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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24850 Old 41 Rd, Unit 11 Bonita Springs, FL 34135

    • Office buildings
    • 37,753 SF
    • 4.53 lot acres
    For Lease
    View listing
    $6,500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8184238
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • D'Galy's Stores Inc. / Religious Goods Store
    • True Spec Golf - Naples / Golf Shop
    • KASABARBQ / Construction Company / Appliance Store
    • Bourne 2 Dance LLC / Dance Company / Dance Store
    • Surf 9 / Corporate Office

    Property Details for 24850 Old 41 Rd

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.53 lot acres
    Property size
    37,753 SF
    Zone code
    CPD
    Property type
    Office buildings
    APN
    16-47-25-B3-00011.0000
    APU
    164725B3000110000

    Description

    Bernwood Centre, a three-building complex situated on 8.71 acres in Bonita Springs' desirable Old 41 Road & US 41 location, presents a unique opportunity for businesses seeking flexible office space. This Class B property, totaling 66,605 square feet, underwent renovations in 2016 and offers a variety of suite sizes, ranging from a minimum of 778 square feet to a maximum contiguous space of 10,000 square feet. The property features 26 total suites across its single-story buildings, built in 1996, and boasts impressive 14-foot ceilings, ideal for creative office layouts or showcasing retail displays. Ample parking is provided with 321 spaces available for tenants and clients. Other key features include 12-foot glass storefronts for excellent street visibility, fire sprinklers for enhanced safety, and 3-phase power to accommodate diverse business needs. Many units offer open floor plans with mezzanines, providing versatile space options. The property is zoned CPD and located in Lee County's Bonita Springs submarket, offering convenient access and high visibility. This move-in ready space is perfect for a variety of businesses. The property also benefits from a pylon sign and excellent ingress/egress.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,535,000
      6.5%
      $10,645,000
      7%
      $9,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,196,000
      Market price range: $7.34M - $18.4M
      AI Estimate
      $5,542,000
      Market price range: $4.28M - $11.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,415,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $12,895,000
      Change: +4% Conversion: Difficult
      MEDICAL BUILDING
      $10,790,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonita Springs
    County
    Lee
    State
    Florida
    Longitude
    -81.8063
    Latitude
    26.3794
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,059
    $2,821,762
    $3,153,700
    $5,975,462
    -
    $2,821,762
    $3,153,700
    $5,975,462

    Comparable in this City

    • Value Estimation
      $7,970,000
      51,587 SF

      3181 Bay Vlg Ct

      OFFICE BUILDING (MULTI-STORY) • 51,587 SF
      3181 Bay Vlg Ct, Bonita Springs, FL 34135-7222
      View Details
    • Value Estimation by Request
      453 SF

      10915 Bonita Bch Rd Se109a

      PROFESSIONAL BUILDING • 453 SF
      10915 Bonita Bch Rd Se109a, Bonita Springs, FL 34135-9054
      View Details
    • Value Estimation
      $1,120,000
      4,069 SF

      10951 Bonita Bch SE Rd

      OFFICE BUILDING • 4,069 SF
      10951 Bonita Bch SE Rd, Bonita Springs, FL 34135-9011
      View Details
    • Value Estimation by Request
      453 SF

      10911 Bonita Bch Rd Se107a

      PROFESSIONAL BUILDING • 453 SF
      10911 Bonita Bch Rd Se107a, Bonita Springs, FL 34135-9053
      View Details
    • Value Estimation
      $4,135,000
      13,891 SF

      9200 Bonita Bch SE Rd, Unit 9240

      OFFICE BUILDING (MULTI-STORY) • 13,891 SF
      9200 Bonita Bch SE Rd, Bonita Springs, FL 34135-4280
      View Details
    • Value Estimation by Request
      624 SF

      11000 Via De Vasari Dr

      OFFICE BUILDING (MULTI-STORY) • 624 SF
      11000 Via De Vasari Dr, Bonita Springs, FL 34135
      View Details

    Similar Nearby for Sale

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      Bonita Springs Warehouse/Office Building

      Warehouse/office building in Bonita Springs with upgrades and ample parking.
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      Freestanding building with visibility on Old US 41 Road.
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      0.41 Acres

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      Corner showroom/retail/office/warehouse in professionally managed commercial complex.
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    Similar Nearby for Lease

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      Bonita Springs Retail/Office Space

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    24850 Old 41 Rd, Unit 11
    Bonita Springs, FL 34135
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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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