Move-In-Ready Office Condo
For Sale
$204,900
C1-5235 Ramsey Way, Fort Myers, FL 33907
Nearly 900 sq. ft. office condo has new flooring and fresh paint, ready for immediate professional use.
Property Size880 SF
Price / SF$232.84
Days on Market336
Property Features for C1-5235 Ramsey Way
General Information
Standard status
Active
Size
880 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,063
Listing Agency:
Realty One Group MVP
(800) 896-8790
Listed By:
Brittany Carlson
(239) 302-9774
Source:
Exprealty
Added: Oct 8, 2025
Changed: Aug 31
Last Checked: Sep 8 at 1:32PM
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 Realty One Group MVP
Investment Insights
Based on property information with market context.
Move-in-ready office condominium suite available in an established Clayton Court Office Center. Unit C-1 offers approximately 880 square feet and has been recently refreshed with new flooring, fresh interior paint, updated trim, and other improvements, creating a clean, professional space for immediate occupancy.
Located at 5235 Ramsey Way in Fort Myers, the property is positioned just off Tamiami Trail/US-41 near Boy Scout Road, providing convenient access for clients, vendors, and staff. The surrounding area includes major retail and service businesses, along with professional and medical offices, supporting day-to-day client accessibility.
The suite is well-suited for professional office use and compatible administrative services, including consulting, real estate, financial services, insurance, and medical-adjacent or wellness-type operations, as well as an owner-user looking to control occupancy costs through ownership.
Located at 5235 Ramsey Way in Fort Myers, the property is positioned just off Tamiami Trail/US-41 near Boy Scout Road, providing convenient access for clients, vendors, and staff. The surrounding area includes major retail and service businesses, along with professional and medical offices, supporting day-to-day client accessibility.
The suite is well-suited for professional office use and compatible administrative services, including consulting, real estate, financial services, insurance, and medical-adjacent or wellness-type operations, as well as an owner-user looking to control occupancy costs through ownership.
Key Highlights
- Move‑in‑ready commercial office condo (Unit C‑1) at 5235 Ramsey Way in the Clayton Court Office Center
- Nearly 900 sq. ft. office space with newly refreshed interior including new flooring and fresh paint
- Updated trim and additional interior improvements for a clean, professional environment ready for immediate use
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
$15,123
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
7.38%
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%
$302,460
$302.5K
Cap Rate 7%
$216,043
$216.0K
Cap Rate 9%
$168,033
$168.0K
Market Conditions
NOI Build-Up for 880 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
$22.0K $24.96/SF
− Vacancy
−$1.8K −$2.05/SF
EGI
$20.2K $22.91/SF
− OpEx
−$5.0K −$5.73/SF
NOI
$15.1K $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%
$302,460
Cap Rate 7%
$216,043
Cap Rate 9%
$168,033
Alternative Uses
Best Use
Office B
$216.0K
$189.0K – $252.1K
NOI $15,123 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.0K
$242.4K – $323.1K
NOI $19,388 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Explore this area
Business Placement
Demographics for 33907, FL
24,980
Population
14,125
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
3,422
Density / Sq Mi
$49,826
Median Household Income
$33,442
Median Earnings
$1,502
Median Rent
$236,700
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?
Office units - Nearly 900 sq. ft. office condo has new flooring and fresh paint, ready for immediate professional use.
Where is this office units located?
The property is located at C1-5235 Ramsey Way Fort Myers, FL.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Move‑in‑ready commercial office condo (Unit C‑1) at 5235 Ramsey Way in the Clayton Court Office Center; Nearly 900 sq. ft. office space with newly refreshed interior including new flooring and fresh paint; Updated trim and additional interior improvements for a clean, professional environment ready for immediate use
