Four-Unit Flex
For Sale
$5,500,000
10951 Harmony Park Dr, Bonita Springs, FL 34135
Commercial Sale, BONITA SPRINGS, FL
Property Size18,452 SF
Lot Size1.01 Acres
Price / SF$298.07
Days on Market183
Property Features for 10951 Harmony Park Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Standard status
Active
APN
02-48-25-B3-00400.0310
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GREYHOUND COMMERCE PARK DESC IN PB 66 PGS 21-22 LOTS 31 + 32
Tax Annual Amount
42655
Legal Description
GREYHOUND COMMERCE PARK DESC IN PB 66 PGS 21-22 LOTS 31 + 32
Building Details
Year built
2003
Floors in Building
2
Listing Agency:
Downing Frye Realty Inc.
(239) 261-2244
Listed By:
Patricia McClimans, LLC
(239) 293-4285
Added: Apr 10
Changed: Oct 7
Last Checked: Oct 9 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This 2003-built flex property contains four warehouse and office units totaling 18,452 SF on 1.01 acres. The concrete-block building has insulated 28-foot ceilings, air conditioning, and a sprinkler system. Gated sections are located along the sides and rear, and Unit 1, measuring 3026 square feet, is available for lease. The property is zoned IL.
The site is in Greyhound Industrial Park off Bonita Beach Road at Exit 116, between I-75 and Old 41.
The site is in Greyhound Industrial Park off Bonita Beach Road at Exit 116, between I-75 and Old 41.
Key Highlights
- Four units with 18,452 SF of combined building area
- 1.01‑acre site with IL zoning
- Insulated 28' ceilings, air conditioning, and sprinkler system
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.
Property Analytics
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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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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 - Concrete-block construction, air conditioning, and fire sprinklers serve the warehouse and office areas.
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 with 18,452 SF of combined building area; 1.01‑acre site with IL zoning; Insulated 28' ceilings, air conditioning, and sprinkler system
