Industrial Building with Multiple
For Sale
$1,200,000
2111 Fowler St, Fort Myers, FL 33901
Functional 5,415 SF industrial building with three Fowler Street access points, roll-up doors, office storage side room, and secured courtyard.
Property Size5,415 SF
Lot Size1.72 Acres
Price / SF$221.61
Days on Market124
Property Features for 2111 Fowler St
General Information
Standard status
Active
Size
5,415 SF
Lot size
1.72 Acres
Property subtype
Retail
Zoning
Commercial Intensive
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
12 ft
Building Details
Building Size
5,415 SF
Year Built
1955
Listing Agency:
SVN | Commercial Partners
Listed By:
John Albion · License #BK433500
(239) 410-2234
Source:
Svn
Added: May 14
Changed: Sep 6
Last Checked: Sep 14 at 6:39AM
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 building offers a functional interior layout with forklift-capable use, 12-foot ceilings, and a steel bar-joist roof construction. There are two roll-up doors, including one facing Fowler Street and a larger door on the Alicia side, plus two bathrooms. The property also includes a 20-foot by 12.5-foot side room suitable for office, storage, or workspace, along with an enclosed concrete courtyard of approximately 48 by 31 feet for secure outdoor work or storage.
The building features three access points along Fowler Street, designed to support circulation and visibility from the Fowler Street corridor. In addition, there are gated side yards on both sides of the building, each with its own garage door.
The overall configuration supports an owner-user or service-oriented industrial operation, with enclosed outdoor space, multiple controlled entries, and dedicated areas that can support office and storage needs within the building footprint.
The building features three access points along Fowler Street, designed to support circulation and visibility from the Fowler Street corridor. In addition, there are gated side yards on both sides of the building, each with its own garage door.
The overall configuration supports an owner-user or service-oriented industrial operation, with enclosed outdoor space, multiple controlled entries, and dedicated areas that can support office and storage needs within the building footprint.
Key Highlights
- 5,415 SF industrial building built in 1955 with functional interior layout
- Three access points on Fowler Street for circulation and visibility
- Two roll‑up doors: one facing Fowler and a larger door on the Alicia side
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
$55,211
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
4.60%
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%
$1,104,220
$1.1M
Cap Rate 7%
$788,729
$788.7K
Cap Rate 9%
$613,456
$613.5K
Market Conditions
NOI Build-Up for 5,415 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
$68.2K $12.60/SF
− Vacancy
−$3.3K −$0.60/SF
EGI
$65.0K $12.00/SF
− OpEx
−$9.7K −$1.80/SF
NOI
$55.2K $10.20/SF
Area
Lee County, FL
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,104,220
Cap Rate 7%
$788,729
Cap Rate 9%
$613,456
Alternative Uses
Best Use
Warehouse
$788.7K
$690.1K – $920.2K
NOI $55,211 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,303 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,192
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Alico Self Storage — 2996 Lafayette St, Fort Myers, FL 33916
- Highway 31 Storage LLC — Foxworthy professional building, 1601 Jackson St, Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Warehouse - Functional 5,415 SF industrial building with three Fowler Street access points, roll-up doors, office storage side room, and secured courtyard.
Where is this warehouse located?
The property is located at 2111 Fowler St Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,415 SF industrial building built in 1955 with functional interior layout; Three access points on Fowler Street for circulation and visibility; Two roll‑up doors: one facing Fowler and a larger door on the Alicia side
