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$193.80
Days on Market130
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
(239) 209-0458
Listed By:
Brock Rasmussen · License #3345374
(239) 209-0458
Source:
Moodyscre
Added: Mar 24
Changed: Jul 27
Last Checked: Jul 31 at 3:46AM
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
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 For Warehouse
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 | $26.0k | $12.60 |
| − Vacancy | −$1.2k | −$0.60 |
| EGI | $24.8k | $12.00 |
| − OpEx | −$3.7k | −$1.80 |
| NOI | $21.0k | $10.20 |
2,064 SF · lease $12.60/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$300.6K
$263.1K – $350.7K
NOI $21,044 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.6K
$568.4K – $757.9K
NOI $45,474 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Properties on Market for Warehouses in Fort Myers
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 $400,000.
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
