Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Terraces Office Complex For Rent Title is generated by Realmo AI

    8660 College Pkwy, Fort Myers, FL 33919

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Five-story office building with atrium and fountain.

    Type:Office
    Added:
    Sep 15, 2021
    Days on Market:
    1700
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 8660 College Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 8660 College Pkwy Contact us

    Unit 240 $14 /Mo

    Size
    465 SF
    Type
    Office
    Second floor in-line unit with reception and private office. CAM includes HVAC maintenance.
    Contact us

    Unit 200 $14 /Mo

    Size
    1,658 SF
    Type
    Office
    DO NOT DISTURB CURRENT TENANAT
    Contact us

    Suite 150 $14 /Mo

    Size
    1,188 SF
    Type
    Office
    Corner unit on the first floor above the Garden level offices
    Contact us

    We can help!

    Listing Contact
    Gary Tasman
    Gary Tasman

    Listing agent Gary Tasman License #BK 3002798

    Listing office Cushman & Wakefield Commercial Property Southwest Florida

    Listing date Sep 15, 2021

    Source Crexi

    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 Cushman & Wakefield Commercial Property Southwest Florida

    HighLights

    • Highly efficient floorplans
    • Covered parking
    • Attractive and unique office building
    • Located on the corner of College Pkwy. and Winkler Ave.
    • 5‑story office building
    • Atrium and fountain

    Overview

    The Terraces Office Complex is a 5-story office building situated at the corner of College Parkway and Winkler Avenue. This unique and attractive office building features an atrium with a fountain. The property offers covered parking and highly efficient floorplans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main Sail Video Film Production Angels Around You ... Home Health Care Service Neuropsychological Associates of South ... Physician Community Pregnancy Clinics Medical Clinic Brightway Insurance, The Dellinger-Crep ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8985844
    Latitude
    26.5571784

    Nearby Similar for Lease

    • $3,250/Mo

      Medical Office Space For Rent

      Located in a rapidly expanding healthcare corridor in Fort Myers.
      13195 Metro Parkway, Fort Myers, FL 33966
      View Details
    • $6,168/Mo

      Downtown Fort Myers Commercial Space

      Move-in ready first-floor commercial space in historic downtown.
      2400 1st Street, Fort Myers, FL 33901
      View Details
    • $35 SF/Yr

      New Retail Units in Fort Myers

      Modern retail units in a high-growth area with excellent accessibility.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • $17 SF/Yr

      Fort Myers Commercial Flex Space

      3,000 SF flex space available for lease in Fort Myers.
      1687 Benchmark Avenue, Fort Myers, FL 33905
      View Details
    • $1,250/Mo

      Office Space in Fort Myers

      Office space for rent at College Parkway and Kenwood Lane.
      7181 College Parkway, Fort Myers, FL 33907
      View Details
    • $2,000/Mo

      Modern Furnished Office Spaces Available

      Two furnished office spaces for rent with included amenities.
      3850 Colonial Boulevard, Fort Myers, FL 33966
      View Details
    • $35 SF/Yr

      New Retail Space in Fort Myers

      Modern retail units in a high-growth area with excellent visibility.
      8156 Alico Rd, Fort Myers, FL 33912
      View Details
    • $12 SF/Yr

      Fort Myers Office/Salon Suites

      1,400 sq ft office/salon suites available for rent.
      3949 Evans Avenue, Fort Myers, FL 33901
      View Details
    • $52,500 SF/Yr

      Move-in Ready Fort Myers Office

      Prime office space in a convenient Fort Myers location.
      1825 Colonial Boulevard, Fort Myers, FL 33907
      View Details
    • Contact for pricing

      Professional Office Space in Fort Myers

      Ideally located office space with excellent visibility and accessibility.
      1361 Royal Palm Square Boulevard, Fort Myers, FL 33919
      View Details
    • $2,300/Mo

      Move-in Ready Fort Myers Office

      Office space with lobby, offices, conference room, kitchenette, restroom.
      6226 Presidential Court, Fort Myers, FL 33919
      View Details
    • Contact for pricing

      Versatile Office/Warehouse Space Available

      2,000 sq ft flex space with warehouse and roll-up door.
      12220 Towne Lake Drive, Fort Myers, FL 33913
      View Details

    FAQs

    What type of property is this?
    Office building - Five-story office building with atrium and fountain.
    Where is this office building located?
    The property is located at 8660 College Pkwy Fort Myers, FL.
    What are key features of this property?
    This property features: Highly efficient floorplans; Covered parking; Attractive and unique office building
    (239) 489-3600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gary Tasman
    Gary Tasman
    Real Estate License ID: BK 3002798
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8660 College Pkwy, Fort Myers, FL 33919
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!