1650 Medical Lane, Fort Myers, FL 33907

Building Details

Buildings 2 More

Building Size 7,070 SF More

Owner Occupied Yes More

Listing Agency: LSI Companies

Listed By: Randy Thibaut, ALC · License FL BK411150

Source: Crexi

Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 5:48PM

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Investment Insights

Based on property information with market context.

This office property comprises two professional buildings with a combined 7,070± square feet. The space is primarily occupied by the owner, and the seller may consider leasing back the buildings after a sale.

The property is at 1650 Medical Lane in Fort Myers, just south of Colonial Boulevard. Edison Mall is approximately 1.0 mile away, Page Field Airport is 2.0 miles away, and Downtown Fort Myers is 3.5 miles away. Cape Coral and Veterans Parkway are 4.0 miles away, I-75 is 5.0 miles away, Southwest Florida International Airport is 14 miles away, and Florida Gulf Coast University is 15 miles away.

Key Highlights

• Two professional office buildings totaling 7,070± square feet
• Primarily owner‑occupied; seller may consider a leaseback
• Approximately 1.0 mile from Edison Mall and 2.0 miles from Page Field Airport

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$121,498

Cap Rate

8.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,429,960 $2.4M

Cap Rate 7%

$1,735,686 $1.7M

Cap Rate 9%

$1,349,978 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,070 SF

Gross rent

$176.5K $24.96/SF

− Vacancy

−$14.5K −$2.05/SF

EGI

$162.0K $22.91/SF

− OpEx

−$40.5K −$5.73/SF

NOI

$121.5K $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%

$2,429,960

Cap Rate 7%

$1,735,686

Cap Rate 9%

$1,349,978

Alternative Uses

Best Use

Office B

$1.74M

$1.52M – $2.02M (±1% cap)

NOI $121,498 @ 7.0% cap · market cap 8.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $155,766 @ 7.0% cap · market cap 10.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Florida Self Directed ... Crisis Center Amy Stenz, Ot Physician Easter Seals Medical Clinic Impact For Developmental Special Education Facility Ameliah Martinez-Tiberi Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Parking Lot & Garage Garden Center Florist Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,124

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

Average Price Trend$/SF for Office buildings in Fort Myers, FL

$255 Jul

$229 Aug

$207 Sep

$206 Oct

Properties on Market for Office buildings in Fort Myers

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - The primarily owner-used offices may offer a leaseback arrangement for the seller.

Where is this office building located?

The property is located at 1650 Medical Lane Fort Myers, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Two professional office buildings totaling 7,070± square feet; Primarily owner‑occupied; seller may consider a leaseback; Approximately 1.0 mile from Edison Mall and 2.0 miles from Page Field Airport