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    Property profile & analytics

    4210 Metro Pkwy Fort Myers, FL 33916

    • Office buildings
    • 19,531 SF
    • 3.53 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1452024
    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

    • Chicago Title Insurance Co / Title Company
    • Visiting Angels Fort Myers / Hospice / Senior Citizen Center
    • SatCom Marketing, LLC / Advertising Agency / Marketing & Advertising
    • FedEx Drop Box / Postal Service / Courier Service
    • Domestic Security Training Academy / Security Service

    Property Details for 4210 Metro Pkwy

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    3.53 lot acres
    Property size
    19,531 SF
    Zone code
    CI CI
    Property type
    Office buildings
    APN
    31-44-25-P4-00300.006A
    APU
    314425P400300006A

    Description

    Fairfax Center offers exceptional executive office suites for lease in Fort Myers, Florida. This Class B building, constructed in 1986 and totaling 59,579 square feet, boasts a contemporary exterior with monument signage and 24-hour access. Two available spaces range from 1,831 to 1,987 square feet, perfect for businesses seeking multiple tenancy options. Recently renovated common areas provide a modern and appealing atmosphere. The building features elevators and is zoned CI. Its strategic location at 4210 Metro Pkwy, Fort Myers, FL 33916, places it in a thriving office submarket, just north of the Metro Parkway and Colonial Boulevard intersection. This area is home to numerous prominent businesses, including Lee Health, Suncoast Credit Union, Cintas, and Florida Cancer Specialists, offering excellent visibility and convenience. A special incentive of six months free rent is available with a 66-month lease. This property presents a compelling opportunity for businesses seeking a prestigious and well-located office space in Fort Myers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,965,000
      6.5%
      $5,510,000
      7%
      $5,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,640,000
      Market price range: $2.79M - $8.09M
      AI Estimate
      $2,956,000
      Market price range: $1.34M - $5.79M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,345,000
      Current use
      COMMERCIAL (GENERAL)
      $7,010,000
      Change: +31% Conversion: Easy
      MEDICAL BUILDING
      $5,190,000
      Change: -3% Conversion: Easy
      RETAIL STORES
      $5,085,000
      Change: -5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $4,620,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8514
    Latitude
    26.6011
    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
    $68,453
    $231,922
    $3,518,304
    $3,750,226
    -
    $231,922
    $3,518,304
    $3,750,226

    Comparable in this City

    • Value Estimation
      $865,000
      3,870 SF

      2121 Frd St

      OFFICE BUILDING (MULTI-STORY) • 3,870 SF
      2121 Frd St, Fort Myers, FL 33916
      View Details
    • Value Estimation
      $5,005,000
      21,340 SF

      4310 Metro Pkwy

      OFFICE BUILDING (MULTI-STORY) • 21,340 SF
      4310 Metro Pkwy, Fort Myers, FL 33916-9462
      View Details
    • Value Estimation
      $630,000
      2,520 SF

      6940 Msn Ln

      OFFICE BUILDING (MULTI-STORY) • 2,520 SF
      6940 Msn Ln, Fort Myers, FL 33916-4862
      View Details
    • Value Estimation
      $1,425,000
      720 SF

      3550 Old Metro Pkwy

      OFFICE BUILDING (MULTI-STORY) • 720 SF
      3550 Old Metro Pkwy, Fort Myers, FL 33916-7523
      View Details
    • Value Estimation by Request
      180 SF

      2831 Hunter St

      OFFICE BUILDING (MULTI-STORY) • 180 SF
      2831 Hunter St, Fort Myers, FL 33916-7609
      View Details
    • Value Estimation by Request
      1,512 SF

      4220 Executive Cir, Unit 31

      PROFESSIONAL BUILDING • 1,512 SF
      4220 Executive Cir, Fort Myers, FL 33916-8005
      View Details

    Similar Nearby for Sale

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      Land • 0.70 Acres
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      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      59,579 SF

      Fort Myers Executive Office Suites

      Prime Fort Myers location, modern office space.
      4210 Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $27 SF/Yr
      58,257 SF

      Metro Park Executive Center

      Fort Myers Office Space, Newly Renovated
      4415 Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $19 SF/Yr
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      Ironwood Center: Fort Myers Office

      Prime Fort Myers Executive Suite, 3008 sq ft
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      View Details
    • $31 SF/Yr
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      Fort Myers Office: Secure & Renovated

      3,400 SF Office, Secured Yard, Great Location
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    • Contact for pricing
      99,317 SF

      Fort Myers Industrial Land for Sale

      2.28 Acres, Heavy Industrial, Secure Yard
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      View Details
    • $15 SF/Yr
      67,197 SF

      Fort Myers Industrial Portfolio

      Multi-tenant flex space, Lee County.
      2853-2861 Work Dr, Fort Myers, FL 33916
      View Details
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    4210 Metro Pkwy
    Fort Myers, FL 33916
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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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