10191 Stringfellow Road, St James City, FL 33956
Office/retail building in the heart of Pine Island, Florida.
- Added:
- Apr 27, 2024
- Days on Market:
- 774
- Last Refresh:
- May 13 at 8:18 pm
Property Features for 10191 Stringfellow Road
General Information
- Standard status
- Active
- Size
- 4,947 SF
- Property subtype
- Special Purpose, Land
Listing agent Michael Shevlin License #FL
Listing office CENTURY 21 SUNBELT REALTY
Listing date Apr 27, 2024
Source Crexi
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
HighLights
- Possible owner financing available.
- Located in the heart of Pine Island's commercial area.
- 4,947 sq ft building with 3 rental units.
- Built in 2006 with CBS construction.
- City water and sewer.
- Plenty of parking.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- St James City
- County
- Lee
- State
- Florida
- Longitude
- -82.116669
- Latitude
- 26.6082946
