16255 Pine Ridge Road #404, Fort Myers, FL 33908

Building Details

Building Size 2,100 SF More

Year Built 2026 More

Stories 1 More

Listing Agency: Royal Shell Real Estate, Inc. m***@royalshell.com Show Phone

Listed By: Michael McMurray · License FL #280500145 Show Phone

Source: Islandexchangerealty

Added: Jun 1 Changed: Nov 11 Last Checked: Nov 11 at 9:00PM

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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 Royal Shell Real Estate, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,100-square-foot flex space is configured as a garage condominium, with an open interior, high ceilings, and oversized access doors. Built in 2026, the unit can accommodate vehicle storage, equipment, or workshop use, with room to arrange the interior around operational needs.

The property is at 16255 Pine Ridge Road, Unit 404, in Fort Myers. Major roadways are accessible from the site. The unit is described as secure and low-maintenance.

Key Highlights

• 2,100‑square‑foot garage condominium
• Oversized access doors and high ceilings
• Open interior suited to vehicle or equipment storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,118

Cap Rate

4.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,360 $482.4K

Cap Rate 7%

$344,543 $344.5K

Cap Rate 9%

$267,978 $268.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$36.1K $17.18/SF

− Vacancy

−$1.6K −$0.77/SF

EGI

$34.5K $16.41/SF

− OpEx

−$10.3K −$4.92/SF

NOI

$24.1K $11.48/SF

Area

Lee County, FL

Vacancy

4.50%

Lease Rate

$17.18 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,360

Cap Rate 7%

$344,543

Cap Rate 9%

$267,978

Alternative Uses

Best Use

Industrial

$344.5K

$301.5K – $402.0K (±1% cap)

NOI $24,118 @ 7.0% cap · market cap 4.31%

Second Best

Flex RnD

$258.7K

$226.4K – $301.8K (±1% cap)

NOI $18,108 @ 7.0% cap · market cap 3.24%

Theoretical Best

Office A

$661.0K

$578.3K – $771.1K (±1% cap)

NOI $46,267 @ 7.0% cap · market cap 8.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Bakery Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

551

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 33908, FL

43,110

Population

32,067

Households

1.3

Avg Household Size

63

Median Age

44%

College-Educated

96%

High-School Grad

34.2 sq mi

ZIP Area

1,261

Density / Sq Mi

$74,711

Median Household Income

$50,063

Median Earnings

$1,829

Median Rent

$346,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Fort Myers, FL

$197 Jul

$209 Aug

$213 Sep

$229 Oct

Properties on Market for Flex space in Fort Myers

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - An open garage condominium offers adaptable room for vehicle storage, equipment, or a private workspace.

Where is this flex space located?

The property is located at 16255 Pine Ridge Road #404 Fort Myers, FL.

What is the asking price?

The asking price for this property is $559,000.

What are key features of this property?

This property features: 2,100‑square‑foot garage condominium; Oversized access doors and high ceilings; Open interior suited to vehicle or equipment storage