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Fort Myers Warehouse with Office

1941 Custom Drive Fort Myers, FL 33907

1941 Custom Drive, Fort Myers, FL, 33907
$949,000
For Sale
Claim this Listing
$949,000

Warehouse with office space and recent upgrades for sale.

Property Size4,000 SF
Lot Size0.32 Acres
Price / SF$237.25
AddedFeb 13, 2025
Days on Market517
Last RefreshMay 19 at 9:02 pm

Property Features for 1941 Custom Drive

General Information

Standard status
Active
Size
4,000 SF
Lot size
0.32 Acres
Property subtype
Commercial/Industrial

Building Details

Year Built
1974

Listing office Century 21 Selling Paradise

Listing date Feb 13, 2025

Source Exitrealty

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 Century 21 Selling Paradise


Investment Insights

Based on property information with market context.

Located just off US 41, this property is zoned C1 and situated on a 0.317-acre lot. The building features a warehouse area of 3404 square feet and an updated 596 square feet of air-conditioned office space, including a waiting area, kitchenette, and half bath. The warehouse also includes a half bath. There is a framed-out area that could be finished into another room or office, offering customization options. Recent upgrades include a new epoxy floor coating completed in March 2025 in the warehouse area, a new roof, new blacktop in the parking area, and two new 12-foot bay doors scheduled for installation in February 2024. A new covered 30x40 carport has been added, and the property is fenced. The building has new paint with 4-foot wainscoting around three sides, updated 3-phase electrical, and newly installed LED lighting fixtures in the warehouse area and around the outside of the building. The layout provides ample storage space and many possibilities for customization to suit specific needs. Owner will consider seller financing with at least 20% down.

Key Highlights

  • Excellent location just off US 41 with C1 zoning
  • Substantial 3404 Sq.Ft. warehouse space features new epoxy floor coating and LED lighting
  • Recent upgrades include a new roof, new blacktop in the parking area, new paint, and updated 3‑phase electrical system

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $99.8k $24.96
− Vacancy −$8.2k −$2.05
EGI $91.7k $22.91
− OpEx −$22.9k −$5.73
NOI $68.7k $17.18
4,000 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$982.0K
$859.3K – $1.15M (±1% cap)
NOI $68,740 @ 7.0% cap · market cap 7.24%
Second Best
Warehouse
$582.6K
$509.8K – $679.7K (±1% cap)
NOI $40,784 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M (±1% cap)
NOI $88,128 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Americut Coring & Sawing ... Construction Company

Suggested Use

Parking Lot & Garage Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pharmacy Veterinary Clinic Barber Shop Catering Service Garden Center HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Vital Records Control — 11901 Amedicus Ln, Fort Myers, FL 33907
  • Self-Storage at U-Haul — 11401 S Cleveland Ave, Fort Myers, FL 33907
  • Warehouse City — 2024 Beacon Manor Dr, Fort Myers, FL 33907
  • swfl warehouse — 2024 Beacon Manor Dr, Fort Myers, FL 33907
  • Public Storage — 11800 S Cleveland Ave, Fort Myers, FL 33907

FAQs

What type of property is this?
Warehouse - Warehouse with office space and recent upgrades for sale.
Where is this warehouse located?
The property is located at 1941 Custom Drive Fort Myers, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Excellent location just off US 41 with C1 zoning; Substantial 3404 Sq.Ft. warehouse space features new epoxy floor coating and LED lighting; Recent upgrades include a new roof, new blacktop in the parking area, new paint, and updated 3‑phase electrical system
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