Renovation-Ready Office
For Sale
Contact for pricing
40-2-40 Barkley Cir, Fort Myers, FL 33907
Single-level office space with shared parking and NC zoning.
Property Size20,590 SF
Price / SF$0.00
Days on Market134
Property Features for 40-2-40 Barkley Cir
General Information
Standard status
Active
Size
20,590 SF
Zoning
NC
Property Condition
Severity
Major Repairs Needed
Evidence
Needs complete renovation
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$48,493
Building Details
Stories
1
Construction
Key West Style
Listing Agency:
RE/MAX Realty Group
(239) 489-0444
Listed By:
Michael Frye · License #258000168
(239) 281-0441
Source:
Exprealty
Added: Jun 26
Changed: Nov 6
Last Checked: Nov 4 at 2:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-level office unit offers 1, 870 SF of unfinished space requiring complete renovation. The former dental office layout provides a defined commercial setting for a new build-out, while the property’s Key West architectural style and recently installed metal roofs add identifiable character to the office complex.
The property is located in Fort Myers near Summerlin Rd., between Colonial Blvd. and Boy Scout Dr. Shared parking is available on site, with ample spaces serving the development. NC—Neighborhood Commercial zoning supports the property’s office-oriented commercial setting.
The property is located in Fort Myers near Summerlin Rd., between Colonial Blvd. and Boy Scout Dr. Shared parking is available on site, with ample spaces serving the development. NC—Neighborhood Commercial zoning supports the property’s office-oriented commercial setting.
Key Highlights
- 1, 870 SF single‑level office unit
- Former dental office requiring complete renovation
- New metal roofs on all buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,729
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,154,580
$5.2M
Cap Rate 7%
$3,681,843
$3.7M
Cap Rate 9%
$2,863,656
$2.9M
Market Conditions
NOI Build-Up for 20,590 SF
Gross rent
$469.5K $22.80/SF
− Vacancy
−$39.9K −$1.94/SF
EGI
$429.5K $20.86/SF
− OpEx
−$171.8K −$8.34/SF
NOI
$257.7K $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%
$5,154,580
Cap Rate 7%
$3,681,843
Cap Rate 9%
$2,863,656
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.90M
NOI $353,838 @ 7.0% cap · market cap 2,527,414.29%
Second Best
Healthcare Medical
$3.68M
$3.22M – $4.30M
NOI $257,729 @ 7.0% cap · market cap 1,840,921.43%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,639 @ 7.0% cap · market cap 3,240,278.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,000
Businesses Nearby
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
$236,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Fort Myers, FL
Properties on Market for Office Units in Fort Myers
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Single-level office space with shared parking and NC zoning.
Where is this office unit located?
The property is located at 40-2-40 Barkley Cir Fort Myers, FL.
What are key features of this property?
This property features: 1, 870 SF single‑level office unit; Former dental office requiring complete renovation; New metal roofs on all buildings
