Leased Medical Office
For Sale
Contact for pricing
9724 Commerce Center Court, Fort Myers, FL 33908
Fully occupied healthcare facility available for acquisition by a medical office investor.
Property Size2,737 SF
Price / SF$274.02
Days on Market142
Property Features for 9724 Commerce Center Court
General Information
Standard status
Active
Size
2,737 SF
Class
B
Total Parking Spaces
100
Property subtype
Retail, Office
Zoning
CPD
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2003
Year Renovated
2015
Buildings
1
Listing Agency:
LSI Companies
(239) 281-0441
Listed By:
Drew Davis · License #SL3607995
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Jun 5 at 5:48AM
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 LSI Companies
Investment Insights
Based on property information with market context.
This medical office building is fully leased, providing an occupied commercial healthcare asset for sale. The property is located at 9724 Commerce Center Ct in Fort Myers, Florida 33908.
Key Highlights
- 100% leased medical office building
- Located at 9724 Commerce Center Ct, Fort Myers, FL 33908
- Offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$940,700
$940.7K
Cap Rate 7%
$671,929
$671.9K
Cap Rate 9%
$522,611
$522.6K
Market Conditions
NOI Build-Up for 2,737 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.3K $24.96/SF
− Vacancy
−$5.6K −$2.05/SF
EGI
$62.7K $22.91/SF
− OpEx
−$15.7K −$5.73/SF
NOI
$47.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$940,700
Cap Rate 7%
$671,929
Cap Rate 9%
$522,611
Alternative Uses
Best Use
Office B
$671.9K
$587.9K – $783.9K
NOI $47,035 @ 7.0% cap · market cap 6.27%
Second Best
Healthcare Medical
$489.4K
$428.3K – $571.0K
NOI $34,260 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$861.5K
$753.8K – $1.01M
NOI $60,302 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied healthcare facility available for acquisition by a medical office investor.
Where is this medical office space located?
The property is located at 9724 Commerce Center Court Fort Myers, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 100% leased medical office building; Located at 9724 Commerce Center Ct, Fort Myers, FL 33908; Offered for sale
