Automotive Storage
New
For Sale
$189,900
17860 Toy Vault Ln, Fort Myers, FL 33967
COMMERCIAL - FORT MYERS, FL
Property Size600 SF
Lot Size0.01 Acres
Price / SF$316.50
Days on Market6
Property Features for 17860 Toy Vault Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
On US-41, turn right onto Babcock Rd. Then turn left onto Toy Vault Ln.
Subdivision
FM01 - Fort Myers Area
Standard status
Active
APN
07-46-25-L3-16008.8030
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOY VAULT CONDO
Tax Annual Amount
1682
Legal Description
TOY VAULT CONDO
Utilities
Utilities
Water Available
Amenities
epoxy-coated floors
16-foot ceilings
LED lighting
oversized roll-up garage door
private restroom
dedicated private Wi-Fi
gated community
controlled access
24-hour security
surveillance cameras
shared gathering area
Building Details
Year built
2023
Floors in Building
1
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Matthew Foley · License #3543801
(815) 243-9781
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 11 at 11:06PM
MLS# 226028133
Copyright © 2026 Coconut Coast Organization of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2023 automotive storage condominium offers approximately 600 square feet of private space for vehicle storage and related personal uses. The unit features epoxy-coated flooring, 16-foot ceilings, LED illumination, and an oversized roll-up garage door. The ceiling height may accommodate a loft or mezzanine, while the private restroom includes an option for shower installation. Dedicated private Wi-Fi is included.
The property is located at 17860 Toy Vault Ln in Fort Myers, just off US-41 near Alico Road. Access to I-75, Southwest Florida International Airport, Naples, and Cape Coral is noted. The gated community includes controlled entry, 24-hour security, surveillance cameras, and a shared gathering area for owners and automotive events. Water, security, and Wi-Fi are included in the annual association dues.
The property is located at 17860 Toy Vault Ln in Fort Myers, just off US-41 near Alico Road. Access to I-75, Southwest Florida International Airport, Naples, and Cape Coral is noted. The gated community includes controlled entry, 24-hour security, surveillance cameras, and a shared gathering area for owners and automotive events. Water, security, and Wi-Fi are included in the annual association dues.
Key Highlights
- Approximately 600 square feet of private automotive storage space
- 16‑foot ceilings, epoxy‑coated floors, LED lighting, and oversized roll‑up garage door
- 2023 construction with private restroom and shower‑installation option
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$157,420
$157.4K
Cap Rate 7%
$112,443
$112.4K
Cap Rate 9%
$87,456
$87.5K
Market Conditions
NOI Build-Up for 600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.6K $19.32/SF
− Vacancy
−$348 −$0.58/SF
EGI
$11.2K $18.74/SF
− OpEx
−$3.4K −$5.62/SF
NOI
$7.9K $13.12/SF
Area
Lee County, FL
Vacancy
3.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$157,420
Cap Rate 7%
$112,443
Cap Rate 9%
$87,456
Alternative Uses
Best Use
Retail
$112.4K
$98.4K – $131.2K
NOI $7,871 @ 7.0% cap · market cap 4.14%
Second Best
Warehouse
$87.4K
$76.5K – $102.0K
NOI $6,118 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$188.8K
$165.2K – $220.3K
NOI $13,219 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33967, FL
28,174
Population
11,685
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,707
Density / Sq Mi
$84,787
Median Household Income
$48,792
Median Earnings
$1,695
Median Rent
$321,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Budget Rent A Car — fort myers, fl 33901
- Fort Myers Car Rental — 1651 Fowler St, Fort Myers, FL 33901
- U-Haul Neighborhood Dealer — 2650 Fowler St, Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Automotive property - Gated facility provides controlled entry, surveillance, and a private restroom with shower-installation option.
Where is this automotive property located?
The property is located at 17860 Toy Vault Ln Fort Myers, FL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Approximately 600 square feet of private automotive storage space; 16‑foot ceilings, epoxy‑coated floors, LED lighting, and oversized roll‑up garage door; 2023 construction with private restroom and shower‑installation option
