Tilt-Up Warehouse Unit with Overhead
For Sale
Contact for pricing
12940-12960 Express Ct, Fort Myers, FL 33913
Condominium warehouse built in 2007 with a 10' x 12' overhead door, 18' ceiling height, and tilt-up construction.
Property Size2,064 SF
Price / SF$290.70
Days on Market222
Property Features for 12940-12960 Express Ct
General Information
Standard status
Active
Size
2,064 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Height
18 ft
Amenities
Hurricane Impact Glass
Professional Landscaping
Abundant Parking
Extensive Exterior Lighting
Building Details
Year Built
2007
Construction
concrete tilt-up
Listing Agency:
Lee & Associates | Orlando
(321) 281-8500
Listed By:
Brock Rasmussen · License #3345374
(239) 209-0458
Source:
Moodyscre
Added: Mar 24
Changed: Oct 25
Last Checked: Oct 30 at 5:38PM
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 | Orlando
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Investment Insights
Based on property information with market context.
This 2007-built condominium warehouse features concrete tilt-up construction and hurricane impact glass. The unit includes one 10’ x 12’ overhead door and an 18’ warehouse ceiling height.
The property also offers professional landscaping, abundant parking, and extensive exterior lighting.
Condo fees are listed as $1,165 per quarter. The public remarks indicate it is the last unit remaining for sale in the Gateway.
The property also offers professional landscaping, abundant parking, and extensive exterior lighting.
Condo fees are listed as $1,165 per quarter. The public remarks indicate it is the last unit remaining for sale in the Gateway.
Key Highlights
- Built in 2007 condominium warehouse with concrete tilt‑up construction
- 10' x 12' overhead door and 18' warehouse ceiling height
- Hurricane impact glass
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,044
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,880
$420.9K
Cap Rate 7%
$300,629
$300.6K
Cap Rate 9%
$233,822
$233.8K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$26.0K $12.60/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$24.8K $12.00/SF
− OpEx
−$3.7K −$1.80/SF
NOI
$21.0K $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 Rate 5%
$420,880
Cap Rate 7%
$300,629
Cap Rate 9%
$233,822
Alternative Uses
Best Use
Warehouse
$300.6K
$263.1K – $350.7K
NOI $21,044 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.6K
$568.4K – $757.9K
NOI $45,474 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33913, FL
28,216
Population
16,026
Households
1.8
Avg Household Size
54
Median Age
47%
College-Educated
95%
High-School Grad
101.0 sq mi
ZIP Area
279
Density / Sq Mi
$106,925
Median Household Income
$54,341
Median Earnings
$1,914
Median Rent
$439,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Condominium warehouse built in 2007 with a 10' x 12' overhead door, 18' ceiling height, and tilt-up construction.
Where is this warehouse located?
The property is located at 12940-12960 Express Ct Fort Myers, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Built in 2007 condominium warehouse with concrete tilt‑up construction; 10' x 12' overhead door and 18' warehouse ceiling height; Hurricane impact glass
