supporting visibility and signage exposure. The property is zoned CS-2 (Special Commercial Office District) within the North Fort Myers Community Plan Area under Land Development Code Section 33-1566. Commercial properties with frontage on Pondella Road are subject to North Fort Myers Commercial Corridor special regulations, including a permitted schedule of uses, which the buyer should verify with Lee County.
With its office and ADA-accessible configuration, the space is suited to professional, medical or wellness, and other service-oriented uses, subject to verification of permitted use requirements.
The building is located along highly traveled Pondella Road and is positioned prominently at a corner, supporting visibility and signage exposure. The property is zoned CS-2 (Special Commercial Office District) within the North Fort Myers Community Plan Area under Land Development Code Section 33-1566. Commercial properties with frontage on Pondella Road are subject to North Fort Myers Commercial Corridor special regulations, including a permitted schedule of uses, which the buyer should verify with Lee County.
With its office and ADA-accessible configuration, the space is suited to professional, medical or wellness, and other service-oriented uses, subject to verification of permitted use requirements.
Key Highlights
- Stand‑alone commercial building on Pondella Road in North Fort Myers with CS‑2 zoning (Special Commercial Office District).
- Remodeled in 2020 and sold mostly furnished; approx. 1,100± SF under air (approx. 1,300± SF including carport).
- Functional office layout with multiple private offices, conference room, reception area, kitchen, storage, and two bathrooms.
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 | $27.6k | $24.96 |
| − Vacancy | −$2.3k | −$2.05 |
| EGI | $25.3k | $22.91 |
| − OpEx | −$6.3k | −$5.73 |
| NOI | $19.0k | $17.18 |
1,104 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Stand-alone office building remodeled in 2020 with ADA accessibility, multiple private offices, and a conference room plus reception.
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 building on Pondella Road in North Fort Myers with CS‑2 zoning (Special Commercial Office District).; Remodeled in 2020 and sold mostly furnished; approx. 1,100± SF under air (approx. 1,300± SF including carport).; Functional office layout with multiple private offices, conference room, reception area, kitchen, storage, and two bathrooms.
