Fenced Industrial
New
For Sale
$2,400,000
2330 Bruner Ln, Fort Myers, FL 33912
C-2 commercial zoning and a secured, fenced site support the property's warehouse configuration.
Property Size9,900 SF
Lot Size1.10 Acres
Price / SF$242.42
Days on Market7
Property Features for 2330 Bruner Ln
General Information
Standard status
Active
Size
9,900 SF
Lot size
1.10 Acres
Property subtype
Industrial
Zoning
C-2
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
9,900 SF
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Building Details
Building Size
9,900 SF
Year Built
1979
Listing Agency:
Lee & Associates | Fort Myers
(239) 580-8291
Listed By:
Zachary Tillery
(239) 580-8291
Source:
Lee-associates
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 11:36AM
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 Lee & Associates | Fort Myers
Investment Insights
Based on property information with market context.
Located at 2330 Bruner Ln in Fort Myers, this warehouse property contains 9,900 square feet within a 1.10±-acre secured, fenced site. The building includes one dock-high loading door and two grade-level doors, providing multiple loading options for industrial operations. A 14-foot clear height supports warehouse use, while the C-2 commercial zoning defines the site's land-use designation. Constructed in 1979, the facility offers an established industrial building and enclosed outdoor area in a single-property configuration.
Key Highlights
- 9,900 SF warehouse building
- 1.10± secure fenced acres
- One (1) dock‑high door
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
$100,940
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
4.21%
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%
$2,018,800
$2.0M
Cap Rate 7%
$1,442,000
$1.4M
Cap Rate 9%
$1,121,556
$1.1M
Market Conditions
NOI Build-Up for 9,900 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
$124.7K $12.60/SF
− Vacancy
−$6.0K −$0.60/SF
EGI
$118.8K $12.00/SF
− OpEx
−$17.8K −$1.80/SF
NOI
$100.9K $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%
$2,018,800
Cap Rate 7%
$1,442,000
Cap Rate 9%
$1,121,556
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,940 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,117 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33912, FL
19,146
Population
12,078
Households
1.6
Avg Household Size
61
Median Age
48%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
903
Density / Sq Mi
$101,043
Median Household Income
$54,143
Median Earnings
$1,653
Median Rent
$367,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - C-2 commercial zoning and a secured, fenced site support the property's warehouse configuration.
Where is this warehouse located?
The property is located at 2330 Bruner Ln Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 9,900 SF warehouse building; 1.10± secure fenced acres; One (1) dock‑high door
