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    11000 Metro Pkwy Fort Myers, FL 33966
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    11000 Metro Pkwy Fort Myers, FL 33966

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    • Office properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dental Creations Inc / Dental Office
    • Industrial Repair Inc / Auto Repair Shop
    • Cole's Air Diagnostics LLC / Hardware & Home Improvement / HVAC Service
    • Quality Control Air of SWFL / HVAC Service / General Contractor
    • Manrriquez / Big Box & Wholesale Store / Furniture & Home Goods

    Property Details for 11000 Metro Pkwy

    Property type
    Office properties & Spaces

    Description

    This exceptional 1,600 square foot office space is ideally situated at 11000 Metro Parkway in Fort Myers, Florida, within Lee County (zip code 33966). The property boasts a highly visible location with direct access and exposure to Metro Parkway, offering excellent visibility and accessibility for your business. The building is a two-story structure, housing this single-tenant space. The interior layout is designed for optimal functionality, featuring seven individual offices, perfect for a growing team or a business requiring multiple workspaces. A large conference room provides ample space for meetings and presentations, while a convenient kitchen/break room offers a comfortable space for employees. Two bathrooms and several additional storage rooms cater to the needs of a busy office environment. The monthly rent of $2,000 is inclusive of all common area maintenance (CAM) fees, simplifying budgeting and making it easy to get started. Sales tax will be added to the monthly rent. This property offers easy access to major roadways, including Route 41 and Interstate 75, ensuring convenient commutes for employees and clients alike. The space is ready for immediate occupancy, making it an excellent opportunity for businesses seeking a move-in ready solution in a desirable Fort Myers location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8546
    Latitude
    26.5816

    Comparable in this City

    • Value Estimation by Request
      20,473 SF

      10231/41/51 Metro Pkwy

      Distribution properties • 20,473 SF
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    • Value Estimation by Request
      72,712 SF

      10501 6 Mile Cypress Pkwy

      Office properties & Spaces • 72,712 SF
      10501 6 Mile Cypress Pkwy, Fort Myers, FL 33966
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    • Value Estimation
      $1,635,000
      10,702 SF

      10511 Ben C 6th Mile Cypress Pkwy

      OFFICE BUILDING (MULTI-STORY) • 10,702 SF
      10511 Ben C 6th Mile Cypress Pkwy, Fort Myers, FL 33966-6547
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    • Value Estimation
      $1,800,000
      12,540 SF

      10501 Ben C 6th Mile Cypress Pkwy

      OFFICE BUILDING (MULTI-STORY) • 12,540 SF
      10501 Ben C 6th Mile Cypress Pkwy, Fort Myers, FL 33966-6400
      View Details
    • Value Estimation
      $2,905,000
      20,925 SF

      4571 Colonial Blvd

      MEDICAL BUILDING • 20,925 SF
      4571 Colonial Blvd, Fort Myers, FL 33966-1156
      View Details
    • Value Estimation
      $835,000
      5,699 SF

      4101 Colonial Blvd

      OFFICE BUILDING (MULTI-STORY) • 5,699 SF
      4101 Colonial Blvd, Fort Myers, FL 33966-1185
      View Details

    Similar Nearby for Sale

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      Class A Office Building

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    Similar Nearby for Lease

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      Mixed-Use Property Available

      Mixed-use property available for sale or lease.
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      3,750 SF

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      Professional Office Space For Lease

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    • $13 SF/Yr
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      Warehouse with Showroom and Office

      23,500 SF warehouse with showroom and office space for rent.
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    Fort Myers, FL 33966
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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
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