Industrial Distribution Center with Rail
2666 PRINCE ST, Fort Myers, FL 33916
For Sale
Contact for pricing
IH-zoned distribution facility with dock-high loading and on-site rail access.
Property Size39,750 SF
Lot Size2.69 Acres
Price / SF$145.91
Days on Market98
Property Features for 2666 PRINCE ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Dock-High Doors
Rail Access
Additional Details
Fenced Yard
Building Details
Year Built
Year Renovated
Stories
Units
Building Size
Listing Agency:
Mayhugh Commercial Advisors
Listed By:
Chase Mayhugh, SIOR, CCIM · License FL BK3053987
(239) 898-9685
Source:
Crexi
Added: Aug 7
Changed: Nov 1
Last Checked: Nov 12 at 7:41AM
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 Mayhugh Commercial Advisors
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Investment Insights
Based on property information with market context.
The facility at 2666 Prince Street comprises approximately 39,750 SF on approximately 2.69 acres. Built in 1970 with a 1990 expansion, the interconnected industrial building offers warehouse space with varying clear heights and 13 dock-high overhead doors. Four loading doors are positioned along the on-site rail spur, supporting freight movement by truck and rail to the Seminole Gulf Railway.
Recent work includes a new roof scheduled for 2026, replacement dock-high doors, repaired exterior steel, exterior painting, upgraded interior lighting, new fencing, enhanced landscaping, and newly paved parking and truck court areas. The property is zoned IH (Industrial Heavy) by the City of Fort Myers and is configured for distribution, manufacturing, warehousing, storage, and fabrication operations.
Recent work includes a new roof scheduled for 2026, replacement dock-high doors, repaired exterior steel, exterior painting, upgraded interior lighting, new fencing, enhanced landscaping, and newly paved parking and truck court areas. The property is zoned IH (Industrial Heavy) by the City of Fort Myers and is configured for distribution, manufacturing, warehousing, storage, and fabrication operations.
Key Highlights
- ±39,750 SF industrial distribution facility on ±2.69 acres
- 13 dock‑high overhead doors, including 4 along the on‑site rail spur
- Rail access to the Seminole Gulf Railway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$456,522
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,130,440
$9.1M
Cap Rate 7%
$6,521,743
$6.5M
Cap Rate 9%
$5,072,467
$5.1M
Market Conditions
NOI Build-Up for 39,750 SF
Gross rent
$682.9K $17.18/SF
− Vacancy
−$30.7K −$0.77/SF
EGI
$652.2K $16.41/SF
− OpEx
−$195.7K −$4.92/SF
NOI
$456.5K $11.48/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$17.18 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,130,440
Cap Rate 7%
$6,521,743
Cap Rate 9%
$5,072,467
Alternative Uses
Best Use
Warehouse
$7.92M
$6.93M – $9.24M
NOI $554,348 @ 7.0% cap · market cap 9.56%
Second Best
Industrial
$6.52M
$5.71M – $7.61M
NOI $456,522 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$12.51M
$10.95M – $14.60M
NOI $875,772 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13
Dock-high doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
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Business Placement
Demographics for 33916, FL
25,940
Population
12,480
Households
2.1
Avg Household Size
34
Median Age
21%
College-Educated
81%
High-School Grad
10.3 sq mi
ZIP Area
2,518
Density / Sq Mi
$49,353
Median Household Income
$32,770
Median Earnings
$1,363
Median Rent
$242,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - IH-zoned distribution facility with dock-high loading and on-site rail access.
Where is this distribution center located?
The property is located at 2666 PRINCE ST Fort Myers, FL.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: ±39,750 SF industrial distribution facility on ±2.69 acres; 13 dock‑high overhead doors, including 4 along the on‑site rail spur; Rail access to the Seminole Gulf Railway
