Island Office/Retail Building For
10191 Stringfellow Road St James City, FL 33956
For Sale
Contact for pricing
Office/retail building in the heart of Pine Island, Florida.
Property Size4,947 SF
Price / SF$282
Days on Market819
Property Features for 10191 Stringfellow Road
General Information
- Standard status
- Active
- Size
- 4,947 SF
- Property subtype
- Special Purpose, Land
Listing Agency:
CENTURY 21 SUNBELT REALTY
(239) 851-1727
Listed By:
Michael Shevlin · License #FL
Source:
Crexi
Added: Apr 27, 2024
Changed: Jul 6
Last Checked: Jul 24 at 12:13PM
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 CENTURY 21 SUNBELT REALTY
Investment Insights
Based on property information with market context.
Located in the heart of Pine Island, Florida, this office/retail building offers a total of 4,947 square feet. Constructed in 2006 with CBS materials, the property features city water and sewer services, along with ample parking. The building is currently configured into three rental units. Pine Island is known for its fishing industry, tropical fruit and palm groves, and its Old Florida Island lifestyle. Thousands of acres are preserved in their natural state. The property is situated near Cape Coral and Fort Myers, in the central commercial area. Possible owner financing is available.
Key Highlights
- Possible owner financing available.
- Located in the heart of Pine Island's commercial area.
- 4,947 sq ft building with 3 rental units.
Financial Insights For Office B
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 | $123.5k | $24.96 |
| − Vacancy | −$10.1k | −$2.05 |
| EGI | $113.4k | $22.91 |
| − OpEx | −$28.3k | −$5.73 |
| NOI | $85.0k | $17.18 |
4,947 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.42M
NOI $85,014 @ 7.0% cap · market cap 6.07%
Second Best
Retail
$927.1K
$811.2K – $1.08M
NOI $64,896 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,992 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Island Design Kitchens ...
General Contractor
FedEx Drop Box
Postal Service
Jarvis & Associates PA
Law Firm
Edward Jones - Financial ...
Financial Advisor
FAQs
What type of property is this?
Office building - Office/retail building in the heart of Pine Island, Florida.
Where is this office building located?
The property is located at 10191 Stringfellow Road St James City, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Possible owner financing available.; Located in the heart of Pine Island's commercial area.; **4,947 sq ft building with 3 rental units.**
