Class B Warehouse with Dock
For Sale
Contact for pricing
2996 Hanson St, Fort Myers, FL 33916
Heavy industrial zoning, secured access, and loading infrastructure support warehouse and distribution operations.
Property Size130,143 SF
Lot Size13.30 Acres
Price / SF$176.73
Days on Market534
Property Features for 2996 Hanson St
General Information
Standard status
Active
Size
130,143 SF
Class
Class B
Total Parking Spaces
180
Lot size
13.30 Acres
Property subtype
INDUSTRIAL
Zoning
IH
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
8
Drive-In Doors
4
Sprinkler System
Yes
Building Details
Year Built
2001
Buildings
1
Stories
1
Building Size
130,143 SF
Construction
Metal and CBS
Listing Agency:
Lee & Associates | Fort Myers
(239) 210-7600
Listed By:
Robert Johnston
(239) 272-1215
Source:
Moodyscre
Added: Mar 31, 2025
Changed: Sep 11
Last Checked: Sep 14 at 12:18PM
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 Lee & Associates | Fort Myers
Investment Insights
Based on property information with market context.
This 130,143-square-foot warehouse facility occupies 13.30 acres within the IH Heavy Industrial zoning district. The property includes main, service, and storage buildings constructed in 2001, with 24-foot clear height, four overhead doors, and eight dock-high doors. A sprinkler system, perimeter fencing, and gated access are also provided. Construction combines metal and CBS materials, and the site includes parking for 180 vehicles.
The property is positioned at the southeast corner of Hanson Street and Old Metro Parkway in Lee County, Florida, approximately 4 miles from I-75 and situated at a lighted intersection. Its loading configuration and access to major transportation routes support industrial, warehousing, and distribution uses. The facility is classified as Class B industrial space and has a documented history of industrial activity, including prior ownership by Suncoast Beverage Sales.
The property is positioned at the southeast corner of Hanson Street and Old Metro Parkway in Lee County, Florida, approximately 4 miles from I-75 and situated at a lighted intersection. Its loading configuration and access to major transportation routes support industrial, warehousing, and distribution uses. The facility is classified as Class B industrial space and has a documented history of industrial activity, including prior ownership by Suncoast Beverage Sales.
Key Highlights
- 130,143‑square‑foot warehouse facility on 13.30 acres
- IH Heavy Industrial zoning district
- 24‑foot clear height with four overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,326,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$26,538,560
$26.5M
Cap Rate 7%
$18,956,114
$19.0M
Cap Rate 9%
$14,743,644
$14.7M
Market Conditions
NOI Build-Up for 130,143 SF
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.
Gross rent
$1.64M $12.60/SF
− Vacancy
−$78.7K −$0.60/SF
EGI
$1.56M $12.00/SF
− OpEx
−$234.2K −$1.80/SF
NOI
$1.33M $10.20/SF
Area
Lee County, FL
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$26,538,560
Cap Rate 7%
$18,956,114
Cap Rate 9%
$14,743,644
Alternative Uses
Best Use
Warehouse
$18.96M
$16.59M – $22.12M
NOI $1,326,928 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$16.97M
$14.85M – $19.80M
NOI $1,188,036 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$40.96M
$35.84M – $47.79M
NOI $2,867,311 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
8
Dock-high doors
4
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
719
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
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Heavy industrial zoning, secured access, and loading infrastructure support warehouse and distribution operations.
Where is this warehouse located?
The property is located at 2996 Hanson St Fort Myers, FL.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: 130,143‑square‑foot warehouse facility on 13.30 acres; IH Heavy Industrial zoning district; 24‑foot clear height with four overhead doors
