Renovated Office Building in
For Sale
$699,995
2080 Collier Avenue, Fort Myers, FL 33901
Fully renovated office building in Fort Myers' Midtown corridor.
Property Size2,384 SF
Price / SF$293.62
Days on Market241
Property Features for 2080 Collier Avenue
General Information
Standard status
Active
Size
2,384 SF
Zoning
CG
Taxes and HOA fees
Annual Taxes
$6,693
Building Details
Building Size
2,384 SF
Year Built
1984
Stories
1
Listing Agency:
One Global Advisors Empowered by Realty One Group MVP
(239) 200-0488
Listed By:
John Henthorn · License #3440091
(239) 200-0488
Source:
Evrealestate
Added: Jan 2
Changed: Aug 23
Last Checked: Aug 29 at 7:36AM
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 One Global Advisors Empowered by Realty One Group MVP
Investment Insights
Based on property information with market context.
This free-standing office/medical property, located in the rapidly growing Midtown corridor of Fort Myers, presents an opportunity for owner-users, medical professionals, investors, or expanding businesses. The property features a functional layout that includes multiple private offices, conference space, and an open flex area. Abundant on-site parking is available. Recent upgrades include modern flooring, LED lighting, updated finishes, oversized restrooms, and a newer roof. The property is strategically located minutes from Downtown Fort Myers, US-41, Colonial Blvd, and the Lee Health Medical District, offering accessibility and visibility in one of Southwest Florida’s active commercial corridors. The building has a size of 2384 square feet.
Key Highlights
- Seller financing available with only 20% down.
- Fully renovated, turnkey professional office/medical building.**
- Located in the heart of Fort Myers’ rapidly growing Midtown corridor.
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
$40,969
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
5.85%
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%
$819,380
$819.4K
Cap Rate 7%
$585,271
$585.3K
Cap Rate 9%
$455,211
$455.2K
Market Conditions
NOI Build-Up for 2,384 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
$59.5K $24.96/SF
− Vacancy
−$4.9K −$2.05/SF
EGI
$54.6K $22.91/SF
− OpEx
−$13.7K −$5.73/SF
NOI
$41.0K $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 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%
$819,380
Cap Rate 7%
$585,271
Cap Rate 9%
$455,211
Alternative Uses
Best Use
Office B
$585.3K
$512.1K – $682.8K
NOI $40,969 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$750.3K
$656.6K – $875.4K
NOI $52,524 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,759
Businesses Nearby
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
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 - Fully renovated office building in Fort Myers' Midtown corridor.
Where is this office building located?
The property is located at 2080 Collier Avenue Fort Myers, FL.
What is the asking price?
The asking price for this property is $699,995.
What are key features of this property?
This property features: Seller financing available with only 20% down.; Fully renovated, turnkey professional office/medical building.**; Located in the heart of Fort Myers’ rapidly growing Midtown corridor.
