Building Details

Year Built 1985

Listing Agency: Barclays Real Estate Group 1 Show Phone

Listed By: Mary Dickey · License #258032358 Show Phone

Source: Alfredrobbins

Added: Sep 18 Changed: Oct 26 Last Checked: Oct 26 at 3:17PM

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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 Barclays Real Estate Group 1

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Investment Insights

Based on property information with market context.

This 4,250±-square-foot flex space at Metro Commerce Center is fully air-conditioned and has grade-level overhead doors. The property is identified for distribution, office, showroom, and warehouse operations, with Industrial Planned Development (IPD) zoning. Lee County water and sewer services are available to the property.

Located on Metro Parkway in Fort Myers, the property has connections to I-75 and US 41. Reported traffic counts are 34,500 AADT on Metro Parkway and 8,700 AADT on Danley Drive.

Key Highlights

• 4,250+- square feet of flex space
• 100% air‑conditioned interiors
• Grade‑level overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,493

Cap Rate

5.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$929,860 $929.9K

Cap Rate 7%

$664,186 $664.2K

Cap Rate 9%

$516,589 $516.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,250 SF

Gross rent

$76.5K $18.00/SF

− Vacancy

−$5.0K −$1.17/SF

EGI

$71.5K $16.83/SF

− OpEx

−$25.0K −$5.89/SF

NOI

$46.5K $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%

$929,860

Cap Rate 7%

$664,186

Cap Rate 9%

$516,589

Alternative Uses

Best Use

Flex RnD

$664.2K

$581.2K – $774.9K (±1% cap)

NOI $46,493 @ 7.0% cap · market cap 5.81%

Second Best

Warehouse

$619.0K

$541.7K – $722.2K (±1% cap)

NOI $43,333 @ 7.0% cap · market cap 5.42%

Theoretical Best

Office A

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,636 @ 7.0% cap · market cap 11.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Oasis Building & Remodeling Construction Company Southern Computers Electronics & Wireless Store 21st Century Oncology Physician G3 Catering Take-out & Catering Geotech Environmental Equipment ... Environmental Consultant

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

646

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 33966, FL

11,245

Population

7,472

Households

1.5

Avg Household Size

50

Median Age

44%

College-Educated

97%

High-School Grad

8.8 sq mi

ZIP Area

1,278

Density / Sq Mi

$86,812

Median Household Income

$54,302

Median Earnings

$1,743

Median Rent

$362,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• G3 Catering — 12165 Metro Pkwy, Fort Myers, FL 33966
• Commercial Kitchen Fort Myers LLC — 11770-A Metro Pkwy, Fort Myers, FL 33966
• AteBalls — 11770 Metro Pkwy, Fort Myers, FL 33966
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Frequently Asked Questions

What type of property is this?

Flex space - The fully air-conditioned suite has grade-level overhead doors and access to Lee County water and sewer services.

Where is this flex space located?

The property is located at 12165 Metro PKWY 1-4 Fort Myers, FL.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: 4,250+- square feet of flex space; 100% air‑conditioned interiors; Grade‑level overhead doors