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    Renovated Fort Myers Office Building Title is generated by Realmo AI

    4048 Evans Ave, Fort Myers, FL 33901

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    For Lease
    $20 SF/Yr $26,666/Mo (calc)

    Three-story office/medical building with modern space and excellent visibility.

    Type:Office
    Property size:
    16,000 SF
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 6 at 12:42 am

    Property Features for 4048 Evans Ave

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 4048 Evans Ave Contact us

    We can help!

    Listing Contact
    Ashley Barrett Bloom

    Listing agent Ashley Barrett Bloom

    Listing office SVN - Commercial Partners | Fort Myers

    Listing date Mar 6, 2026

    Source Svncp

    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 SVN - Commercial Partners | Fort Myers

    HighLights

    • Fully renovated in 2025, offering modern office or medical space
    • Up to 16,000 SF available, with subdivision options
    • Prime frontage on Evans Avenue providing excellent visibility
    • Major capital improvements including new roof and HVAC systems
    • Ideally located for healthcare providers; medical impact fees paid on most units
    • Convenient access to Colonial Blvd, Winkler Avenue, and US 41

    Overview

    This fully-renovated three-story professional office building is located at 4048 Evans Avenue in Fort Myers. Constructed in 1982 and renovated in 2025, the building offers approximately 16,000 square feet of modern office or medical space. It features prime frontage on Evans Avenue, providing excellent visibility and access. The location is conveniently situated between Colonial Boulevard and Winkler Avenue, with close proximity to US 41. The building has abundant parking and major recent capital improvements, including a new roof and HVAC systems. It is ideally positioned for healthcare providers or professional services. Medical impact fees have been paid on most units. The location provides immediate access to key arterials including Colonial Blvd, Winkler Avenue and US 41. The available space can be subdivided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premier Mortgage Funding Loan Service Dr. William W. ... Physician Dr. Brian J. ... Physician Dr. Carlos L. ... Physician Dr. Osvaldo R. ... Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Edison Park Animal Hospital — 2035 McGregor Blvd, Fort Myers, FL 33901

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8602
    Latitude
    26.6035

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    FAQs

    What type of property is this?
    Medical Office Space - Three-story office/medical building with modern space and excellent visibility.
    Where is this medical office space located?
    The property is located at 4048 Evans Ave Fort Myers, FL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Fully renovated in 2025, offering modern office or medical space; Up to 16,000 SF available, with subdivision options; Prime frontage on Evans Avenue providing excellent visibility
    (941) 961-7109
    We can help!
    Listing Contact
    Ashley Barrett Bloom
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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