Industrial Warehouse with Fenced
2954 Van Buren Street, Fort Myers, FL 33916
For Sale
New
$2,750,000
CommercialSale, Fort Myers, FL
Property Size10,200 SF
Lot Size0.28 Acres
Price / SF$269.61
Days on Market3
Property Features for 2954 Van Buren Street
General Information
Property type
Property subtype
Property condition
Zoning description
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 689-7653
Listed By:
Donald DeLuca · License FL #271511557
(239) 322-6583
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 5:06PM
MLS# 2026047204
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10,200-square-foot industrial warehouse is under construction and includes office space, two roll-up doors, fire sprinklers, and a fenced outdoor storage area. A private fenced entrance provides controlled access to the property, which sits on a 0.2763-acre lot.
The property is zoned Industrial Heavy. It is fully leased through 2031 under an NNN lease, with 4% annual contractual rent escalators and a 6.17% cap rate.
The property is zoned Industrial Heavy. It is fully leased through 2031 under an NNN lease, with 4% annual contractual rent escalators and a 6.17% cap rate.
Key Highlights
- 10,200‑square‑foot industrial warehouse on a 0.2763‑acre lot
- Under construction; year built listed as 2025
- Fenced outdoor storage area and private fenced entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,248
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,844,960
$2.8M
Cap Rate 7%
$2,032,114
$2.0M
Cap Rate 9%
$1,580,533
$1.6M
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$175.2K $17.18/SF
− Vacancy
−$7.9K −$0.77/SF
EGI
$167.4K $16.41/SF
− OpEx
−$25.1K −$2.46/SF
NOI
$142.2K $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%
$2,844,960
Cap Rate 7%
$2,032,114
Cap Rate 9%
$1,580,533
Alternative Uses
Best Use
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,248 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,726 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
$242,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Fort Myers, FL
Properties on Market for Warehouses in Fort Myers
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Office space, two roll-up doors, and a secured entrance support warehouse operations.
Where is this warehouse located?
The property is located at 2954 Van Buren Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 10,200‑square‑foot industrial warehouse on a 0.2763‑acre lot; Under construction; year built listed as 2025; Fenced outdoor storage area and private fenced entrance
