Air-Conditioned Flex
New
For Sale
$250,000
14702 Tarmac Ct H8, Fort Myers, FL 33913
Concrete-block commercial storage unit with dedicated power, vehicle access, and shared service amenities.
Property Size1,050 SF
Price / SF$238.10
Days on Market2
Property Features for 14702 Tarmac Ct H8
General Information
Standard status
Active
Size
1,050 SF
Warehouse & Industrial
Drive-In Doors
1
Power
50 amps
Conditioned Warehouse
Yes
Amenities
restrooms
showers
laundry facilities
on-site sewer dump station
Building Details
Year Built
2020
Construction
concrete block
Listing Agency:
Keller Williams Realty Naples
Listed By:
Denny Grimes, Morgan Grimes · License #258017564
(239) 851-0880
Source:
Swfloridarealestate
Added: Sep 4
Last Checked: Sep 4 at 2:08PM
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 Keller Williams Realty Naples
Investment Insights
Based on property information with market context.
Built in 2020, this 21-by-50-foot concrete-block flex space combines enclosed storage with practical commercial utility. The unit has epoxy flooring, a mini-split air-conditioning system, 50-AMP power, a 14-foot overhead door, and a separate pedestrian entrance. The configuration accommodates RVs, boats, multiple vehicles, or warehouse-related use.
Wide internal drive aisles support maneuvering for oversized vehicles and trailers. Shared facility features include restrooms, showers, laundry facilities, and an on-site sewer dump station. The property is described as secure and hurricane-rated, adding durable construction and operational convenience for storage or business use.
Wide internal drive aisles support maneuvering for oversized vehicles and trailers. Shared facility features include restrooms, showers, laundry facilities, and an on-site sewer dump station. The property is described as secure and hurricane-rated, adding durable construction and operational convenience for storage or business use.
Key Highlights
- 21' x 50' concrete‑block storage unit built in 2020
- Mini‑split air conditioning and epoxy flooring
- 50‑AMP power with a 14' overhead door
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
$11,486
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
4.59%
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%
$229,720
$229.7K
Cap Rate 7%
$164,086
$164.1K
Cap Rate 9%
$127,622
$127.6K
Market Conditions
NOI Build-Up for 1,050 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
$18.9K $18.00/SF
− Vacancy
−$1.2K −$1.17/SF
EGI
$17.7K $16.83/SF
− OpEx
−$6.2K −$5.89/SF
NOI
$11.5K $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 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%
$229,720
Cap Rate 7%
$164,086
Cap Rate 9%
$127,622
Alternative Uses
Best Use
Flex RnD
$164.1K
$143.6K – $191.4K
NOI $11,486 @ 7.0% cap · market cap 4.59%
Second Best
Warehouse
$152.9K
$133.8K – $178.4K
NOI $10,706 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$330.5K
$289.2K – $385.6K
NOI $23,134 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial 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 - Concrete-block commercial storage unit with dedicated power, vehicle access, and shared service amenities.
Where is this flex space located?
The property is located at 14702 Tarmac Ct H8 Fort Myers, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 21' x 50' concrete‑block storage unit built in 2020; Mini‑split air conditioning and epoxy flooring; 50‑AMP power with a 14' overhead door
