Industrial Condominium with Office
For Sale
$375,000
17030 Alico Commerce Court #313, Fort Myers, FL 33967
Industrial condominium with office space available for immediate occupancy.
Property Size1,250 SF
Price / SF$300
Days on Market160
Property Features for 17030 Alico Commerce Court #313
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Industrial
Listing Agency:
SVN Commercial Partners
(239) 250-2240
Listed By:
Corrie Gates · License #FL #BK3073582
Source:
Svncp
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 12 at 5:04AM
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 SVN Commercial Partners
Investment Insights
Based on property information with market context.
This industrial condominium, located directly off Alico Road & CAM Court in Alico Enterprise Center, is available for immediate owner occupancy or investment. The unit features low HOA fees, bright LED lighting at night, 24/7 access, and surveillance. The property is approximately 1250 square feet, consisting of 250 square feet of air-conditioned office space and 1000 square feet of warehouse space (25' wide X 50' deep). The ceilings are 20 feet high, and the bay door is 10 X 16. The building features tilt wall construction. The unit next to this unit is also available for sale to make this a 2500 square foot unit in total. The property is currently vacant and can easily be rented at market rent.
Key Highlights
- Centrally located directly off Alico Road & CAM Court.
- Approx. 1250 sq ft with 250 sq ft of AC office space and 1000 sq ft of warehouse space.
- Immediate owner occupancy or investment opportunity.**
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
$13,674
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
3.65%
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%
$273,480
$273.5K
Cap Rate 7%
$195,343
$195.3K
Cap Rate 9%
$151,933
$151.9K
Market Conditions
NOI Build-Up for 1,250 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
$22.5K $18.00/SF
− Vacancy
−$1.5K −$1.17/SF
EGI
$21.0K $16.83/SF
− OpEx
−$7.4K −$5.89/SF
NOI
$13.7K $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 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%
$273,480
Cap Rate 7%
$195,343
Cap Rate 9%
$151,933
Alternative Uses
Best Use
Flex RnD
$195.3K
$170.9K – $227.9K
NOI $13,674 @ 7.0% cap · market cap 3.65%
Second Best
Warehouse
$182.1K
$159.3K – $212.4K
NOI $12,745 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33967, FL
28,174
Population
11,685
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,707
Density / Sq Mi
$84,787
Median Household Income
$48,792
Median Earnings
$1,695
Median Rent
$321,800
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium with office space available for immediate occupancy.
Where is this flex space located?
The property is located at 17030 Alico Commerce Court #313 Fort Myers, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Centrally located directly off Alico Road & CAM Court.; Approx. 1250 sq ft with **250 sq ft of AC office space and 1000 sq ft of warehouse space.**; Immediate owner occupancy or investment opportunity.**
