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    22904 Lyden Dr Estero, FL 33928

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    22904 Lyden Dr Estero, FL 33928

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    Property Details for 22904 Lyden Dr

    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    Coconut Trace Professional Center offers a prime opportunity to acquire a brand-new, 3,478± square foot medical office space in the thriving Village of Estero, Lee County. This multi-tenant building boasts a highly desirable location directly across from the bustling Coconut Point Shopping Mall, ensuring high visibility and convenient access for patients. The property benefits from exceptional accessibility via US41, with easy eastbound turns onto Bulb Lane or Vanderberg Way. High traffic counts, averaging 58,000 vehicles daily in 2023 according to FDOT reports, further enhance the property's appeal. Units 1-2 are currently available for sale and are under build-out as medical office space. The thoughtfully designed layout includes a spacious reception and waiting area, eight individual medical offices each equipped with water access, a large procedure room, one private doctor's office, one additional private office, a generous breakroom, three restrooms, and dedicated janitor's and supply closets. This turnkey solution presents an excellent investment opportunity for medical professionals seeking a modern, well-appointed space in a high-traffic, convenient location. The building's new construction ensures modern amenities and efficient functionality, making it an ideal setting for a thriving medical practice. The strategic location near Coconut Point Mall guarantees high visibility and accessibility for patients and staff alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.8123
    Latitude
    26.4066

    Comparable in this City

    • Value Estimation by Request
      10,400 SF

      22904 Lyden Dr

      Medical Office Space • 10,400 SF
      22904 Lyden Dr, Estero, FL 33928
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    • Value Estimation by Request

      22904 Lyden Dr

      Medical Office Space
      22904 Lyden Dr, Estero, FL 33928
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    • Value Estimation by Request

      19976 Tamiami Trl

      Medical Office Space
      19976 Tamiami Trl, Estero, FL 33928
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    • Value Estimation
      $895,000
      5,496 SF

      20330 Grande Oak Shoppes Blvd

      MEDICAL BUILDING • 5,496 SF
      20330 Grande Oak Shoppes Blvd, Estero, FL 33928-7663
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    • Value Estimation
      $8,795,000
      21,100 SF

      10201 Arcos Ave

      MEDICAL BUILDING • 21,100 SF
      10201 Arcos Ave, Estero, FL 33928-9459
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    • Value Estimation
      $1,095,000
      5,203 SF

      19985 Tamiami Trl

      MEDICAL BUILDING • 5,203 SF
      19985 Tamiami Trl, Estero, FL 33928-2268
      View Details

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      1,890 SF

      Estero Office/Medical Space Available

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    • $1,750,000
      3,651 SF

      Medical Office Space For Sale

      Newly constructed medical office space in a desirable Estero location.
      22904 Lyden Dr, Estero, FL 33928
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      1,400 SF

      Commercial Space in Estero Center

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      1,593 SF

      Estero Office Suite with Balcony

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    Similar Nearby for Lease

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      End Cap Office Space Available

      3,200 SF end cap office space for lease.
      22911 Lyden Dr, Estero, FL 33928
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      Two-Story Medical Building For Rent

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      Medical Building Space For Lease

      Medical office space for lease in Estero, delivery Summer 2024.
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      Prime Retail/Office Space Available

      Premier leasing opportunity near Coconut Point Mall in Estero, FL.
      22941 Lyden Dr, Estero, FL 33928
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    • $21 SF/Yr
      3,051,104 SF

      Luxury Office in Coconut Point

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      Luxury Office Condo in Estero

      Upscale office space in Coconut Point lifestyle center.
      23190 Fashion Dr, Estero, FL 33928
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    22904 Lyden Dr
    Estero, FL 33928
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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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