1520 Royal Palm Square BlvdFort Myers, FL 33919

Property Details for 1520 Royal Palm Square Blvd

Year built

1990

Construction

CONCRETE

Lot size

1.97 AC

Property size (Sq ft)

14,984 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

02-45-24-P1-00400.0010

APU

024524P1004000010

Description

This exceptional Class A executive office space, located at 1520 Royal Palm Square Blvd in Fort Myers, Florida, offers 43,747 square feet within the prestigious Royal Palm Corporate Center. Built in 1990 and extensively renovated in 2017, the single-building complex boasts a prime location at the southwest corner of Summerlin Road and Royal Palm Square Boulevard. The property is zoned CG and situated in Lee County, offering convenient access to major roadways and amenities. Currently, there is one available suite of 1,088 square feet. The building features ample parking with 146 spaces available for tenants and visitors. This is a multi-tenant property ideal for businesses seeking a sophisticated and well-maintained office environment in a thriving location. The property's modern design and recent renovations ensure a comfortable and productive workspace. The address is easily accessible and highly visible, providing excellent branding opportunities. This is an exceptional opportunity to secure office space in a highly desirable Fort Myers location. The zip code is 33919.

• CAP approach

  CAP return

  Valuation

  6%

  $3,974,658

  6.5%

  $3,668,915

  7%

  $3,406,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,005,934

  Geo Method

  $2,736,528

• Alternative Use

  Use

  Valuation

  Residential

  $4,549,455

  Hospitality

  $4,167,276

  Educational

  $3,467,125

  Medical

  $3,586,364

  Retail

  $5,393,306

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5937

Longitude

-81.8842

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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