Two-Unit Office
1312 N 15th St. Immokalee, FL 34142
New
For Sale
$1,200,000
Distinctive two-unit concrete block office building with paved parking, impact windows, and handicap-accessible restrooms.
Property Size3,000 SF
Price / SF$400
Days on Market5
Property Features for 1312 N 15th St.
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing Agency:
Southern Heritage Real Estate
(863) 673-0829
Listed By:
Sherri Denning · License #258000253
Source:
Mymiahomes
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 24 at 2:45PM
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 Southern Heritage Real Estate
Investment Insights
Based on property information with market context.
This distinctive two-unit commercial building features over 3,000 square feet of concrete block construction with an Old Florida facade, shingle roof, and impact windows. The property includes large Southern-style front porches and ample paved parking for visitors and employees.
Each unit is set up with handicap-accessible restrooms, kitchenettes, and storage. The building is equipped with two central A/C units plus a mini-split serving the south addition.
The space is currently used as an insurance office and a photography studio, and offers a flexible layout for an owner-user or an investor seeking a property with two independent units.
Each unit is set up with handicap-accessible restrooms, kitchenettes, and storage. The building is equipped with two central A/C units plus a mini-split serving the south addition.
The space is currently used as an insurance office and a photography studio, and offers a flexible layout for an owner-user or an investor seeking a property with two independent units.
Key Highlights
- Over 3,000 sq. ft. concrete block commercial building with Old Florida facade and shingle roof
- Distinctive two‑unit layout with handicap‑accessible restrooms, kitchenettes, and storage in each unit
- Impact windows plus large Southern‑style front porches
Financial Insights For Office B
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 | $90.0k | $30.00 |
| − Vacancy | −$7.7k | −$2.55 |
| EGI | $82.4k | $27.45 |
| − OpEx | −$20.6k | −$6.86 |
| NOI | $61.8k | $20.59 |
3,000 SF · lease $30.00/SF/yr · vacancy 8.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$882.3K
$772.0K – $1.03M
NOI $61,763 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,283 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Distinctive two-unit concrete block office building with paved parking, impact windows, and handicap-accessible restrooms.
Where is this office units located?
The property is located at 1312 N 15th St. Immokalee, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Over 3,000 sq. ft. concrete block commercial building with Old Florida facade and shingle roof; Distinctive two‑unit layout with handicap‑accessible restrooms, kitchenettes, and storage in each unit; Impact windows plus large Southern‑style front porches
