Renovated Office Condo in
2402 Bay St Fort Myers, FL 33901
2402 Bay St, Fort Myers, FL, 33901
$349,000
For Sale
$349,000
Newly renovated office condo in downtown Fort Myers.
Property Size1,400 SF
Price / SF$249.29
Days on Market65
Property Features for 2402 Bay St
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing Agency
(239) 860-1241
Listed by
Bill Wingate
(239) 860-1241
Source
Elliman
Added: May 15 Checked: Jul 17 at 6:30 am
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 Bill Wingate
Investment Insights
Based on property information with market context.
This newly renovated office condo offers over 1400 square feet of space on the elevated ground floor. Located on Bay Street in downtown Fort Myers, the property features four offices, a large conference room that can be converted into two executive suites, a reception room, lobby, kitchenette, and ample storage. Quality built-in cabinets are included. The property is suitable for an attorney, title agent, insurance agent, or real estate firm. It is positioned within walking distance of downtown amenities and offers a view of the Caloosahatchee River. Rare street parking is available directly in front of the office. The bike score is 51, indicating it is bikeable, and the walk score is 63, indicating it is somewhat walkable.
Key Highlights
- Newly renovated, turn‑key office condo in Downtown Ft Myers.
- Elevated ground floor location on Bay Street with a view of the Caloosahatchee River.
- Spacious 1400+ Sq Ft layout with 4 offices, large conference room (convertible to 2 executive suites), reception area, lobby, kitchenette, and ample storage.
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 | $34.9k | $24.96 |
| − Vacancy | −$2.9k | −$2.05 |
| EGI | $32.1k | $22.91 |
| − OpEx | −$8.0k | −$5.73 |
| NOI | $24.1k | $17.18 |
1,400 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$343.7K
$300.7K – $401.0K
NOI $24,059 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.6K
$385.6K – $514.1K
NOI $30,845 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pushing the Envelope, Inc.
Advertising Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Newly renovated office condo in downtown Fort Myers.
Where is this office units located?
The property is located at 2402 Bay St Fort Myers, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Newly renovated, turn‑key office condo in Downtown Ft Myers.; Elevated ground floor location on Bay Street with a view of the Caloosahatchee River.; Spacious 1400+ Sq Ft layout with 4 offices, large conference room (convertible to 2 executive suites), reception area, lobby, kitchenette, and ample storage.
