Redevelopment Industrial Flex
204212 3rd Street Fort Myers, FL 33907
204212 3rd Street, Fort Myers, FL, 33907
$2,450,000
For Sale
$2,450,000
Redevelopment-ready industrial/commercial site on IL and C-2 zoning with interim income from month-to-month tenants.
Property Size12,979 SF
Lot Size3.86 Acres
Price / SF$188.77
Days on Market61
Property Features for 204212 3rd Street
General Information
- Standard status
- Active
- Size
- 12,979 SF
- Lot size
- 3.86 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1990
Listing Agency
(239) 770-2417
Listed by
Realnet Florida Real Estate
(239) 770-2417
Source
Xome
Added: May 21 Checked: Jul 20 at 1:47 am
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 Realnet Florida Real Estate
Investment Insights
Based on property information with market context.
Located at 204212 3rd Street in Fort Myers, this 3.86± acre industrial/commercial redevelopment site is offered for sale with IL and C-2 zoning. The property includes existing month-to-month tenants providing interim income, supporting continuity while redevelopment plans are evaluated.
The site is described as being near Page Field Airport and US-41, offering a practical location for industrial and flex-oriented uses. The current offering highlights potential for uses such as IOS, warehouse, contractor yard, flex industrial, or owner-user redevelopment.
With 12,979 square feet noted for the property size, this assemblage is positioned for buyers seeking an adaptable redevelopment platform under IL and C-2 zoning with active tenants in place.
The site is described as being near Page Field Airport and US-41, offering a practical location for industrial and flex-oriented uses. The current offering highlights potential for uses such as IOS, warehouse, contractor yard, flex industrial, or owner-user redevelopment.
With 12,979 square feet noted for the property size, this assemblage is positioned for buyers seeking an adaptable redevelopment platform under IL and C-2 zoning with active tenants in place.
Key Highlights
- 3.86± acre industrial/commercial redevelopment site
- Zoned IL and C‑2
- Near Page Field Airport and US‑41
Local Financial Insights For Flex RnD
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 | $233.6k | $18.00 |
| − Vacancy | −$15.2k | −$1.17 |
| EGI | $218.4k | $16.83 |
| − OpEx | −$76.5k | −$5.89 |
| NOI | $142.0k | $10.94 |
12,979 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.03M
$1.77M – $2.37M
NOI $141,984 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,481 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$4.09M
$3.57M – $4.77M
NOI $285,953 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Redevelopment-ready industrial/commercial site on IL and C-2 zoning with interim income from month-to-month tenants.
Where is this flex space located?
The property is located at 204212 3rd Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 3.86± acre industrial/commercial redevelopment site; Zoned IL and C‑2; Near Page Field Airport and US‑41
