Industrial Warehouse with Outdoor
For Sale
$2,430,000
6130 Idlewild St, Fort Myers, FL 33966
Fenced, secured warehouse with new office, six grade-level doors, and outdoor storage for flexible industrial operations.
Property Size8,993 SF
Lot Size1.00 Acre
Price / SF$270.21
Days on Market86
Property Features for 6130 Idlewild St
General Information
Standard status
Active
Size
8,993 SF
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
IL
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
6
Additional Details
Fenced Yard
Yes
Building Details
Building Size
8,993 SF
Year Built
1984
Listing Agency:
Lee & Associates | Fort Myers
Listed By:
Colton Brausen
(651) 303-7516
Source:
Lee-associates
Added: Jun 12
Changed: Sep 4
Last Checked: Sep 4 at 4:36AM
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 industrial warehouse building totals 8,993 SF on a 1 AC fenced and secured site. The property offers an 18’ clear height and includes six grade-level doors sized at 10’ x 14’. An industrial outdoor storage area supports storage and staging needs alongside the warehouse interior. Recent capital improvements are in progress or completed, including a new roof and a new office, with the owner currently painting the building and milling/paving the exterior lot.
The property’s secured configuration and multiple grade-level access points are designed for efficient daily use. It also includes designated site improvements to support exterior operations, with the lot being addressed through milling and paving by the owner. The building is zoned IL, which aligns with industrial use requirements.
For tenants or buyers seeking a warehouse that can handle both in-building logistics and outdoor storage, this facility provides straightforward loading access through six grade-level doors and a substantial clearance height. The onsite office adds capacity for administrative functions connected to warehouse operations. With the exterior improvements underway and the site secured, the property is well-suited for industrial users looking to improve day-to-day functionality and appearance as they take occupancy.
The property’s secured configuration and multiple grade-level access points are designed for efficient daily use. It also includes designated site improvements to support exterior operations, with the lot being addressed through milling and paving by the owner. The building is zoned IL, which aligns with industrial use requirements.
For tenants or buyers seeking a warehouse that can handle both in-building logistics and outdoor storage, this facility provides straightforward loading access through six grade-level doors and a substantial clearance height. The onsite office adds capacity for administrative functions connected to warehouse operations. With the exterior improvements underway and the site secured, the property is well-suited for industrial users looking to improve day-to-day functionality and appearance as they take occupancy.
Key Highlights
- 8,993 SF industrial warehouse on 1 AC, for sale or lease
- New office and new roof
- 18’ clear height with six (6) grade‑level doors (10’ x 14’)
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
$91,692
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
3.77%
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%
$1,833,840
$1.8M
Cap Rate 7%
$1,309,886
$1.3M
Cap Rate 9%
$1,018,800
$1.0M
Market Conditions
NOI Build-Up for 8,993 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
$113.3K $12.60/SF
− Vacancy
−$5.4K −$0.60/SF
EGI
$107.9K $12.00/SF
− OpEx
−$16.2K −$1.80/SF
NOI
$91.7K $10.20/SF
Area
Lee County, FL
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,833,840
Cap Rate 7%
$1,309,886
Cap Rate 9%
$1,018,800
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,692 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$1.17M
$1.03M – $1.37M
NOI $82,094 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,134 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
6
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Fenced, secured warehouse with new office, six grade-level doors, and outdoor storage for flexible industrial operations.
Where is this warehouse located?
The property is located at 6130 Idlewild St Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,430,000.
What are key features of this property?
This property features: 8,993 SF industrial warehouse on 1 AC, for sale or lease; New office and new roof; 18’ clear height with six (6) grade‑level doors (10’ x 14’)
