8% Cap Rate Potential - Income Producing Office Building for sale in Fort Myers, FL

Business Summary:
6238 Presidential Court is a well occupied and income producing office building located just off Summerlin Road in the heart of Fort Myers, FL. The property features long standing tenants, strong historical occupancy, and excellent accessibility to College Parkway and US-41.This asset produces a current NOI of $92,800, bringing in a current 6.08% 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 8.24% stabilized cap rate offering a compelling upside for investors seeking both income and appreciation.The building benefits from real 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 the Fort Myers’ most established office corridors.