Class A Industrial Flex
For Sale
$2,250,000
16360 Innovation Ln, Fort Myers, FL 33913
Commercial Sale, FORT MYERS, FL
Property Size8,295 SF
Lot Size0.06 Acres
Price / SF$271.25
Days on Market47
Property Features for 16360 Innovation Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
07-46-26-L3-1500C.0105
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INNOVATION AT ITEC K LAND COND
Tax Annual Amount
4318
Legal Description
INNOVATION AT ITEC K LAND COND
Building Details
Year built
2022
Floors in Building
1
Listing Agency:
Premiere Plus Realty Company
(239) 732-7837
Listed By:
Sam Cohen, LLC
(239) 227-3998
Added: Sep 8
Changed: Oct 10
Last Checked: Oct 24 at 5:06PM
MLS# 226032365
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2022, this single-tenant flex property at 16360 Innovation Ln in Fort Myers comprises three adjoining units within an industrial development. The interiors are fully air-conditioned and finished for a range of commercial functions, including warehouse, distribution, showroom, contractor, service, storage, and light-manufacturing use. Construction includes impact-resistant windows and doors, 160-MPH wind-rated standards, and fire suppression. The property is located outside the floodplain.
The asset is leased to one tenant and produces a 6.25% cap rate with 3% annual rent escalations. The lease includes an option to renew for an additional 3 years. The Fort Myers location is in ZIP Code 33913, within Lee County, Florida.
The asset is leased to one tenant and produces a 6.25% cap rate with 3% annual rent escalations. The lease includes an option to renew for an additional 3 years. The Fort Myers location is in ZIP Code 33913, within Lee County, Florida.
Key Highlights
- Single tenant occupies three consecutive flex units
- 8,295 SF total building area
- 6.25% current cap rate with 3% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,743
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,814,860
$1.8M
Cap Rate 7%
$1,296,329
$1.3M
Cap Rate 9%
$1,008,256
$1.0M
Market Conditions
NOI Build-Up for 8,295 SF
Gross rent
$149.3K $18.00/SF
− Vacancy
−$9.7K −$1.17/SF
EGI
$139.6K $16.83/SF
− OpEx
−$48.9K −$5.89/SF
NOI
$90.7K $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 Rate 5%
$1,814,860
Cap Rate 7%
$1,296,329
Cap Rate 9%
$1,008,256
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.13M – $1.51M
NOI $90,743 @ 7.0% cap · market cap 4.03%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,575 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,755 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
57
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three connected units provide air-conditioned space for warehouse, distribution, showroom, and light-manufacturing operations.
Where is this flex space located?
The property is located at 16360 Innovation Ln Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Single tenant occupies three consecutive flex units; 8,295 SF total building area; 6.25% current cap rate with 3% annual rent escalations
