Four-Building Office
For Sale
$3,400,000
3900 Broadway, Fort Myers, FL 33901
The property is 95% leased, with tenants primarily in medical and professional fields.
Property Size25,000 SF
Lot Size2.70 Acres
Price / SF$141.67
Days on Market190
Property Features for 3900 Broadway
General Information
Standard status
Active
Size
25,000 SF
Net Rentable
24,000 SF
Lot size
2.70 Acres
Property subtype
Office
Occupancy
95%
Additional Details
Cap Rate
9%
Road Access
Yes
Building Details
Building Size
25,000 SF
Buildings
4
Construction
concrete block
Tenancy
Multi
Listing Agency:
Realty One Group MVP
Listed By:
Gina Middleton · License #3272678
(407) 963-5799
Source:
Relinkre
Added: Apr 7
Changed: Oct 13
Last Checked: Oct 12 at 11:41PM
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 Realty One Group MVP
Investment Insights
Based on property information with market context.
This office property comprises four concrete block buildings at 3900 Broadway in Fort Myers. The property size is 25,000 square feet, including more than 24,000 square feet of leasable space. Most units feature newer laminate flooring, and the site includes over 100 parking spaces. Tenants pay their own electric service, while property expenses include water, landscaping, insurance, and taxes. A grandfathered local well provides irrigation water for the grounds.
The property occupies 2.7 acres with 240 feet of Broadway frontage and is positioned across from Edison Mall. It is 95% leased, with occupancy concentrated among medical and professional tenants. The site also borders other commercial properties, with residential uses located up the block.
The property occupies 2.7 acres with 240 feet of Broadway frontage and is positioned across from Edison Mall. It is 95% leased, with occupancy concentrated among medical and professional tenants. The site also borders other commercial properties, with residential uses located up the block.
Key Highlights
- Four concrete block office buildings totaling 25,000 square feet
- More than 24,000 square feet of leasable space
- 95% leased with primarily medical and professional tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,413
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,008,260
$6.0M
Cap Rate 7%
$4,291,614
$4.3M
Cap Rate 9%
$3,337,922
$3.3M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$547.2K $22.80/SF
− Vacancy
−$46.5K −$1.94/SF
EGI
$500.7K $20.86/SF
− OpEx
−$200.3K −$8.34/SF
NOI
$300.4K $12.52/SF
Area
Lee County, FL
Vacancy
8.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,008,260
Cap Rate 7%
$4,291,614
Cap Rate 9%
$3,337,922
Alternative Uses
Best Use
Office B
$5.89M
$5.16M – $6.87M
NOI $412,439 @ 7.0% cap · market cap 12.13%
Second Best
Healthcare Medical
$4.29M
$3.76M – $5.01M
NOI $300,413 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$7.55M
$6.61M – $8.81M
NOI $528,768 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
95%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,164
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The property is 95% leased, with tenants primarily in medical and professional fields.
Where is this office building located?
The property is located at 3900 Broadway Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Four concrete block office buildings totaling 25,000 square feet; More than 24,000 square feet of leasable space; 95% leased with primarily medical and professional tenants
