Refreshed Office
For Sale
$199,900
5235 Ramsey Way, Fort Myers, FL 33907
Commercial Sale, FORT MYERS, FL
Property Size880 SF
Lot Size0.13 Acres
Price / SF$227.16
Days on Market237
Property Features for 5235 Ramsey Way
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
02-45-24-P3-02000.0C10
Size
880 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CLAYTON COURT OFFICE CTR OR 1735 PG 1718 UNIT C-1
Tax Annual Amount
2064
Legal Description
CLAYTON COURT OFFICE CTR OR 1735 PG 1718 UNIT C-1
Building Details
Year built
1985
Floors in Building
2
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Brittany Carlson
(239) 302-9774
Added: Jan 20
Changed: Sep 9
Last Checked: Sep 14 at 10:06PM
MLS# 226003110
Copyright © 2026 Naples Area Board of REALTORS. 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 commercial office condominium offers 880 square feet within Clayton Court Office Center. Recent improvements include new flooring, fresh interior paint, updated trim, and additional upgrades that create a clean, professional setting for immediate office use. The property is suited to owner-users and businesses seeking a dedicated commercial workspace in a condominium format.
Located at 5235 Ramsey Way, Unit C-1, the office sits just off Tamiami Trail/US-41 near Boy Scout Road in Fort Myers. The surrounding area includes Sam's Club, Best Buy, Sam's Plaza Shopping Center, restaurants, retail stores, banks, medical offices, and professional service providers. Its position within an established business corridor provides access from multiple directions and convenient navigation for clients, vendors, and staff.
Located at 5235 Ramsey Way, Unit C-1, the office sits just off Tamiami Trail/US-41 near Boy Scout Road in Fort Myers. The surrounding area includes Sam's Club, Best Buy, Sam's Plaza Shopping Center, restaurants, retail stores, banks, medical offices, and professional service providers. Its position within an established business corridor provides access from multiple directions and convenient navigation for clients, vendors, and staff.
Key Highlights
- 880 SF office condominium in Clayton Court Office Center
- Recent improvements include flooring, interior paint, and updated trim
- Located at 5235 Ramsey Way, Unit C‑1, Fort Myers, FL 33907
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,123
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,460
$302.5K
Cap Rate 7%
$216,043
$216.0K
Cap Rate 9%
$168,033
$168.0K
Market Conditions
NOI Build-Up for 880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.0K $24.96/SF
− Vacancy
−$1.8K −$2.05/SF
EGI
$20.2K $22.91/SF
− OpEx
−$5.0K −$5.73/SF
NOI
$15.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,460
Cap Rate 7%
$216,043
Cap Rate 9%
$168,033
Alternative Uses
Best Use
Office B
$216.0K
$189.0K – $252.1K
NOI $15,123 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.0K
$242.4K – $323.1K
NOI $19,388 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,538
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
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 units - Updated professional setting near US-41, with convenient access to retail, dining, medical, and business services.
Where is this office units located?
The property is located at 5235 Ramsey Way Fort Myers, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 880 SF office condominium in Clayton Court Office Center; Recent improvements include flooring, interior paint, and updated trim; Located at 5235 Ramsey Way, Unit C‑1, Fort Myers, FL 33907
