Industrial Warehouse with Street
For Sale
$4,800,000
3040 Fowler St, Fort Myers, FL 33901
Vacant industrial facility with three-phase power, flexible reuse potential, and direct access along Fowler Street.
Property Size25,000 SF
Lot Size1.95 Acres
Price / SF$188.32
Days on Market28
Property Features for 3040 Fowler St
General Information
Standard status
Active
Size
25,000 SF
Lot size
1.95 Acres
Warehouse & Industrial
Warehouse Space
25,000 SF
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Building Size
25,000 SF
Listing Agency:
APEX Capital Realty LLC
Listed By:
Alexander Reyes · License #3497422
(786) 755-1105
Source:
Chenoregroup
Added: Aug 11
Changed: Sep 3
Last Checked: Sep 6 at 12:41PM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This vacant industrial warehouse contains approximately 25,000 square feet on an approximately 1.95-acre site. The property includes three-phase power, direct Fowler Street frontage, and low site coverage, providing a substantial industrial footprint with room for operational flexibility. The building can support continued warehouse use, showroom expansion, adaptive reuse, or potential redevelopment into a higher-density mixed-use project.
Located at 3040 Fowler Street in Fort Myers, the property sits just south of the Midtown District. It will be vacant at closing, allowing an owner-user or investor to evaluate the existing improvements and future use strategy without an existing occupancy commitment.
Located at 3040 Fowler Street in Fort Myers, the property sits just south of the Midtown District. It will be vacant at closing, allowing an owner-user or investor to evaluate the existing improvements and future use strategy without an existing occupancy commitment.
Key Highlights
- Approximately 25,000 SF industrial warehouse
- Approximately 1.95‑acre site with low site coverage
- Direct Fowler Street frontage in Fort Myers
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
$259,884
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
5.41%
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%
$5,197,680
$5.2M
Cap Rate 7%
$3,712,629
$3.7M
Cap Rate 9%
$2,887,600
$2.9M
Market Conditions
NOI Build-Up for 25,489 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
$321.2K $12.60/SF
− Vacancy
−$15.4K −$0.60/SF
EGI
$305.7K $12.00/SF
− OpEx
−$45.9K −$1.80/SF
NOI
$259.9K $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%
$5,197,680
Cap Rate 7%
$3,712,629
Cap Rate 9%
$2,887,600
Alternative Uses
Best Use
Warehouse
$3.71M
$3.25M – $4.33M
NOI $259,884 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.02M
$7.02M – $9.36M
NOI $561,574 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Well-served
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial facility with three-phase power, flexible reuse potential, and direct access along Fowler Street.
Where is this warehouse located?
The property is located at 3040 Fowler St Fort Myers, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Approximately 25,000 SF industrial warehouse; Approximately 1.95‑acre site with low site coverage; Direct Fowler Street frontage in Fort Myers
