Three-Building Flex
2559-2575 Fowler St, Fort Myers, FL 33901
For Sale
Contact for pricing
Renovated flex space is fully leased to three automotive tenants under NNN agreements.
Property Size24,910 SF
Lot Size2.30 Acres
Price / SF$248.90
Days on Market39
Property Features for 2559-2575 Fowler St
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
WMD Asset Management
Listed By:
Kyle Wade
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 3:50PM
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 WMD Asset Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a renovated flex park comprising three buildings and 24,910 square feet on 2.3 acres. All space is leased to three separate automotive tenants under NNN leases. Contractual rent escalations range from 3% to 4%, and the weighted average lease term is 5.1 years.
The property is located at 2559-2575 Fowler St in Fort Myers, Florida. Gross yard and parking rent contributes $44,400 annually to the in-place NOI of $452,618.
The property is located at 2559-2575 Fowler St in Fort Myers, Florida. Gross yard and parking rent contributes $44,400 annually to the in-place NOI of $452,618.
Key Highlights
- Three‑building flex park totaling 24,910 SF on 2.3 acres
- 100% leased to three separate automotive tenants
- NNN leases with contractual escalations of 3‑4%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$347,391
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,947,820
$6.9M
Cap Rate 7%
$4,962,729
$5.0M
Cap Rate 9%
$3,859,900
$3.9M
Market Conditions
NOI Build-Up for 24,910 SF
Gross rent
$428.0K $17.18/SF
− Vacancy
−$19.3K −$0.77/SF
EGI
$408.7K $16.41/SF
− OpEx
−$61.3K −$2.46/SF
NOI
$347.4K $13.95/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$17.18 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,947,820
Cap Rate 7%
$4,962,729
Cap Rate 9%
$3,859,900
Alternative Uses
Best Use
Warehouse
$4.96M
$4.34M – $5.79M
NOI $347,391 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$4.09M
$3.58M – $4.77M
NOI $286,087 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$7.84M
$6.86M – $9.15M
NOI $548,817 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,059
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
$280,400
Median Home Value
Market
Average Price Trend$/SF for Flex space in Fort Myers, FL
Properties on Market for Flex space in Fort Myers
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Best of the Best Distributors — 2737 Lafayette St, Fort Myers, FL 33916
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space is fully leased to three automotive tenants under NNN agreements.
Where is this flex space located?
The property is located at 2559-2575 Fowler St Fort Myers, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Three‑building flex park totaling 24,910 SF on 2.3 acres; 100% leased to three separate automotive tenants; NNN leases with contractual escalations of 3‑4%
