Flex Condominium with
New
For Sale
$670,140
12165 Metro Pkwy Units 19B - 22B, Fort Myers, FL 33966
Office and warehouse condominium with private restrooms, roll-up doors, vaulted storage, and IL Light Industrial zoning.
Property Size3,942 SF
Price / SF$170
Days on Market2
Property Features for 12165 Metro Pkwy Units 19B - 22B
General Information
Standard status
Active
Size
3,942 SF
Property subtype
Industrial
Zoning
IL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
1,305 SF
Amenities
kitchenette
Building Details
Building Size
3,942 SF
Year Built
1985
Parking Ratio
3.32 per 1,000 SF
Listing Agency:
Cushman & Wakefield | Fort Myers
(239) 470-9646
Listed By:
Gary Tasman · License #BK3002798
Source:
Naiglobal
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 6:44AM
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 Cushman & Wakefield | Fort Myers
Investment Insights
Based on property information with market context.
This ±3,942-square-foot flex commercial condominium combines office improvements with functional warehouse space. The first and second floors contain 7–8 offices, a second-floor kitchenette, and three private restrooms. The ±1,305-square-foot warehouse area includes two roll-up doors and ±230 square feet of vaulted storage. Built in 1985, the property is zoned IL (Light Industrial) and offers a 3.32/1,000 SF parking ratio.
The condominium is positioned just off Metro Parkway in the South Fort Myers / San Carlos submarket. Colonial Boulevard is accessible to the north, while Daniels Parkway lies to the south, providing connections to US-41 and other major thoroughfares. Nearby properties include office, warehouse, service, and retail uses serving local and regional businesses.
The condominium is positioned just off Metro Parkway in the South Fort Myers / San Carlos submarket. Colonial Boulevard is accessible to the north, while Daniels Parkway lies to the south, providing connections to US-41 and other major thoroughfares. Nearby properties include office, warehouse, service, and retail uses serving local and regional businesses.
Key Highlights
- ±3,942 SF flex commercial condominium with office and warehouse areas
- 7–8 offices, second‑floor kitchenette, and three private restrooms
- ±1,305 SF warehouse with two roll‑up doors
Financial Insights For Flex RnD
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 | $71.0k | $18.00 |
| − Vacancy | −$4.6k | −$1.17 |
| EGI | $66.3k | $16.83 |
| − OpEx | −$23.2k | −$5.89 |
| NOI | $43.1k | $10.94 |
3,942 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$967.8K
$846.8K – $1.13M
NOI $67,743 @ 7.0% cap · market cap 10.11%
Second Best
Flex RnD
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,850 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Savour First Choice Catering-Corporate Catering branch — 11770 metro pkwy a, fort myers, fl 33966
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse condominium with private restrooms, roll-up doors, vaulted storage, and IL Light Industrial zoning.
Where is this flex space located?
The property is located at 12165 Metro Pkwy Units 19B - 22B Fort Myers, FL.
What is the asking price?
The asking price for this property is $670,140.
What are key features of this property?
This property features: ±3,942 SF flex commercial condominium with office and warehouse areas; 7–8 offices, second‑floor kitchenette, and three private restrooms; ±1,305 SF warehouse with two roll‑up doors
