Pondella Professional Park 3 Office Properties Offered at $2,353,523 CAD in North Fort Myers, FL

High-Visibility Medical Office Investment with Significant Value-Add Upside (Potential NOI of $120k to $140k)
- Three (3) concrete block buildings totaling ±7,816 SF
- Six (6) units – ideal for multi-tenant or owner-user configuration
- Positioned for medical / professional office use
- Strong frontage on Pondella Rd with excellent visibility
- Ample parking + easy access for patients and tenants
Pricing & Investment Metrics
- List Price: $1,699,000
- Price Per SF: ˜ $217/SF
- Projected Stabilized Cap Rate: ~8.5% – 10.5% (based on medical lease-up)
- Value-add opportunity through lease-up and completion of renovations
- Potential to achieve premium medical rents ($24–$28/SF)
Medical / Office Opportunity
Ideal for:
- Medical clinics / urgent care
- Dental / specialty practices
- Professional office users
- Flexible layouts allow for custom tenant buildouts
- Strong demand for small-bay medical space in North Fort Myers corridor
Value-Add Upside
- Mid-redevelopment project – ready for completion
Opportunity to:
- Increase NOI through leasing
- Modernize interiors and exterior aesthetics
- Improve signage and branding for tenant visibility
- Condo conversion potential (sell units individually)
Location Highlights
- Located in North Fort Myers, a rapidly growing submarket
- Minutes to Cape Coral and Fort Myers
- Immediate access to US-41 (Tamiami Trail)
- Surrounded by dense residential neighborhoods and expanding commercial activity
- High traffic counts and strong local demographics
Property Summary
- Year Built: 1977
- Total SF: ±7,816 SF
- Lot Size: ~1.62 acres
- Configuration: 3 buildings | 6 units
- Zoning: Commercial (office/medical permitted)
Executive Positioning (Investor Angle)
- Medical office repositioning play in supply-constrained market
- Stabilized NOI upside supports strong yield at current pricing
Ideal for:
- Private investor
- Medical user/investor hybrid
- Developer seeking small-bay lease-up asset