Renovated Riverfront Office
3131 E Riverside Dr Fort Myers, FL 33916
For Sale
Contact for pricing
Completely renovated since Hurricane Ian, with back waterfront offices that can support conference space or owner use.
Property Size9,200 SF
Price / SF$412.50
Days on Market125
Property Features for 3131 E Riverside Dr
General Information
Standard status
Active
Size
9,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
RE/MAX REALTY GROUP
(239) 281-0441
Listed By:
Michael J. Frye, CCIM|CEO
(239) 281-0441
Source:
Moodyscre
Added: Mar 27
Changed: Jul 28
Last Checked: Jul 28 at 8:42AM
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 RE/MAX REALTY GROUP
Investment Insights
Based on property information with market context.
Located on the Caloosahatchee River near the historic Downtown River District of Fort Myers, this renovated office building offers a versatile interior layout for professional use. The property has been completely renovated since Hurricane Ian in 2022.
A distinctive feature of the building is its back waterfront offices, which can be used as either owner residential space or as a professional conference room with views of the river.
The configuration supports a range of office-oriented occupancies, including options such as a corporate headquarters, a high-tech IT firm, an engineering company, or a law firm.
A distinctive feature of the building is its back waterfront offices, which can be used as either owner residential space or as a professional conference room with views of the river.
The configuration supports a range of office-oriented occupancies, including options such as a corporate headquarters, a high-tech IT firm, an engineering company, or a law firm.
Key Highlights
- Located on the Caloosahatchee River near the historic Downtown River District of Fort Myers.
- Building completely renovated since Hurricane Ian (2022).
- Back waterfront offices can be used as a professional conference room or as owner residential space.
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 | $229.6k | $24.96 |
| − Vacancy | −$18.8k | −$2.05 |
| EGI | $210.8k | $22.91 |
| − OpEx | −$52.7k | −$5.73 |
| NOI | $158.1k | $17.18 |
9,200 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,102 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,694 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Completely renovated since Hurricane Ian, with back waterfront offices that can support conference space or owner use.
Where is this office building located?
The property is located at 3131 E Riverside Dr Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Located on the Caloosahatchee River near the historic Downtown River District of Fort Myers.; Building completely renovated since Hurricane Ian (2022).; Back waterfront offices can be used as a professional conference room or as owner residential space.
