Warehouse/Distribution Facility on Corner
For Sale
Contact for pricing
1585 Seaboard St, Fort Myers, FL
10,500 SF warehouse/distribution facility on corner lot for sale.
Property Size10,400 SF
Lot Size0.88 Acres
Price / SF$250
Days on Market353
Property Features for 1585 Seaboard St
General Information
Standard status
Active
Size
10,400 SF
Lot size
0.88 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Jeremiah Baron & Co.
(772) 215-3436
Listed By:
Carlos Pelaez
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:39AM
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 Jeremiah Baron & Co.
Investment Insights
Based on property information with market context.
This single-story, standalone warehouse and distribution facility offers approximately 10,500 SF of flexible space, ideally suited for storage, light manufacturing, or other industrial uses. The property features an open layout complemented by two full bathrooms, supporting a range of operational needs. Strategically positioned at the high-visibility corner of Seaboard Street and Michigan Ave, the location provides excellent accessibility from key traffic corridors, enhancing logistical efficiency and customer access. Zoned C1, the site supports a wide variety of commercial and light industrial applications, making it a strong option for both investors and owner-users. The current tenant in place has a strong operational presence in the area.
Key Highlights
- High‑visibility corner location at Seaboard Street and Michigan Ave, providing excellent accessibility.
- Approximately 10,500 SF of flexible space suitable for storage, light manufacturing, or other industrial uses.
- C1 zoning supports a wide variety of commercial and light industrial applications.
Financial Insights For Warehouse
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 | $131.0k | $12.60 |
| − Vacancy | −$6.3k | −$0.60 |
| EGI | $124.8k | $12.00 |
| − OpEx | −$18.7k | −$1.80 |
| NOI | $106.0k | $10.20 |
10,400 SF · lease $12.60/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.33M – $1.77M
NOI $106,038 @ 7.0% cap · market cap 4.08%
Second Best
Industrial
$1.36M
$1.19M – $1.58M
NOI $94,938 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,133 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Warehouses in Fort Myers
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Highway 31 Storage LLC — Foxworthy professional building, 1601 Jackson St, Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Warehouse - 10,500 SF warehouse/distribution facility on corner lot for sale.
Where is this warehouse located?
The property is located at 1585 Seaboard St Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: High‑visibility corner location at Seaboard Street and Michigan Ave, providing excellent accessibility.; Approximately 10,500 SF of flexible space suitable for storage, light manufacturing, or other industrial uses.; C1 zoning supports a wide variety of commercial and light industrial applications.
