Renovated Office
New
For Sale
$299,000
2402 Bay St Unit 106, Fort Myers, FL 33901
A private Bay Street entrance serves a multi-room professional office with reception, conference, and kitchenette areas.
Property Size1,411 SF
Price / SF$211.91
Days on Market3
Property Features for 2402 Bay St Unit 106
General Information
Standard status
Active
Size
1,411 SF
Property subtype
Commercial
Space & Availability
Floor
Ground Floor
Condition
Move-in Ready
Additional Details
Road Access
Yes
Property Use
Office
Building Details
Year Built
2005
Listing Agency:
William Raveis Real Estate
Listed By:
Mike Maurer · License #249519952
(239) 289-9946
Source:
Naplesareapropertysearch
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:19PM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This renovated office condominium contains approximately 1,411 square feet, arranged as four private offices, a conference room, reception area, lobby, kitchenette, and storage room. The unit is on an elevated ground floor and has a private entrance from Bay Street. Natural light and quality finishes complement the office layout.
The property is at 2402 Bay St, Unit 106, in downtown Fort Myers. On-street parking is available outside the entrance, and downtown destinations are within walking distance.
The property is at 2402 Bay St, Unit 106, in downtown Fort Myers. On-street parking is available outside the entrance, and downtown destinations are within walking distance.
Key Highlights
- Approximately 1,411 square feet
- Four private offices, conference room, reception area, lobby, kitchenette, and storage room
- Renovated, elevated ground‑floor office condo with private Bay Street entrance
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private Bay Street entrance serves a multi-room professional office with reception, conference, and kitchenette areas.
Where is this office unit located?
The property is located at 2402 Bay St Unit 106 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, conference room, reception area, lobby, kitchenette, and storage room; Renovated, elevated ground‑floor office condo with private Bay Street entrance
