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Property profile & analytics
FOR SALE
Medical Office Space

2531 South Cleveland Ave Fort Myers, FL 33907

19,480 SF 1.08 ac lot Built 1981
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US18-2993534
Property summary
AI-generated overview

This exceptional two-story, 37,960 square foot Class B medical office building presents a unique investment or owner-user opportunity in the heart of Fort Myers, Florida. Located on 2.79 acres with 450 linear feet of frontage on highly trafficked Cleveland Avenue (AADT: 41,500), this property boasts unparalleled visibility and accessibility. Built in 1981 and renovated in 2000, the building features approximately 50 exam rooms and 30 private offices, along with ample open office/storage areas, meeting rooms, conference spaces, and reception areas. A detached single-story building provides additional office or storage capacity. Its proximity to Lee Health Memorial Hospital (0.2 miles), Downtown Fort Myers (1 mile), and major roadways ensures high traffic and convenient access. The property is currently vacant, offering a blank canvas for a medical practice or adaptable for professional office and higher education uses. With its substantial size and versatile layout, this building can easily accommodate multiple tenants, making it an ideal investment for generating rental income. The property includes 216 surface parking spaces. This offering represents one of the last remaining medical office buildings of this size in the desirable Fort Myers submarket and is being offered well below replacement cost. The permitted zoning is CI. The property's APN numbers are: 244424P40070D0110

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1981
Construction CONCRETE
Total area 19,480 SF
Lot 1.08 ac (47,250 SF)
Zoning code C1
APN 24-44-24-P4-0070D.0080
UPID US18-2993534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tilia Gonzalez Physician
  • Tom Hong Physician
  • Alika Wood Physician
  • Ryan Nelson Physician
  • Michael Gartland Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rose Hill Fort Myers LLC · 11 yrs held
Rose Hill Fort Myers LLC
since 2015
Last sale
$70,100
5 recorded transactions
2015
$14.8M
2013
$12.0M
2000
$775,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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