4-Unit Flex
10951 Harmony Park Dr, Bonita Springs, FL 34135
For Sale
$5,500,000
Commercial Sale, BONITA SPRINGS, FL
Property Size18,452 SF
Lot Size1.01 Acres
Price / SF$298.07
Days on Market215
Property Features for 10951 Harmony Park Dr
General Information
Property type
Property subtype
Zoning
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
Patricia McClimans, LLC
(239) 293-4285
Added: Apr 10
Changed: Nov 5
Last Checked: Nov 10 at 12:06PM
MLS# 226016387
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2003, this four-unit flex property contains 18,452 square feet of concrete-block warehouse and office space on 1.01 acres. The building has insulated 28-foot ceilings, full air conditioning and a sprinkler system. Gated areas are located along the sides and rear of the property. Its IL zoning supports the uses identified for the site, including distribution, light manufacturing, storage, assembly, construction services, professional services and office use.
The property is in Greyhound Industrial Park, off Bonita Beach Road at Exit 116, between I-75 and Old 41 in Bonita Springs, Florida.
The property is in Greyhound Industrial Park, off Bonita Beach Road at Exit 116, between I-75 and Old 41 in Bonita Springs, Florida.
Key Highlights
- Four‑unit property with 18,452 square feet of warehouse and office space
- 1.01‑acre site; building constructed in 2003
- Insulated ceilings reach 28 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,329
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,146,580
$5.1M
Cap Rate 7%
$3,676,129
$3.7M
Cap Rate 9%
$2,859,211
$2.9M
Market Conditions
NOI Build-Up for 18,452 SF
Gross rent
$317.0K $17.18/SF
− Vacancy
−$14.3K −$0.77/SF
EGI
$302.7K $16.41/SF
− OpEx
−$45.4K −$2.46/SF
NOI
$257.3K $13.95/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$17.18 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,146,580
Cap Rate 7%
$3,676,129
Cap Rate 9%
$2,859,211
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,329 @ 7.0% cap · market cap 4.68%
Second Best
Industrial
$3.03M
$2.65M – $3.53M
NOI $211,918 @ 7.0% cap · market cap 3.85%
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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Current Use
Lease Details
28 ft
Clear height
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Balanced
Demand for This Use
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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
$419,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Lee County, FL
Properties on Market for Flex space in Lee County
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 - IL-zoned space combines warehouse and office areas with full air conditioning and room for a range of stated commercial uses.
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‑unit property with 18,452 square feet of warehouse and office space; 1.01‑acre site; building constructed in 2003; Insulated ceilings reach 28 feet
