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Property profile & analytics
OFF-MARKET Estimated value $2,040,000
Office buildings

2931 Michigan Ave Fort Myers, FL 33916-1921

6,880 SF 2.4 ac lot Built 1956
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-1454022
Property summary
AI-generated overview

This newly renovated 3,400 square foot traditional office space in Fort Myers, Florida, offers a unique blend of functionality and security. Located at 2931 Michigan Ave, 33916, this single-tenant property sits on nearly an acre of land, providing ample space and privacy. The property boasts a comprehensive security system, including a coded electric gate, 24-hour camera surveillance, and key fob entry for secure 24/7 access to the building. The interior features a modern design and includes shared amenities with one other tenant, such as a kitchen, bathroom, and a large conference room. This exceptional location offers easy access to Interstate 75, less than four miles away, ensuring convenient commutes for employees and clients. The property is zoned CI (City of Fort Myers) within Lee County, making it suitable for a variety of professional businesses seeking a secure and well-maintained workspace. The combination of modern amenities, enhanced security features, and prime location makes this property an ideal choice for businesses prioritizing both functionality and peace of mind. This is a rare opportunity to secure a well-appointed office space in a highly desirable area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,880 SF
Lot 2.4 ac (104,600 SF)
Zoning code C1
APN 18-44-25-P1-00003.0000
UPID US18-1454022
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.04M
CAP Approach CAP
$1.94M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.04M
Owner & transaction history
Vbbh Florida LLC · 2 yrs held
Vbbh Florida LLC
since 2024
Last sale
$2.0M
3 recorded transactions
2024
$2.0M
2021
$825,000
2001
$389,100
Zoning & alternative use
C1 · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.5M +31.1%
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