Office/Medical Condo with Spa
For Sale
$759,900
Pending
551-12545 New Brittany Blvd, Fort Myers, FL 33907
Zoned for office/medical with one spa lease through 2028 and an updated unit ready for occupancy.
Property Size3,264 SF
Days on Market191
Property Features for 551-12545 New Brittany Blvd
General Information
Standard status
Pending
Size
3,264 SF
Taxes and HOA fees
Annual Taxes
$7,751
Listing Agency:
RE/MAX Realty Team
(239) 242-2000
Listed By:
Karen Augustine · License #258016092
(239) 887-0237
Source:
Exprealty
Added: Apr 13
Changed: Oct 11
Last Checked: Oct 19 at 9:49AM
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 Team
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Investment Insights
Based on property information with market context.
This is a zoned office/medical condominium opportunity within a professional, well-kept community. The property consists of two updated office units totaling 3,264 square feet. One unit is leased to a spa through 2028, offering a defined occupancy timeline. The other unit is available for owner occupancy or could be leased out. The seller’s unit includes two restrooms and two showers, along with a kitchen, a large conference area, multiple offices, a front desk reception area, and a waiting area sized for client traffic. The leased spa unit features several treatment rooms, two restrooms, a small kitchen area, and a combined front desk/waiting area.
The World Plaza is located in South Fort Myers and provides easy access to US 41 and major corridors. The property also offers plenty of parking availability, and the community includes onsite professional management.
The mix of an income-producing spa tenant through 2028 and an updated second unit makes this property practical for an owner occupant seeking office/medical space with in-place rental income, or for an investor looking for a managed, office/medical-oriented asset with a tenant already positioned for the near term. The unit layout supports both client-facing operations and back-office needs, including reception, waiting space, and multiple offices.
The World Plaza is located in South Fort Myers and provides easy access to US 41 and major corridors. The property also offers plenty of parking availability, and the community includes onsite professional management.
The mix of an income-producing spa tenant through 2028 and an updated second unit makes this property practical for an owner occupant seeking office/medical space with in-place rental income, or for an investor looking for a managed, office/medical-oriented asset with a tenant already positioned for the near term. The unit layout supports both client-facing operations and back-office needs, including reception, waiting space, and multiple offices.
Key Highlights
- Zoned for office/medical in the World Plaza community in South Fort Myers
- One unit is leased to a spa through 2028; the other unit is available for owner occupancy or leasing
- Total building size for both units is 3,264 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,092
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,840
$1.1M
Cap Rate 7%
$801,314
$801.3K
Cap Rate 9%
$623,244
$623.2K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$81.5K $24.96/SF
− Vacancy
−$6.7K −$2.05/SF
EGI
$74.8K $22.91/SF
− OpEx
−$18.7K −$5.73/SF
NOI
$56.1K $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 Rate 5%
$1,121,840
Cap Rate 7%
$801,314
Cap Rate 9%
$623,244
Alternative Uses
Best Use
Office B
$801.3K
$701.2K – $934.9K
NOI $56,092 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$898.9K – $1.20M
NOI $71,912 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,835
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Zoned for office/medical with one spa lease through 2028 and an updated unit ready for occupancy.
Where is this office unit located?
The property is located at 551-12545 New Brittany Blvd Fort Myers, FL.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Zoned for office/medical in the World Plaza community in South Fort Myers; One unit is leased to a spa through 2028; the other unit is available for owner occupancy or leasing; Total building size for both units is 3,264 SF
