Four-Unit Flex
For Sale
$5,500,000
10951 Harmony Park DR, Bonita Springs, FL 34135
Warehouse and office areas are housed in an air-conditioned, sprinklered building with insulated ceilings.
Property Size18,452 SF
Price / SF$298.07
Days on Market192
Property Features for 10951 Harmony Park DR
General Information
Standard status
Active
Size
18,452 SF
Property subtype
Industrial,Warehouse
Zoning
IL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
28 ft
Sprinkler System
Yes
Conditioned Warehouse
Yes
Additional Details
Property Use
Warehouse/Office
Taxes and HOA fees
Annual Taxes
$42,655
Building Details
Year Built
2003
Building Size
18,452 SF
Construction
concrete block
Listing Agency:
Downing Frye Realty Inc.
(239) 293-4285
Listed By:
Patricia McClimans
(239) 261-2244
Source:
Kevinshellyrealty
Added: Apr 20
Changed: Oct 26
Last Checked: Oct 26 at 2:41PM
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 Downing Frye Realty Inc.
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Investment Insights
Based on property information with market context.
This 2003 concrete-block flex property contains four warehouse and office units totaling 18,452 square feet. The building has 28-foot insulated ceilings, air conditioning, and a fire sprinkler system. Unit 1, comprising 3,026 square feet, is available for lease. The property is gated along its sides and rear and carries IL zoning.
The property is in Greyhound Industrial Park near Bonita Beach Road Exit 116, between I-75 and Old 41. Its configuration combines warehouse and office space within a single multi-unit building.
The property is in Greyhound Industrial Park near Bonita Beach Road Exit 116, between I-75 and Old 41. Its configuration combines warehouse and office space within a single multi-unit building.
Key Highlights
- Four units totaling 18,452 square feet
- Concrete‑block construction with 28‑foot insulated ceilings
- Air‑conditioned and fully sprinklered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,856
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,037,120
$4.0M
Cap Rate 7%
$2,883,657
$2.9M
Cap Rate 9%
$2,242,844
$2.2M
Market Conditions
NOI Build-Up for 18,452 SF
Gross rent
$332.1K $18.00/SF
− Vacancy
−$21.6K −$1.17/SF
EGI
$310.5K $16.83/SF
− OpEx
−$108.7K −$5.89/SF
NOI
$201.9K $10.94/SF
Area
Lee County, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,037,120
Cap Rate 7%
$2,883,657
Cap Rate 9%
$2,242,844
Alternative Uses
Best Use
Flex RnD
$2.88M
$2.52M – $3.36M
NOI $201,856 @ 7.0% cap · market cap 3.67%
Second Best
Warehouse
$2.69M
$2.35M – $3.14M
NOI $188,135 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$5.81M
$5.08M – $6.78M
NOI $406,534 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
28 ft
Clear height
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Naples Catering — 1495 Rail Head Blvd #1, Naples, FL 34110
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office areas are housed in an air-conditioned, sprinklered building with insulated ceilings.
Where is this flex space located?
The property is located at 10951 Harmony Park DR Bonita Springs, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Four units totaling 18,452 square feet; Concrete‑block construction with 28‑foot insulated ceilings; Air‑conditioned and fully sprinklered
