Flex Space with
New
For Sale
$569,000
12940 Express Court, Fort Myers, FL 33913
CommercialSale, Fort Myers, FL
Property Size1,975 SF
Lot Size0.52 Acres
Price / SF$288.10
Days on Market4
Property Features for 12940 Express Court
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
MPD
Directions
From I-75, Travel East on Daniels Parkway from I-75 for approximately 4 miles. Turn north (left) onto Commerce Lakes Drive. Turn left onto Express Court, travel approximately 600ft, property will be on your right.
Subdivision
GA01 - Gateway
Standard status
Active
APN
18-45-26-33-0000B.0B12
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DANIELS INDUSTRIAL CONDOMINIUM DESC IN INST#2007000266010 BLDG B UNIT B12
Tax Annual Amount
5702
Legal Description
DANIELS INDUSTRIAL CONDOMINIUM DESC IN INST#2007000266010 BLDG B UNIT B12
Utilities
Water front features
Lake
Water front
1
Building Details
Year built
2007
Floors in Building
1
Listing Agency:
Phil Deems Real Estate
(239) 945-4545
Listed By:
Philip A Deems · License #258033389
(239) 478-0056
Added: Oct 10
Last Checked: Oct 13 at 4:06PM
MLS# 2026042781
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2007, this flex unit contains 1,975 square feet, including 715 square feet of finished, air-conditioned office and reception space and 1,260 square feet of warehouse area. The office portion includes a private full bathroom and a breakroom with kitchenette. A 300-square-foot mezzanine adds further space. The warehouse has an 18-foot-plus clear height and a 10-by-12-foot electric overhead door for grade-level loading. Improvements include concrete tilt-up construction, impact-rated windows, fire sprinklers, and approximately 225-amp, 208/120-volt three-phase electrical service.
The property is in Worthington Park of Commerce in Fort Myers, off Daniels Parkway, with access to I-75. Southwest Florida International Airport and Alico Road are also identified as nearby destinations.
The property is in Worthington Park of Commerce in Fort Myers, off Daniels Parkway, with access to I-75. Southwest Florida International Airport and Alico Road are also identified as nearby destinations.
Key Highlights
- 1,975 SF total, with 715 SF of office and 1,260 SF of warehouse space
- 300 SF mezzanine
- 18 ft+ warehouse clear 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 - The unit combines climate-controlled office space with warehouse capacity and grade-level loading.
Where is this flex space located?
The property is located at 12940 Express Court 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 SF total, with 715 SF of office and 1,260 SF of warehouse space; 300 SF mezzanine; 18 ft+ warehouse clear height
