Vacant Industrial
For Sale
Contact for pricing
24349 Production Circle, Bonita Springs, FL 34135
Existing vacant structure with IL zoning offers an industrial commercial property in Bonita Springs.
Property Size14,000 SF
Price / SF$150
Days on Market60
Property Features for 24349 Production Circle
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Industrial
Zoning
IL
Investment Type
Value Add
Building Details
Year Built
1981
Year Renovated
2004
Buildings
1
Listing Agency:
Matthews
Listed By:
Michael Buonadonna · License #SL3531894
Source:
Crexi
Added: Aug 20
Changed: Oct 16
Last Checked: Oct 16 at 8:31AM
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 Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant industrial property comprises a 14,000-square-foot building constructed in 1981. The asset is classified within the industrial property category and carries IL zoning, providing a defined industrial land-use designation for evaluation by prospective purchasers.
The building is located at 24349 Production Circle in Bonita Springs, Florida 34135. Its established construction date and existing industrial format distinguish the property from undeveloped land and provide a physical base for future planning, subject to applicable zoning and regulatory requirements.
The building is located at 24349 Production Circle in Bonita Springs, Florida 34135. Its established construction date and existing industrial format distinguish the property from undeveloped land and provide a physical base for future planning, subject to applicable zoning and regulatory requirements.
Key Highlights
- 14,000‑square‑foot industrial building
- IL zoning designation
- Constructed in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,802
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,556,040
$2.6M
Cap Rate 7%
$1,825,743
$1.8M
Cap Rate 9%
$1,420,022
$1.4M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$193.2K $13.80/SF
− Vacancy
−$10.6K −$0.76/SF
EGI
$182.6K $13.04/SF
− OpEx
−$54.8K −$3.91/SF
NOI
$127.8K $9.13/SF
Area
Lee County, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,556,040
Cap Rate 7%
$1,825,743
Cap Rate 9%
$1,420,022
Alternative Uses
Best Use
Industrial
$1.83M
$1.60M – $2.13M
NOI $127,802 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,448 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 34135, FL
45,518
Population
30,904
Households
1.5
Avg Household Size
60
Median Age
39%
College-Educated
88%
High-School Grad
61.8 sq mi
ZIP Area
737
Density / Sq Mi
$86,731
Median Household Income
$37,952
Median Earnings
$1,790
Median Rent
$419,200
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
Frequently Asked Questions
What type of property is this?
Industrial property - Existing vacant structure with IL zoning offers an industrial commercial property in Bonita Springs.
Where is this industrial property located?
The property is located at 24349 Production Circle Bonita Springs, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 14,000‑square‑foot industrial building; IL zoning designation; Constructed in 1981
