Bonita Springs Flex/Warehouse
For Sale
$1,124,999
Pending
27900 Industrial St, Bonita Springs, FL 34135
Flex space with warehouse and office in growing Bonita Springs.
Property Size3,780 SF
Days on Market123
Property Features for 27900 Industrial St
General Information
Standard status
Pending
Size
3,780 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,590
Building Details
Year Built
1980
Stories
1
Listing Agency:
Knowledge Base Real Estate
(239) 398-8934
Listed By:
Logan Lockwood · License #251535222
(239) 398-8934
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Aug 23 at 6:21AM
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 Knowledge Base Real Estate
Investment Insights
Based on property information with market context.
Located in the growing Bonita Springs area, this property offers a flexible space solution with a combination of office and warehouse functionalities. The property features approximately 780 square feet of office space, divided into three separate office spaces. The warehouse component provides roughly 2600 square feet of storage capacity. Additionally, there is a 420-square-foot storage area and two bathrooms. The property includes a fenced-in yard suitable for equipment storage. Access to the warehouse is facilitated by one garage door at the front of the building and one roll-up door at the rear. The building has a C2 zoning designation. A TPO roof was installed in 2017. The property is located near the growing downtown area and has good access to a major roadway. There are 3 years remaining on a 5 year lease with the current tenant.
Key Highlights
- Excellent location off a major road in the growing Bonita Springs area, near the downtown area.
- C2 Zoning allows for a variety of commercial uses.
- Combination of office (780 sqft) and warehouse space (2600 sqft) provides versatility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,351
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,020
$827.0K
Cap Rate 7%
$590,729
$590.7K
Cap Rate 9%
$459,456
$459.5K
Market Conditions
NOI Build-Up for 3,780 SF
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.
Gross rent
$68.0K $18.00/SF
− Vacancy
−$4.4K −$1.17/SF
EGI
$63.6K $16.83/SF
− OpEx
−$22.3K −$5.89/SF
NOI
$41.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,020
Cap Rate 7%
$590,729
Cap Rate 9%
$459,456
Alternative Uses
Best Use
Flex RnD
$590.7K
$516.9K – $689.2K
NOI $41,351 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$492.9K
$431.3K – $575.1K
NOI $34,506 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,281 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with warehouse and office in growing Bonita Springs.
Where is this flex space located?
The property is located at 27900 Industrial St Bonita Springs, FL.
What is the asking price?
The asking price for this property is $1,124,999.
What are key features of this property?
This property features: Excellent location off a major road in the growing Bonita Springs area, near the downtown area.; C2 Zoning allows for a variety of commercial uses.; Combination of office (780 sqft) and warehouse space (2600 sqft) provides versatility.
