Renovated Office Building with
For Sale
$899,000
3616 Broadway Pass, Fort Myers, FL 33901
CommercialSale, Fort Myers, FL
Property Size2,300 SF
Lot Size0.32 Acres
Price / SF$390.87
Days on Market299
Property Features for 3616 Broadway Pass
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CG
Subdivision
FM03 - Fort Myers Area
Standard status
Active
APN
36-44-24-P1-00005.0070
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PARL IN NE 1/4 OF NW 1/4 SEC 36 TWP 44 R 24 OC DESC IN OR 780 PG 26
Tax Annual Amount
4877
Legal Description
PARL IN NE 1/4 OF NW 1/4 SEC 36 TWP 44 R 24 OC DESC IN OR 780 PG 26
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
Krise Commercial Group, LLC
(239) 690-4100
Listed By:
Babu John · License #258029357
(239) 440-4105
Added: Dec 18, 2025
Changed: Oct 10
Last Checked: Oct 13 at 9:06PM
MLS# 2025024683
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1965 office building contains approximately 2,300 square feet, including just over 1,000+/- square feet of rear warehouse space with a large overhead door. Recent work includes new air conditioning, electrical and plumbing upgrades, pumping-system improvements, and a newly paved parking lot. The metal roof was replaced in 2020.
The property includes approximately 100+/- feet of frontage along Broadway Pass in Fort Myers, with signage exposure and access from the corridor. The sale also includes an adjacent 0.32+/- acre parcel, providing additional land for parking, expansion, or redevelopment subject to zoning. The property is located at 3616 Broadway Pass, Fort Myers, FL 33901.
The property includes approximately 100+/- feet of frontage along Broadway Pass in Fort Myers, with signage exposure and access from the corridor. The sale also includes an adjacent 0.32+/- acre parcel, providing additional land for parking, expansion, or redevelopment subject to zoning. The property is located at 3616 Broadway Pass, Fort Myers, FL 33901.
Key Highlights
- Approximately 2,300 square feet with just over 1,000+/- square feet of rear warehouse space
- Large overhead door serving the rear warehouse area
- Adjacent 0.32+/- acre parcel included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,525
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,500
$790.5K
Cap Rate 7%
$564,643
$564.6K
Cap Rate 9%
$439,167
$439.2K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$57.4K $24.96/SF
− Vacancy
−$4.7K −$2.05/SF
EGI
$52.7K $22.91/SF
− OpEx
−$13.2K −$5.73/SF
NOI
$39.5K $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%
$790,500
Cap Rate 7%
$564,643
Cap Rate 9%
$439,167
Alternative Uses
Best Use
Office B
$564.6K
$494.1K – $658.8K
NOI $39,525 @ 7.0% cap · market cap 4.40%
Second Best
Flex RnD
$359.4K
$314.5K – $419.4K
NOI $25,161 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$723.9K
$633.4K – $844.6K
NOI $50,674 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,751
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
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Frequently Asked Questions
What type of property is this?
Office building - Updated commercial building with rear warehouse space, new systems, paved parking, and an adjoining parcel for future expansion.
Where is this office building located?
The property is located at 3616 Broadway Pass Fort Myers, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 2,300 square feet with just over 1,000+/- square feet of rear warehouse space; Large overhead door serving the rear warehouse area; Adjacent 0.32+/- acre parcel included in the sale
