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    Upgraded Vehicle Storage Unit Title is generated by Realmo AI

    100-18950 S Tamiami Trl, Fort Myers, FL 33903

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    For Sale
    $649,000

    Rare, fully finished vehicle storage unit with upgraded features.

    Property size:
    2,900 SF
    Price / SF:
    $223/SF
    Added:
    Apr 9, 2026
    Days on Market:
    54
    Last Refresh:
    May 31 at 9:47 pm

    Property Features for 100-18950 S Tamiami Trl

    General Information

    Standard status
    Active
    Size
    2,900 SF

    We can help!

    Listing Contact
    Torry Sigvartsen, PA

    Listing agent Torry Sigvartsen, PA

    Listing office Naples Beach & Bay Realty Inc

    Listing date Apr 9, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Naples Beach & Bay Realty Inc

    HighLights

    • Rare vehicle storage unit in premier car enthusiast community (Classic Estates) with only 24 units.
    • Move‑in ready, fully finished unit with builder upgrades; no waiting list.
    • Total of 2900 sq ft of finished space including a 1250 sq ft garage, 1250 sq ft loft, and 400 sq ft bonus loft.
    • Includes two single mast car lifts in the garage.
    • Upstairs loft features a kitchenette, full bathroom with laundry, office/bedroom, and large living area with 85" TV; entire unit is under AC.
    • Low quarterly fee of $600 covers insurance, yard maintenance, water, internet, garbage, and security.

    Overview

    This vehicle storage unit is located in Classic Estates, a gated community for car enthusiasts in Southwest Florida. The property features security cameras and a 16’x14’ electric roll-up door. The unit offers 1,250 square feet on the garage floor, a fully finished 1,250-square-foot upstairs loft, and an additional 400-square-foot bonus loft space on the third level, totaling 2,900 square feet of finished space. The garage floor includes a water filter system for the entire unit and a mop sink. The upstairs area is equipped with a kitchenette featuring an island, a full bathroom with a washer/dryer laundry area, an office/bedroom with walk-in storage/closets, and a large hangout/living area with an 85-inch TV. The entire unit is air-conditioned. The garage is equipped with two single mast car lifts. A quarterly fee covers insurance, yard maintenance, water, internet, garbage dumpster, security cameras, and gate operation via phone.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $56.0k $19.32
    − Vacancy −$1.7k −$0.58
    EGI $54.3k $18.74
    − OpEx −$16.3k −$5.62
    NOI $38.0k $13.12
    2,900 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $543.5K
    $475.5K – $634.1K (±1% cap)
    NOI $38,043 @ 7.0% cap · market cap 5.86%
    Second Best
    Self Storage
    $436.9K
    $382.3K – $509.7K (±1% cap)
    NOI $30,584 @ 7.0% cap · market cap 4.71%
    Theoretical Best
    Office A
    $912.8K
    $798.7K – $1.06M (±1% cap)
    NOI $63,893 @ 7.0% cap · market cap 9.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.876838
    Latitude
    26.663192

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    FAQs

    What type of property is this?
    Self storage facility - Rare, fully finished vehicle storage unit with upgraded features.
    Where is this self storage facility located?
    The property is located at 100-18950 S Tamiami Trl Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Rare vehicle storage unit in premier car enthusiast community (Classic Estates) with only 24 units.; Move‑in ready, fully finished unit with builder upgrades; no waiting list.; **Total of 2900 sq ft of finished space including a 1250 sq ft garage, 1250 sq ft loft, and 400 sq ft bonus loft.**
    (239) 595-5525
    We can help!
    Listing Contact
    Torry Sigvartsen, PA
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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