Auto Repair Flex
For Sale
$2,243,430
6100 Idlewild St, Fort Myers, FL 33966
9,000 SF auto repair and flex building with secure fenced yard, paint booth, and multiple grade-level doors.
Property Size8,309 SF
Lot Size1.19 Acres
Price / SF$249.27
Days on Market91
Property Features for 6100 Idlewild St
General Information
Standard status
Active
Size
8,309 SF
Lot size
1.19 Acres
Property subtype
Retail
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
10
Additional Details
Fenced Yard
Yes
Building Details
Building Size
8,309 SF
Year Built
1978
Listing Agency:
Lee & Associates | Fort Myers
Listed By:
Colton Brausen
(651) 303-7516
Source:
Lee-associates
Added: Jun 7
Changed: Sep 4
Last Checked: Sep 4 at 3:12AM
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 Lee & Associates | Fort Myers
Investment Insights
Based on property information with market context.
This 9,000 SF auto repair facility offers a combination of shop and flex space inside a fenced, secured site. The building includes a new office and is undergoing improvements including a new roof, exterior painting, LED warehouse lighting installation, and milling/paving of the exterior lot. Operational support features include an existing paint booth, 16' clear height, and ten grade-level doors (nine 10' x 10' and one 12' x 10'). Drive-through bays and an industrial outdoor storage area support larger vehicle and equipment workflows.
The property is offered for sale and also described as available for lease, positioned on 1.19 acres with room for vehicle staging and secured storage. The exterior lot is being updated as part of the current renovations, and the fenced perimeter is intended to help control access.
For tenants or buyers seeking an automotive-focused repair and light industrial setup, the existing door count, clear height, and paint booth provide immediate utility without requiring major facility rework. The drive-through bays and outdoor storage can help accommodate service vehicles and equipment between job steps, while the new office supports on-site administrative needs.
The property is offered for sale and also described as available for lease, positioned on 1.19 acres with room for vehicle staging and secured storage. The exterior lot is being updated as part of the current renovations, and the fenced perimeter is intended to help control access.
For tenants or buyers seeking an automotive-focused repair and light industrial setup, the existing door count, clear height, and paint booth provide immediate utility without requiring major facility rework. The drive-through bays and outdoor storage can help accommodate service vehicles and equipment between job steps, while the new office supports on-site administrative needs.
Key Highlights
- 9,000 SF auto repair and flex building on 1.19 AC for lease
- New office and new roof; exterior lot being milled/paved and building being painted
- 16' clear height with 10 grade‑level doors (9 at 10' x 10' and 1 at 12' x 10')
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
$118,065
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
5.26%
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%
$2,361,300
$2.4M
Cap Rate 7%
$1,686,643
$1.7M
Cap Rate 9%
$1,311,833
$1.3M
Market Conditions
NOI Build-Up for 9,000 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
$173.9K $19.32/SF
− Vacancy
−$5.2K −$0.58/SF
EGI
$168.7K $18.74/SF
− OpEx
−$50.6K −$5.62/SF
NOI
$118.1K $13.12/SF
Area
Lee County, FL
Vacancy
3.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
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%
$2,361,300
Cap Rate 7%
$1,686,643
Cap Rate 9%
$1,311,833
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,065 @ 7.0% cap · market cap 5.26%
Second Best
Flex RnD
$1.41M
$1.23M – $1.64M
NOI $98,456 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,288 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
10
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
472
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - 9,000 SF auto repair and flex building with secure fenced yard, paint booth, and multiple grade-level doors.
Where is this auto shop located?
The property is located at 6100 Idlewild St Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,243,430.
What are key features of this property?
This property features: 9,000 SF auto repair and flex building on 1.19 AC for lease; New office and new roof; exterior lot being milled/paved and building being painted; 16' clear height with 10 grade‑level doors (9 at 10' x 10' and 1 at 12' x 10')
