Medical Office
For Sale
Contact for pricing
2565 N Airport Rd, Fort Myers, FL 33907
Existing improvements support healthcare, professional office, retail, or service-oriented redevelopment.
Property Size2,096 SF
Lot Size0.69 Acres
Price / SF$238.55
Days on Market19
Property Features for 2565 N Airport Rd
General Information
Standard status
Active
Size
2,096 SF
Class
C
Lot size
0.69 Acres
Property subtype
Retail, Office, Special Purpose
Zoning
IL
Investment Type
Owner/User
Building Details
Buildings
1
Units
1
Listing Agency:
CRE Consultants
Listed By:
Adam kerner · License #FL
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Sep 8 at 6:12AM
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 CRE Consultants
Investment Insights
Based on property information with market context.
This medical office property includes a 2,096 ± SF building on 0.689 acres, with the sale covering the real estate and building structure. The property was formerly used as a veterinary hospital, while business operations, goodwill, and medical equipment are excluded.
Zoned IL, the site is located at 2565 N Airport Rd in Fort Myers, Florida. Its existing configuration can support consideration of medical, specialty healthcare, professional office, retail, or service-based redevelopment, subject to applicable approvals and buyer requirements.
Zoned IL, the site is located at 2565 N Airport Rd in Fort Myers, Florida. Its existing configuration can support consideration of medical, specialty healthcare, professional office, retail, or service-based redevelopment, subject to applicable approvals and buyer requirements.
Key Highlights
- 2,096 ± SF medical office building
- 0.689‑acre property in Fort Myers, Florida
- IL zoning
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
$36,020
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
7.20%
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%
$720,400
$720.4K
Cap Rate 7%
$514,571
$514.6K
Cap Rate 9%
$400,222
$400.2K
Market Conditions
NOI Build-Up for 2,096 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
$52.3K $24.96/SF
− Vacancy
−$4.3K −$2.05/SF
EGI
$48.0K $22.91/SF
− OpEx
−$12.0K −$5.73/SF
NOI
$36.0K $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%
$720,400
Cap Rate 7%
$514,571
Cap Rate 9%
$400,222
Alternative Uses
Best Use
Office B
$514.6K
$450.3K – $600.3K
NOI $36,020 @ 7.0% cap · market cap 7.20%
Second Best
Healthcare Medical
$374.8K
$328.0K – $437.3K
NOI $26,236 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$659.7K
$577.2K – $769.7K
NOI $46,179 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Well-served
Demand for This Use
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Banfield Pet Hospital — 5013 S Cleveland Ave, Fort Myers, FL 33907
- Fort Myers Veterinary Hospital — 2565 N Airport Rd, Fort Myers, FL 33907
- Florida Vet On Wheels — 2655 N Airport Rd Unit 62119, Fort Myers, FL 33906
- Grace Veterinary Center — 4400 Cleveland Ave, Fort Myers, FL 33901
- Gulf Coast Humane Society Veterinary Clinic — 2685 Swamp Cabbage Ct, Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing improvements support healthcare, professional office, retail, or service-oriented redevelopment.
Where is this medical office space located?
The property is located at 2565 N Airport Rd Fort Myers, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,096 ± SF medical office building; 0.689‑acre property in Fort Myers, Florida; IL zoning
