12800 University DrFort Myers, FL 33907

Property Details for 12800 University Dr

Year built

1990

Construction

STEEL FRAME

Lot size

16.05 AC

Property size (Sq ft)

12,408 SF

Zone code

CPD CPD CPD

Property type

Office properties

Property subtype

Office buildings

APN

14-45-24-00-00006.0000

APU

14452400000060000

Description

University Park I, a Class A, six-story office building (19,209 total square feet) in Fort Myers, Florida, offers multiple executive office suites for lease. Located at 12800 University Drive, at the intersection of College Parkway and Summerlin Road (Lee County, zip code 33907), this 1990-built property provides convenient access to US 41, Cape Coral, downtown Fort Myers, and Bonita Springs. The building features elevators, ample designated parking in a garage, a backup generator, and fiber optic services. Individual suites range from a minimum of 3,375 square feet to a maximum contiguous space of 5,934 square feet, with a total of 19,209 square feet currently vacant. The property boasts full-service CAM including 5-day janitorial service and electricity, and signage opportunities are available. Zoned CPD, this exceptional location offers a park-like setting adjacent to Florida Southwestern State College, making it an ideal location for businesses seeking a prestigious address in Southwest Florida's prime business district. The building's amenities and strategic location provide an unparalleled business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,291,348

  6.5%

  $3,038,167

  7%

  $2,821,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,489,164

  Geo Method

  $2,266,073

• Alternative Use

  Use

  Valuation

  Residential

  $3,767,328

  Hospitality

  $3,450,852

  Educational

  $2,871,068

  Medical

  $2,969,808

  Retail

  $4,466,106

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.555

Longitude

-81.8842

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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