Single-Story Office
For Sale
Contact for pricing
40 Barkley Cir 40-2, Fort Myers, FL 33919
Unfinished former dental office with shared parking and NC Neighborhood Commercial zoning.
Property Size20,590 SF
Price / SF$0.00
Days on Market44
Property Features for 40 Barkley Cir 40-2
General Information
Standard status
Active
Size
20,590 SF
Zoning
NC
Property Condition
Severity
Major Repairs Needed
Evidence
Needs complete renovation
Building Details
Year Built
1990
Stories
1
Construction
Key West Style
Listing Agency:
RE/MAX Realty Group
Listed By:
Michael Frye, Pam Bratton · License #258000168
(239) 281-0441
Source:
Swfloridarealestate
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 3:28PM
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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Investment Insights
Based on property information with market context.
This 1,870-square-foot office unit is a one-level commercial space identified as Unit 40-2. The interior is unfinished and requires complete renovation, with a former dental-office configuration. The property was built in 1990 and features a Key West-style exterior. New metal roofs serve the buildings, while parking is shared among occupants.
The property is located at 40 Barkley Cir in Fort Myers, near Summerlin Rd. between Colonial Blvd. and Boy Scout Dr. NC Neighborhood Commercial zoning supports its commercial office setting. Walk Score is 65 and Bike Score is 59.
The property is located at 40 Barkley Cir in Fort Myers, near Summerlin Rd. between Colonial Blvd. and Boy Scout Dr. NC Neighborhood Commercial zoning supports its commercial office setting. Walk Score is 65 and Bike Score is 59.
Key Highlights
- 1,870 SF office unit identified as Unit 40‑2
- Unfinished former dental‑office interior requiring complete renovation
- One‑level Key West‑style office building
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 2,211,487.50%
Second Best
Healthcare Medical
$3.68M
$3.22M – $4.30M
NOI $257,729 @ 7.0% cap · market cap 1,610,806.25%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,639 @ 7.0% cap · market cap 2,835,243.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,000
Businesses Nearby
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Business Placement
Demographics for 33919, FL
30,587
Population
19,560
Households
1.6
Avg Household Size
57
Median Age
41%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,516
Density / Sq Mi
$73,336
Median Household Income
$48,686
Median Earnings
$1,621
Median Rent
$291,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Unfinished former dental office with shared parking and NC Neighborhood Commercial zoning.
Where is this office unit located?
The property is located at 40 Barkley Cir 40-2 Fort Myers, FL.
What are key features of this property?
This property features: 1,870 SF office unit identified as Unit 40‑2; Unfinished former dental‑office interior requiring complete renovation; One‑level Key West‑style office building
