Remodeled Office Units
For Sale
Contact for pricing
8359 Stringfellow Rd, St James City, FL 33956
Newly remodeled office units for sale with tenant build-out.
Property Size1,678 SF
Lot Size2.79 Acres
Price / SF$0.01
Days on Market233
Property Features for 8359 Stringfellow Rd
General Information
Standard status
Active
Size
1,678 SF
Lot size
2.79 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,199
Building Details
Year Built
2004
Stories
1
Listing Agency:
CC Houses
Listed By:
Lorie Morgen · License #258019621
(239) 541-2300
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Oct 15 at 1:31AM
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 CC Houses
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Investment Insights
Based on property information with market context.
Several newly remodeled office units are available for sale. The available spaces, which include access to common area restrooms, range in size: 908 square feet, 1,061 square feet, 1,113 square feet (two units), and 1,678 square feet. These units offer the opportunity for customization through a tenant build-out.
Key Highlights
- Newly remodeled offices available.
- Several units available for lease.
- Variety of sizes: 908 sq ft, 1061 sq ft, 1113 sq ft (x2), 1678 sq ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,720
$576.7K
Cap Rate 7%
$411,943
$411.9K
Cap Rate 9%
$320,400
$320.4K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$41.9K $24.96/SF
− Vacancy
−$3.4K −$2.05/SF
EGI
$38.4K $22.91/SF
− OpEx
−$9.6K −$5.73/SF
NOI
$28.8K $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%
$576,720
Cap Rate 7%
$411,943
Cap Rate 9%
$320,400
Alternative Uses
Best Use
Office B
$411.9K
$360.5K – $480.6K
NOI $28,836 @ 7.0% cap · market cap 221,815.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.1K
$462.1K – $616.2K
NOI $36,970 @ 7.0% cap · market cap 284,384.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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Business Placement
Demographics for 33956, FL
3,861
Population
3,600
Households
1.1
Avg Household Size
66
Median Age
24%
College-Educated
93%
High-School Grad
16.3 sq mi
ZIP Area
237
Density / Sq Mi
$64,539
Median Household Income
$31,701
Median Earnings
$2,259
Median Rent
$284,800
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 - Newly remodeled office units for sale with tenant build-out.
Where is this office unit located?
The property is located at 8359 Stringfellow Rd St James City, FL.
What are key features of this property?
This property features: Newly remodeled offices available.; Several units available for lease.; Variety of sizes: 908 sq ft, 1061 sq ft, 1113 sq ft (x2), 1678 sq ft.
