Industrial Flex Space with
For Sale
Contact for pricing
5483 Lee St, Lehigh Acres, FL 33971
Flex space with an air-conditioned warehouse and spacious offices, plus two baths, zoned IL.
Property Size1,916 SF
Price / SF$234.34
Days on Market860
Property Features for 5483 Lee St
General Information
Standard status
Active
Size
1,916 SF
Property subtype
INDUSTRIAL
Zoning
IL
Additional Details
Conditioned Warehouse
Yes
Building Details
Year Built
2004
Buildings
1
Building Size
1,916 SF
Listing Agency:
Sperry Commercial | The Signature Group
(239) 245-8398
Listed By:
Theresa Blauch-Mitchell, CCIM · License ##BK3202944
(239) 265-2628
Source:
Moodyscre
Added: May 13, 2024
Changed: Sep 5
Last Checked: Sep 19 at 11:55AM
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 Sperry Commercial | The Signature Group
Investment Insights
Based on property information with market context.
Industrial flex space at 5483 Lee St in Lehigh Acres offers a versatile layout for light industrial and commercial uses. The property includes a 1,916 square foot building and an air-conditioned warehouse designed to support day-to-day work and operations.
The facility also features spacious office areas and two baths, providing practical separation between work and administrative space. Built in 2004, the building is positioned for functional, efficient occupancy.
Zoned IL, the property is intended to accommodate a diverse range of industrial and commercial endeavors. This combination of warehouse support and dedicated office space makes it suitable for businesses seeking a flexible setup on one site.
The facility also features spacious office areas and two baths, providing practical separation between work and administrative space. Built in 2004, the building is positioned for functional, efficient occupancy.
Zoned IL, the property is intended to accommodate a diverse range of industrial and commercial endeavors. This combination of warehouse support and dedicated office space makes it suitable for businesses seeking a flexible setup on one site.
Key Highlights
- 1,916 square foot industrial/flex building
- Air‑conditioned warehouse
- Spacious offices plus two baths
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
$32,926
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
7.33%
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%
$658,520
$658.5K
Cap Rate 7%
$470,371
$470.4K
Cap Rate 9%
$365,844
$365.8K
Market Conditions
NOI Build-Up for 1,916 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
$47.8K $24.96/SF
− Vacancy
−$3.9K −$2.05/SF
EGI
$43.9K $22.91/SF
− OpEx
−$11.0K −$5.73/SF
NOI
$32.9K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$658,520
Cap Rate 7%
$470,371
Cap Rate 9%
$365,844
Alternative Uses
Best Use
Office B
$470.4K
$411.6K – $548.8K
NOI $32,926 @ 7.0% cap · market cap 7.33%
Second Best
Flex RnD
$299.4K
$262.0K – $349.3K
NOI $20,960 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$603.0K
$527.7K – $703.6K
NOI $42,213 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33971, FL
26,333
Population
8,802
Households
3
Avg Household Size
33
Median Age
15%
College-Educated
85%
High-School Grad
17.0 sq mi
ZIP Area
1,549
Density / Sq Mi
$72,784
Median Household Income
$38,898
Median Earnings
$1,678
Median Rent
$271,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with an air-conditioned warehouse and spacious offices, plus two baths, zoned IL.
Where is this flex space located?
The property is located at 5483 Lee St Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,916 square foot industrial/flex building; Air‑conditioned warehouse; Spacious offices plus two baths
