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    13515 Bell Tower Dr, Fort Myers, FL 33907

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    Class B office building in the heart of Fort Myers.

    Type:Office
    Property size:
    7,080 SF
    Added:
    Feb 2, 2022
    Days on Market:
    1584
    Last Refresh:
    May 13 at 8:11 pm

    Property Features for 13515 Bell Tower Dr

    General Information

    Standard status
    Active
    Size
    7,080 SF
    Property subtype
    Office

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 13515 Bell Tower Dr Contact us

    Second Floor $22/Mo

    Size
    7,080 SF
    Type
    Office
    Contact us

    Third Floor $22/Mo

    Size
    6,473 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Michael Frye

    Listing agent Michael Frye License #FL 3325797

    Listing office RE/MAX Realty Group

    Listing date Feb 2, 2022

    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 RE/MAX Realty Group

    HighLights

    • Prime location in the heart of Fort Myers off Daniels Pkwy in Bell Tower Shops.
    • Anchored by major retailers and restaurants including Nordstrom Rack, Capital Grille, and The Fresh Market.
    • High traffic counts: AADT 57,000 (S Tamiami Trl) and 47,500 (Daniels Pkwy).
    • Available space: 2nd Floor: 7,080 SF and 3rd Floor: 6,473 SF.
    • Pylon signage available.
    • 91 shared parking spaces.

    Overview

    This Class B office building is ideally suited for medical, healthcare administration, or professional office use. It is located in the heart of Fort Myers off Daniels Parkway, within the Bell Tower Shops. The location is anchored by Nordstrom Rack, Capital Grille, Dave & Buster’s, Ulta, The Fresh Market, Regal Belltower & ScreenX, Sanibel Captiva Trust Co., and Wells Fargo. The property benefits from a signalized intersection and a dedicated turn lane, along with pylon signage. The building includes one elevator and provides 91 shared parking spaces for both 13515 and 13525 Bell Tower Drive. Average Annual Daily Traffic (AADT) counts are 57,000 on South Tamiami Trail and 47,500 on Daniels Parkway. Available space options include 7,080 square feet on the 2nd floor and 6,473 square feet on the 3rd floor. The rental rate is $22.00 per square foot, plus $8.75 CAM.
    Property Profile Location Intelligence

    Current Use by Public Records

    McGriff Insurance Services Insurance Agency Bb&t Oswald Trippe: ... Insurance Agency OTC Insurance Agency Home Line Information ... Association Or Organization Health Management Association Association Or Organization

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 13741 s tamiami trail unit 2, fort myers, fl 33912
    • Cypress Lake Animal Hospital — 7001 Cypress Terrace Unit 1, Fort Myers, FL 33907
    • Fort Myers Animal Medical Center - Vetco Total Care — 13741 S Tamiami Trail #2, Fort Myers, FL 33912
    • Vetco Total Care — 13741 s tamiami trail unit 2, fort myers, fl 33912
    • Gonzales-Edmon Diana DVM — 7101 Cypress Lake Dr #59, Fort Myers, FL 33907, United States

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8676791
    Latitude
    26.5475786

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    FAQs

    What type of property is this?
    Medical Office Space - Class B office building in the heart of Fort Myers.
    Where is this medical office space located?
    The property is located at 13515 Bell Tower Dr Fort Myers, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of Fort Myers off Daniels Pkwy in Bell Tower Shops.; Anchored by major retailers and restaurants including Nordstrom Rack, Capital Grille, and The Fresh Market.; **High traffic counts: AADT 57,000 (S Tamiami Trl) and 47,500 (Daniels Pkwy).**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Frye
    Real Estate License ID: FL 3325797
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    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.

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