7320 Sanibel Blvd
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7320 Sanibel Blvd
1,800 SF 100% Leased Office Building Fort Myers, FL 33967 $659,000 ($366/SF)
Investment Highlights
- Seller Financing Option-Extremely favorable daily traffic count of 50,000 plus cars on US 41 and 9500 plus cars on Sanibel Blvd
- New flooring, doors, electrical panel, windows, lighting, baseboards & trim, bathroom fixtures with shower and exterior upgrades with new signage & sp
- This is a 2 unit ( 1300 sq ft & 500 sq ft) ( 2 Bath) completely remodeled free-standing block building done in 2023 on the corner of Sanibel Blvd. an
- Value Add-Fort Myers- Estero- Bonita Springs and Naples FL Location hard corner US 41 & Sanibel
Executive Summary
ATTENTION BUSINESS OWNERS: OFFICE/MEDICAL /RETAIL- ( No Power Loss or Storm Damage)This is a 2 unit ( 1300 sq ft & 500 sq ft) ( 2 Bath) completely remodeled free-standing block building done in 2023 on the corner of Sanibel Blvd. and US 41 in South Fort Myers/Estero Boarder with attractive signage on Sanibel Blvd. 18 parking spaces and storage area behind the building. The professional office building includes a reception area, 3 offices, large workspace areas, and a kitchenette area in the rear of building. Extremely favorable daily traffic count of 50,000 plus cars on US 41 and 9500 plus cars on Sanibel Blvd. Previously an Insurance Office/Title Company. New flooring, doors, electrical panel, windows, lighting, baseboards & trim, bathroom fixtures with shower and exterior upgrades with new signage & sprinkler system. Complete roof tear off 2020.
Ideal for a business owner that wants to have residual rental income from the second office, or build to suit. 15 minutes to RSW Airport, Florida Gulf Coast University, a multitude of luxury shopping, restaurants, bars, golf courses and beaches. Proximity to Estero , Bonita Springs and Naples FL is a huge value add for this property. This would be a perfect corporate satellite location for the right business owner. Seller financing option available- inquire for options.
Real Estate Trends:
A surge in both residential and commercial real estate projects.
High demand for single-family homes, townhomes, and luxury condominiums.
Growing interest from retirees, families, and investors seeking properties in this burgeoning area.
Capital Improvement Program (CIP):
Implementation of key infrastructure upgrades across the village of Estero
Focus on public safety improvements, such as street lighting and traffic management systems.
Commercial Real Estate Expansion:
New retail centers and commercial spaces are opening up to meet the needs of a growing population.
Development of office spaces aimed at attracting tech firms, healthcare providers, and professional services.
Tourism and Leisure Industry Growth:
Strong focus on the tourism and leisure sector, especially with the increase in visitors to Miromar Outlets, Coconut Point, and other local attractions.
Hotels and resorts expanding to cater to both tourists and visiting business professionals.
Emerging Business Sectors:
Healthcare and wellness industries continuing to expand with new clinics, hospitals, and fitness centers.
Growth in technology startups and online service providers due to favorable business conditions and a growing local market.
Green Infrastructure Initiatives:
Sustainable development projects aimed at reducing the carbon footprint of new buildings.
Implementation of solar energy and other renewable energy sources in new residential and commercial developments.
Ideal for a business owner that wants to have residual rental income from the second office, or build to suit. 15 minutes to RSW Airport, Florida Gulf Coast University, a multitude of luxury shopping, restaurants, bars, golf courses and beaches. Proximity to Estero , Bonita Springs and Naples FL is a huge value add for this property. This would be a perfect corporate satellite location for the right business owner. Seller financing option available- inquire for options.
Real Estate Trends:
A surge in both residential and commercial real estate projects.
High demand for single-family homes, townhomes, and luxury condominiums.
Growing interest from retirees, families, and investors seeking properties in this burgeoning area.
Capital Improvement Program (CIP):
Implementation of key infrastructure upgrades across the village of Estero
Focus on public safety improvements, such as street lighting and traffic management systems.
Commercial Real Estate Expansion:
New retail centers and commercial spaces are opening up to meet the needs of a growing population.
Development of office spaces aimed at attracting tech firms, healthcare providers, and professional services.
Tourism and Leisure Industry Growth:
Strong focus on the tourism and leisure sector, especially with the increase in visitors to Miromar Outlets, Coconut Point, and other local attractions.
Hotels and resorts expanding to cater to both tourists and visiting business professionals.
Emerging Business Sectors:
Healthcare and wellness industries continuing to expand with new clinics, hospitals, and fitness centers.
Growth in technology startups and online service providers due to favorable business conditions and a growing local market.
Green Infrastructure Initiatives:
Sustainable development projects aimed at reducing the carbon footprint of new buildings.
Implementation of solar energy and other renewable energy sources in new residential and commercial developments.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$58,000
|
$32.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,000
|
$32.22
|
| Taxes |
$7,500
|
$4.17
|
| Operating Expenses |
$3,600
|
$2.00
|
| Total Expenses |
$11,100
|
$6.17
|
| Net Operating Income |
$46,900
|
$26.06
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $58,000 |
| Annual Per SF | $32.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,000 |
| Annual Per SF | $32.22 |
| Taxes | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $4.17 |
| Operating Expenses | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $11,100 |
| Annual Per SF | $6.17 |
| Net Operating Income | |
|---|---|
| Annual | $46,900 |
| Annual Per SF | $26.06 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
$659,000
Price Per SF
$366
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,800 SF
Slab To Slab
8’
Building FAR
0.19
Lot Size
0.22 AC
Zoning
CS - commercial stand alone
Parking
18 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Natural Light
- Recessed Lighting
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 20-46-25-04-00010.0070 | Total Assessment | $278,856 |
| Land Assessment | $105,600 | Annual Taxes | $7,500 ($4.17/SF) |
| Improvements Assessment | $167,507 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
20-46-25-04-00010.0070
Land Assessment
$105,600
Improvements Assessment
$167,507
Total Assessment
$278,856
Annual Taxes
$7,500 ($4.17/SF)
Tax Year
2024
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7320 Sanibel Blvd
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