Airport-Area Flex
For Sale
Contact for pricing
14580 Global Parkway, Fort Myers, FL 33913
Industrial flex building with owner-user occupancy capacity and existing income from leased space.
Property Size37,720 SF
Price / SF$212.09
Days on Market116
Property Features for 14580 Global Parkway
General Information
Standard status
Active
Size
37,720 SF
Total Parking Spaces
101
Property subtype
Office, Industrial
Zoning
IPD-IPD
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Buildings
1
Tenancy
Multi
Building Size
37,720 SF
Listing Agency:
LSI Companies
(239) 565-3456
Listed By:
Eric Edwards, CCIM · License #FL BK3152338
Source:
Crexi
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 9:02PM
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 LSI Companies
Investment Insights
Based on property information with market context.
Panther Center is a 37,720-square-foot flex property completed in 2008, combining industrial and office components within a single commercial building. An owner-user can occupy up to 25,000 square feet, while existing leased space provides ongoing income. The property is designated IPD-IPD zoning.
The building is located at 14580 Global Parkway in Fort Myers, Florida, with access to Treeline Avenue, Daniels Parkway, I-75, and Southwest Florida International Airport. It is approximately 0.5 miles from Treeline Avenue, 0.6 miles from Daniels Parkway, 1 mile from I-75, and 5.2 miles from RSW. Cape Coral is 11.5 miles away, while downtown Fort Myers is 12 miles away.
The combination of industrial and office space supports a flexible occupancy arrangement, with room for an operating company to use a substantial portion of the building while retaining leased-area income.
The building is located at 14580 Global Parkway in Fort Myers, Florida, with access to Treeline Avenue, Daniels Parkway, I-75, and Southwest Florida International Airport. It is approximately 0.5 miles from Treeline Avenue, 0.6 miles from Daniels Parkway, 1 mile from I-75, and 5.2 miles from RSW. Cape Coral is 11.5 miles away, while downtown Fort Myers is 12 miles away.
The combination of industrial and office space supports a flexible occupancy arrangement, with room for an operating company to use a substantial portion of the building while retaining leased-area income.
Key Highlights
- 37,720± square feet of flex industrial and office space
- Owner‑user occupancy capacity of up to 25,000 square feet
- Existing leased space provides in‑place income
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
$648,217
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
8.10%
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%
$12,964,340
$13.0M
Cap Rate 7%
$9,260,243
$9.3M
Cap Rate 9%
$7,202,411
$7.2M
Market Conditions
NOI Build-Up for 37,720 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
$941.5K $24.96/SF
− Vacancy
−$77.2K −$2.05/SF
EGI
$864.3K $22.91/SF
− OpEx
−$216.1K −$5.73/SF
NOI
$648.2K $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%
$12,964,340
Cap Rate 7%
$9,260,243
Cap Rate 9%
$7,202,411
Alternative Uses
Best Use
Office B
$9.26M
$8.10M – $10.80M
NOI $648,217 @ 7.0% cap · market cap 8.10%
Second Best
Flex RnD
$5.89M
$5.16M – $6.88M
NOI $412,638 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$11.87M
$10.39M – $13.85M
NOI $831,047 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building with owner-user occupancy capacity and existing income from leased space.
Where is this flex space located?
The property is located at 14580 Global Parkway Fort Myers, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 37,720± square feet of flex industrial and office space; Owner‑user occupancy capacity of up to 25,000 square feet; Existing leased space provides in‑place income
