Office Unit
For Sale
$204,900
5235 Ramsey Way C1, Fort Myers, FL 33907
Office space positioned within an established commercial office complex in Fort Myers.
Property Size880 SF
Days on Market222
Property Features for 5235 Ramsey Way C1
General Information
Standard status
Active
Size
880 SF
Taxes and HOA fees
Annual Taxes
$2,063
Building Details
Building Size
880 SF
Year Built
1985
Stories
2
Listing Agency:
Realty One Group MVP
(239) 302-9774
Listed By:
Brittany Carlson
(239) 302-9774
Source:
Evrealestate
Added: Jan 20
Changed: Aug 14
Last Checked: Aug 30 at 1:45PM
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.
Office Unit C-1 is located within the office complex at 5235 Ramsey Way in Fort Myers. The property was built in 1985 and forms part of a larger office park setting.
Access is provided from Boy Scout Road, reached from Tamiami Trail (US-41). The complex is approximately 0.3 miles east of the Boy Scout Road and US-41 intersection, with Ramsey Way providing the final approach. The property is in Lee County.
Access is provided from Boy Scout Road, reached from Tamiami Trail (US-41). The complex is approximately 0.3 miles east of the Boy Scout Road and US-41 intersection, with Ramsey Way providing the final approach. The property is in Lee County.
Key Highlights
- Office Unit C‑1 within an office park complex
- Built in 1985
- Approximately 0.3 miles east of Tamiami Trail (US‑41) via Boy Scout Road
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
7.38%
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 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.0K
$242.4K – $323.1K
NOI $19,388 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space positioned within an established commercial office complex in Fort Myers.
Where is this office units located?
The property is located at 5235 Ramsey Way C1 Fort Myers, FL.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Office Unit C‑1 within an office park complex; Built in 1985; Approximately 0.3 miles east of Tamiami Trail (US‑41) via Boy Scout Road
