Office/Warehouse Unit with 24/7
1685 Target Court, Fort Myers, FL 33905
For Sale
Contact for pricing
Newer office/warehouse with showroom, private office, and rear loading.
Property Size2,000 SF
Price / SF$0.01
Days on Market642
Property Features for 1685 Target Court
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Listing Agency:
Sara David Realty
(954) 925-7100
Listed By:
Bennett L David · License FL #0019797
(954) 336-6289
Source:
Exitrealty
Added: Feb 9, 2025
Changed: Nov 10
Last Checked: Nov 8 at 4:02AM
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 Sara David Realty
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Investment Insights
Based on property information with market context.
This newer office/warehouse building offers a 2000 square foot unit. Each bay includes a 20' x 20' office/showroom area, a private office in the front, a rear entrance, and a restroom. The unit features tall ceilings, central air in the office area, and a 12' x 12' rear garage door. The property provides 24/7 access for all bays and accommodates large truck turning and parking in the rear of the building. The intended use of the property is office and warehouse. Extra parking is available.
Key Highlights
- Newer office/warehouse building with 2000 sf available.
- Flexible space with office/showroom area, private office, and restroom.
- High ceilings and 12' x 12' rear garage door for easy loading.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,970
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,400
$459.4K
Cap Rate 7%
$328,143
$328.1K
Cap Rate 9%
$255,222
$255.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.4K $17.18/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$32.8K $16.41/SF
− OpEx
−$9.8K −$4.92/SF
NOI
$23.0K $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%
$459,400
Cap Rate 7%
$328,143
Cap Rate 9%
$255,222
Alternative Uses
Best Use
Office B
$491.0K
$429.6K – $572.8K
NOI $34,370 @ 7.0% cap
Second Best
Warehouse
$398.5K
$348.7K – $464.9K
NOI $27,892 @ 7.0% cap
Theoretical Best
Office A
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Fort Myers, FL
Properties on Market for Warehouses in Fort Myers
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Newer office/warehouse with showroom, private office, and rear loading.
Where is this warehouse located?
The property is located at 1685 Target Court Fort Myers, FL.
What are key features of this property?
This property features: Newer office/warehouse building with 2000 sf available.; Flexible space with office/showroom area, private office, and restroom.; High ceilings and 12' x 12' rear garage door for easy loading.
