Concrete Block Warehouse with
For Sale
$995,000
1931 Custom Dr, Fort Myers, FL 33907
Maintained industrial building with a private office, restroom, outdoor storage, and overhead loading doors.
Property Size3,600 SF
Price / SF$276.39
Days on Market85
Property Features for 1931 Custom Dr
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
1985
Building Size
3,600 SF
Construction
concrete block
Listing Agency:
Phil Deems Real Estate
Listed By:
Phil Deems · License #252010067
(239) 822-1101
Source:
Naplespropertyguide
Added: Jul 23
Changed: Oct 1
Last Checked: Oct 14 at 11:26PM
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 Phil Deems Real Estate
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Investment Insights
Based on property information with market context.
This 3,600-square-foot concrete block warehouse was built in 1985 and is configured for a single user. The interior includes a private office and restroom, with no partitions or dividing walls. Two 12' X 14' overhead doors support access through the building, while the site also provides outside storage, fencing, gates, asphalt paving, and stone surfaces.
The property is positioned within an industrial park across from Page Field airport, along the US-41 and Tamiami Trail corridor in Fort Myers. Recent property improvements include fresh paint, new fencing and gates, and new asphalt paving. The layout and physical features provide a straightforward setting for warehouse and industrial operations.
The property is positioned within an industrial park across from Page Field airport, along the US-41 and Tamiami Trail corridor in Fort Myers. Recent property improvements include fresh paint, new fencing and gates, and new asphalt paving. The layout and physical features provide a straightforward setting for warehouse and industrial operations.
Key Highlights
- 3,600‑square‑foot concrete block warehouse built in 1985
- Two 12' X 14' overhead doors
- Drive‑through capability with outside storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,382
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,640
$787.6K
Cap Rate 7%
$562,600
$562.6K
Cap Rate 9%
$437,578
$437.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$4.2K −$1.17/SF
EGI
$60.6K $16.83/SF
− OpEx
−$21.2K −$5.89/SF
NOI
$39.4K $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%
$787,640
Cap Rate 7%
$562,600
Cap Rate 9%
$437,578
Alternative Uses
Best Use
Flex RnD
$562.6K
$492.3K – $656.4K
NOI $39,382 @ 7.0% cap · market cap 3.96%
Second Best
Warehouse
$524.4K
$458.8K – $611.8K
NOI $36,705 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.13M
$991.4K – $1.32M
NOI $79,315 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33907, FL
24,980
Population
14,125
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
89%
High-School Grad
7.3 sq mi
ZIP Area
3,422
Density / Sq Mi
$49,826
Median Household Income
$33,442
Median Earnings
$1,502
Median Rent
$236,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Self-Storage at U-Haul — 11401 S Cleveland Ave, Fort Myers, FL 33907
Frequently Asked Questions
What type of property is this?
Warehouse - Maintained industrial building with a private office, restroom, outdoor storage, and overhead loading doors.
Where is this warehouse located?
The property is located at 1931 Custom Dr Fort Myers, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,600‑square‑foot concrete block warehouse built in 1985; Two 12' X 14' overhead doors; Drive‑through capability with outside storage
