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    272 Beth Stacey Blvd, Lehigh Acres, FL 33936

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    Indoor flea market with leasing opportunities, also for sale.

    Type:Industrial, Mixed Use
    Property size:
    7,245 SF
    Price / SF:
    $165/SF
    Added:
    Jul 8, 2019
    Days on Market:
    2558
    Last Refresh:
    Jul 2 at 11:57 am

    Property Features for 272 Beth Stacey Blvd

    General Information

    Standard status
    Active
    Size
    7,245 SF
    Property subtype
    Industrial, Mixed Use

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    Theresa Blauch-Mitchell, CCIM
    Theresa Blauch-Mitchell, CCIM

    Listing office Sperry Commercial Global Affiliates Fort Myers

    Listing date Jul 8, 2019

    Source Crexi

    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 Sperry Commercial Global Affiliates Fort Myers

    HighLights

    • Property is available for sale.
    • Currently operating as an indoor flea market.
    • Flea market spots available for lease.
    • Landlord will consider leasing to a single tenant.
    • Habla Espanol (Spanish spoken).
    • Call Theresa for details.

    Overview

    The property is currently operating as an indoor flea market. There are flea market spots available for lease. The landlord will consider leasing to a single tenant. The property is also available for sale. The property size is 7245 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $140.0k $19.32
    − Vacancy −$4.2k −$0.58
    EGI $135.8k $18.74
    − OpEx −$40.7k −$5.62
    NOI $95.0k $13.12
    7,245 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.36M
    $1.19M – $1.58M (±1% cap)
    NOI $95,042 @ 7.0% cap · market cap 7.92%
    Second Best
    Mixed Use
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,385 @ 7.0% cap · market cap 7.45%
    Theoretical Best
    Office A
    $2.28M
    $2.00M – $2.66M (±1% cap)
    NOI $159,622 @ 7.0% cap · market cap 13.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Big Box & Wholesale Store Building Supply Parking Lot & Garage Kitchen & Bath Showroom Electrical Service Gym & Fitness Center Law Firm Garden Center Storage Facility Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.6534501
    Latitude
    26.6086338

    FAQs

    What type of property is this?
    Mixed-use property - Indoor flea market with leasing opportunities, also for sale.
    Where is this mixed-use property located?
    The property is located at 272 Beth Stacey Blvd Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Property is available for sale.; Currently operating as an indoor flea market.; Flea market spots available for lease.
    More about this property
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