Flex Space with Fenced
For Sale
$1,124,999
Pending
27900 Industrial Street, Bonita Springs, FL 34135
COMMERCIAL - Bonita Springs, FL
Property Size3,800 SF
Lot Size0.35 Acres
Days on Market185
Property Features for 27900 Industrial Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-2
Fencing
Fenced
Directions
Property is located on Industrial St, which is off Bonita Beach Rd. Building is on the 3rd building on the left hand side.
Subdivision
BN08 - East of US41 South of Ter
Standard status
Pending
APN
35-47-25-B4-00210.0210
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HEITMANS BONITA SPRINGS BLK 10 PB 6 PG 24 LOTS 21 THRU 23
Tax Annual Amount
9590
Legal Description
HEITMANS BONITA SPRINGS BLK 10 PB 6 PG 24 LOTS 21 THRU 23
Building Details
Year built
1980
Floors in Building
1
Listing Agency:
Knowledge Base Real Estate
(239) 282-4705
Listed By:
Logan Lockwood · License #251535222
(239) 398-8934
Added: Feb 20
Changed: Aug 19
Last Checked: Aug 24 at 12:06PM
MLS# 2026008787
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. 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 1980 flex property combines office, warehouse, storage, and outdoor equipment space within a single commercial building. The right side includes three office spaces totaling approximately 780 square feet, while the warehouse area provides roughly 2,600 square feet. A separate 420-square-foot storage area with two bathrooms adds practical support space. The property also includes a fenced yard, one front garage door, and a rear roll-up door.
Located at 27900 Industrial Street in Bonita Springs, the property sits near a major roadway and is down the road from the downtown area. C2 zoning supports its commercial configuration. The TPO roof was installed in 2017, and the property is available for move-in August 1st.
Located at 27900 Industrial Street in Bonita Springs, the property sits near a major roadway and is down the road from the downtown area. C2 zoning supports its commercial configuration. The TPO roof was installed in 2017, and the property is available for move-in August 1st.
Key Highlights
- Approximately 780 sqft of office space across 3 offices
- Roughly 2600 sqft of warehouse space
- 420 sqft storage area with 2 bathrooms
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
$65,303
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
5.80%
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%
$1,306,060
$1.3M
Cap Rate 7%
$932,900
$932.9K
Cap Rate 9%
$725,589
$725.6K
Market Conditions
NOI Build-Up for 3,800 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
$94.8K $24.96/SF
− Vacancy
−$7.8K −$2.05/SF
EGI
$87.1K $22.91/SF
− OpEx
−$21.8K −$5.73/SF
NOI
$65.3K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,306,060
Cap Rate 7%
$932,900
Cap Rate 9%
$725,589
Alternative Uses
Best Use
Office B
$932.9K
$816.3K – $1.09M
NOI $65,303 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$593.9K
$519.6K – $692.8K
NOI $41,570 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,722 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34135, FL
45,518
Population
30,904
Households
1.5
Avg Household Size
60
Median Age
39%
College-Educated
88%
High-School Grad
61.8 sq mi
ZIP Area
737
Density / Sq Mi
$86,731
Median Household Income
$37,952
Median Earnings
$1,790
Median Rent
$419,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Combined office, warehouse, storage, and secured outdoor equipment space with multiple access points and C2 zoning.
Where is this flex space located?
The property is located at 27900 Industrial Street Bonita Springs, FL.
What is the asking price?
The asking price for this property is $1,124,999.
What are key features of this property?
This property features: Approximately 780 sqft of office space across 3 offices; Roughly 2600 sqft of warehouse space; 420 sqft storage area with 2 bathrooms
