Office Condo with Private
For Sale
$299,000
2402 Bay St, Fort Myers, FL 33901
Commercial Sale, FORT MYERS, FL
Property Size1,411 SF
Lot Size0.29 Acres
Price / SF$211.91
Days on Market17
Property Features for 2402 Bay St
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
13-44-24-P4-03200.0106
Lot size
0.29 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Year
2025
Tax Description
FIRST STREET CENTER AS DESC IN INST#2006-412798 UNIT 106
Tax Annual Amount
3162
Legal Description
FIRST STREET CENTER AS DESC IN INST#2006-412798 UNIT 106
Amenities
private offices
conference room
reception area
lobby
kitchenette
storage room
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
William Raveis Real Estate
(239) 231-3380
Listed By:
Mike Maurer · License #249519952
(239) 289-9946
Added: Oct 15
Changed: Oct 29
Last Checked: Oct 31 at 9:06AM
MLS# 226039421
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium provides approximately 1,411 square feet of space, with four private offices organized alongside a conference room, reception area, lobby, kitchenette, and storage room. The unit has a private entrance from Bay Street and was built in 2005.
Located in downtown Fort Myers, the property offers access to on-street parking outside the entrance. Renovation and finish details are also noted for the suite.
Located in downtown Fort Myers, the property offers access to on-street parking outside the entrance. Renovation and finish details are also noted for the suite.
Key Highlights
- Approximately 1,411 square feet
- Four private offices, a conference room, reception area, lobby, kitchenette, and storage room
- Private entrance off Bay Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,248
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,960
$485.0K
Cap Rate 7%
$346,400
$346.4K
Cap Rate 9%
$269,422
$269.4K
Market Conditions
NOI Build-Up for 1,411 SF
Gross rent
$35.2K $24.96/SF
− Vacancy
−$2.9K −$2.05/SF
EGI
$32.3K $22.91/SF
− OpEx
−$8.1K −$5.73/SF
NOI
$24.2K $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%
$484,960
Cap Rate 7%
$346,400
Cap Rate 9%
$269,422
Alternative Uses
Best Use
Office B
$346.4K
$303.1K – $404.1K
NOI $24,248 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.1K
$388.6K – $518.1K
NOI $31,087 @ 7.0% cap · market cap 10.40%
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
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,141
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes four private offices, a conference room, reception area, kitchenette, and storage.
Where is this office unit located?
The property is located at 2402 Bay St Fort Myers, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 1,411 square feet; Four private offices, a conference room, reception area, lobby, kitchenette, and storage room; Private entrance off Bay Street
