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6238 Presidential Ct 7,400 SF 100% Leased Office Building Fort Myers, FL 33919 $1,300,000 ($175.68/SF) 8.35% Cap Rate
Investment Highlights
- Stabilized, Income-producing asset with strong historical occupancy
- Central Fort Myers location with High visibility from Summerlin Rd
- Accessible to Summerlin Rd, College Pky, US-41
- Long-standing tenant base
- Desirable suburban office submarket. Established Professional Office park
- Attractive to 1031 buyers
Executive Summary
6238 PRESIDENTIAL COURT IS A WELL OCCUPIED AND INCOME PRODUCING OFFICE BUILDING located just off Summerlin Road in the heart of Fort Myers. The property features long standing tenants, strong historical occupancy, and excellent accessibility to College Parkway and US-41. Offered at $1,300,000, this asset produces a current NOI of $104,500, bringing in a current 8.04% Cap Rate. Existing rents are below market rates, creating a value-add opportunity through lease rollover and rent adjustments. At a conservative $20/sf rental rate, projected NOI supports a 10.57% stabilized Cap Rate offering a compelling upside for investors seeking both income and appreciation. The building benefits from rear elevation visibility from Summerlin Road, providing additional signage and branding potential. Ideal for investors pursuing 1031 Exchange placement or strategic yield enhancement in one of Fort Myers’ most established office corridors.
Projected stabilized cap approaching 8–10% as rents move toward market levels
Projected stabilized cap approaching 8–10% as rents move toward market levels
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,400 SF
Building Class
B
Year Built
1981
Price
$1,300,000
Price Per SF
$175.68
Cap Rate
8.35%
NOI
$108,540
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,400 SF
Building FAR
0.26
Lot Size
0.65 AC
Zoning
CT - Commercial Tourist
Parking
32 Spaces (4.32 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Skylights
- Central Heating
- Partitioned Offices
- Air Conditioning
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-45-24-34-00000.0350 | Improvements Assessment | $488,747 (2026) |
| Land Assessment | $309,198 (2026) | Total Assessment | $797,945 (2026) |
Property Taxes
Parcel Number
14-45-24-34-00000.0350
Land Assessment
$309,198 (2026)
Improvements Assessment
$488,747 (2026)
Total Assessment
$797,945 (2026)
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6238 Presidential Ct
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