Industrial Condominium Flex
For Sale
$375,000
17030 Alico Commerce Court #303, Fort Myers, FL 33967
A secured, 24/7-access industrial flex unit with dedicated AC office space and a warehouse area.
Property Size1,250 SF
Price / SF$300
Days on Market52
Property Features for 17030 Alico Commerce Court #303
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Industrial
Building Details
Building Size
1,250 SF
Listing Agency:
SVN Commercial Partners
(239) 250-2240
Listed By:
Corrie Gates · License #FL #BK3073582
Source:
Svn
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 13 at 3:47AM
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 flex suite includes approximately 1,250 square feet, with 1,000 square feet of air-conditioned office space and 250 square feet of air-conditioned warehouse space. The unit is described as being well maintained and equipped with bright LED lighting. Building features include 24/7 access and surveillance, and the property is part of an owners’ association with low HOA fees and a fully funded reserve account.
The Alico Enterprise Center is centrally located directly off Alico Road and CAM Court, with convenient access to major transportation routes. The remarks also note ample parking for employees and visitors, which can support day-to-day operations and customer visits.
The configuration is a practical fit for users who want an on-site office component paired with a small, conditioned warehouse workspace. It may also appeal to buyers looking for either immediate owner occupancy or an investment property, supported by the condominium structure and the stated secure, well-lit access features.
The Alico Enterprise Center is centrally located directly off Alico Road and CAM Court, with convenient access to major transportation routes. The remarks also note ample parking for employees and visitors, which can support day-to-day operations and customer visits.
The configuration is a practical fit for users who want an on-site office component paired with a small, conditioned warehouse workspace. It may also appeal to buyers looking for either immediate owner occupancy or an investment property, supported by the condominium structure and the stated secure, well-lit access features.
Key Highlights
- Industrial condominium with approximately 1,250 SF total: 1,000 SF AC office/flex and 250 SF AC warehouse
- Secured premises with 24/7 access and surveillance
- Located directly off Alico Road & CAM Court in the Alico Enterprise Center (Fort Myers)
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
$21,481
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
5.73%
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%
$429,620
$429.6K
Cap Rate 7%
$306,871
$306.9K
Cap Rate 9%
$238,678
$238.7K
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
$31.2K $24.96/SF
− Vacancy
−$2.6K −$2.05/SF
EGI
$28.6K $22.91/SF
− OpEx
−$7.2K −$5.73/SF
NOI
$21.5K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$429,620
Cap Rate 7%
$306,871
Cap Rate 9%
$238,678
Alternative Uses
Best Use
Office B
$306.9K
$268.5K – $358.0K
NOI $21,481 @ 7.0% cap · market cap 5.73%
Second Best
Flex RnD
$195.3K
$170.9K – $227.9K
NOI $13,674 @ 7.0% cap · market cap 3.65%
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A secured, 24/7-access industrial flex unit with dedicated AC office space and a warehouse area.
Where is this flex space located?
The property is located at 17030 Alico Commerce Court #303 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: Industrial condominium with approximately 1,250 SF total: 1,000 SF AC office/flex and 250 SF AC warehouse; Secured premises with 24/7 access and surveillance; Located directly off Alico Road & CAM Court in the Alico Enterprise Center (Fort Myers)
