Flex Building with
For Sale
$899,000
2119 Fowler St, Fort Myers, FL 33901
Adaptable commercial building combines office, showroom, and warehouse areas with direct Fowler Street frontage.
Property Size4,850 SF
Price / SF$185.36
Days on Market74
Property Features for 2119 Fowler St
General Information
Standard status
Active
Size
4,850 SF
Warehouse & Industrial
Clear Height
9 ft
Warehouse Space
750 SF
Office Build-Out
2,500 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1949
Buildings
1
Building Size
4,850 SF
Construction
CBS
Listing Agency:
Phil Deems Real Estate
Listed By:
Phil Deems · License #252010067
(239) 822-1101
Source:
Swfloridarealestate
Added: Aug 2
Changed: Oct 5
Last Checked: Oct 7 at 1:18PM
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
Investment Insights
Based on property information with market context.
This 4,850-square-foot CBS flex building, constructed in 1949, combines office, showroom, and warehouse components. Approximately 2,500 square feet is under air, including an entryway, lobby, showroom, three offices, a conference room, and a kitchen. The warehouse area includes approximately 750 square feet within the conditioned portion, while the balance provides two workstation areas and a storage room.
The building offers 9-foot ceilings, one 10-by-8-foot overhead door, and frontage along Fowler Street. Its mix of conditioned commercial space and warehouse functionality supports a range of business operations within a single facility.
The building offers 9-foot ceilings, one 10-by-8-foot overhead door, and frontage along Fowler Street. Its mix of conditioned commercial space and warehouse functionality supports a range of business operations within a single facility.
Key Highlights
- 4,850‑square‑foot CBS flex building constructed in 1949
- Approximately 2,500 square feet under air
- Office, showroom, lobby, conference room, kitchen, and three offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,057
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,140
$1.1M
Cap Rate 7%
$757,957
$758.0K
Cap Rate 9%
$589,522
$589.5K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$87.3K $18.00/SF
− Vacancy
−$5.7K −$1.17/SF
EGI
$81.6K $16.83/SF
− OpEx
−$28.6K −$5.89/SF
NOI
$53.1K $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%
$1,061,140
Cap Rate 7%
$757,957
Cap Rate 9%
$589,522
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,347 @ 7.0% cap · market cap 9.27%
Second Best
Flex RnD
$758.0K
$663.2K – $884.3K
NOI $53,057 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,855 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
9 ft
Clear height
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building combines office, showroom, and warehouse areas with direct Fowler Street frontage.
Where is this flex space located?
The property is located at 2119 Fowler St Fort Myers, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,850‑square‑foot CBS flex building constructed in 1949; Approximately 2,500 square feet under air; Office, showroom, lobby, conference room, kitchen, and three offices
