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    7091 College Pkwy Fort Myers, FL 33907

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    For Lease
    Contact for pricing

    Prime Fort Myers office space available.

    Lot size:
    78,879 SF

    Property Features for 7091 College Pkwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,879 SF

    Spaces For Lease

    at 7091 College Pkwy, Fort Myers, FL 33907 Contact us

    We can help!

    Listing Contact
    Tom Strauss
    Tom Strauss

    Listing Agency: LQ Commercial Real Estate Services Listing Agent: Tom Strauss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    College Parkway Plaza, located at 7091 College Parkway in Fort Myers, Florida (zip code 33907), presents a unique opportunity for businesses seeking executive office space. This multi-tenant property, classified as both retail and office, offers a total of 78,879 square feet, with a currently available space of 6,000 square feet. The building's design incorporates a strip center configuration, ideal for businesses seeking high visibility and convenient access. Ample parking is provided with 353 spaces available for tenants and their clients. The property is situated in Fort Myers, Florida, offering easy access to major transportation routes and a thriving business community. The available 6,000 square feet presents a blank canvas for businesses to customize their ideal workspace. This is an exceptional opportunity to establish a presence in a well-maintained and strategically located commercial property. The property's executive office subtype caters to businesses seeking a professional and sophisticated environment. The multiple tenancy structure fosters a collaborative and dynamic atmosphere. Don't miss this chance to secure your business's future in this desirable Fort Myers location. Contact us today to learn more about leasing this exceptional space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jason D. ... Dental Office Orthodontic Specialists of Florida ... Dental Office Jason D. Barlock, ... Dental Office College Parkway Plaza Shopping Center & Mall Mona Lisa Italian ... Restaurant

    Suggested Use

    Restaurant Law Firm Real Estate Agency 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.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8733978
    Latitude
    26.5555389

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Fort Myers office space available.
    Where is this neighborhood center located?
    The property is located at 7091 College Pkwy Fort Myers, FL.
    What are key features of this property?
    This property features: Strong co-tenancy with Office Depot, First Watch, Firehouse Subs, Mattress Firm, Petland, Ember, and others.; High-visibility pylon signage available on US-41 and College Parkway.; Prime location on US-41, a major commercial thoroughfare, and Cape Coral's southern access point.
    Request Owner's contact information
    7091 College Pkwy Fort Myers, FL 33907
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    Fort Myers, FL 33907
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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.

    More about this property
    7091 College Pkwy Fort Myers, FL 33907
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    Contact for Pricing
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    and status of this listing Tom Strauss
    Tom Strauss
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