Flex Space with Grade-Level
New
For Sale
$569,000
12940 Express Ct B12, Fort Myers, FL 33913
Finished office space, a private full bath, and a kitchenette complement the clear-span warehouse area.
Property Size1,975 SF
Price / SF$288.10
Days on Market2
Property Features for 12940 Express Ct B12
General Information
Standard status
Active
Size
1,975 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
1,260 SF
Office Build-Out
715 SF
Mezzanine
300 SF
Drive-In Doors
1
Power
225 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,702
Building Details
Year Built
2007
Stories
1
Construction
concrete tilt-up
Listing Agency:
Phil Deems Real Estate
Listed By:
Philip A Deems · License #258033389
(239) 478-0056
Source:
Elliman
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:08AM
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 Phil Deems Real Estate
Investment Insights
Based on property information with market context.
This 2007-built flex property totals 1,975 SF, with 715 SF of finished, air-conditioned office and reception space and 1,260 SF of clear-span warehouse area. The office includes epoxy flooring, a private full bath, and a breakroom with kitchenette. A 300 SF mezzanine adds storage or work area. The warehouse has an 18 ft+ clear ceiling, a 10’ x 12’ electric overhead door, and approximately 225 Amps of 208/120 Volt, 3-phase service. Other building features include hurricane impact glass, concrete tilt-up construction, fire sprinklers, and professional landscaping.
The property is in Worthington Park of Commerce in the Gateway submarket, off Daniels Parkway. I-75, Southwest Florida International Airport, and Alico Road are nearby, with access to regional logistics corridors. The configuration supports a mix of office and warehouse functions.
The property is in Worthington Park of Commerce in the Gateway submarket, off Daniels Parkway. I-75, Southwest Florida International Airport, and Alico Road are nearby, with access to regional logistics corridors. The configuration supports a mix of office and warehouse functions.
Key Highlights
- 1,975 total SF, including 715 SF of office and 1,260 SF of warehouse
- 300 SF mezzanine
- 18 ft+ clear warehouse ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,606
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,120
$432.1K
Cap Rate 7%
$308,657
$308.7K
Cap Rate 9%
$240,067
$240.1K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$35.6K $18.00/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$33.2K $16.83/SF
− OpEx
−$11.6K −$5.89/SF
NOI
$21.6K $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 Rate 5%
$432,120
Cap Rate 7%
$308,657
Cap Rate 9%
$240,067
Alternative Uses
Best Use
Flex RnD
$308.7K
$270.1K – $360.1K
NOI $21,606 @ 7.0% cap · market cap 3.80%
Second Best
Warehouse
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,513 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Flex space - Finished office space, a private full bath, and a kitchenette complement the clear-span warehouse area.
Where is this flex space located?
The property is located at 12940 Express Ct B12 Fort Myers, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,975 total SF, including 715 SF of office and 1,260 SF of warehouse; 300 SF mezzanine; 18 ft+ clear warehouse ceiling height
