Versatile Commercial Building with Shooting
For Sale
$2,995,000
3310 Hanson St, Fort Myers, FL 33916
7,056 SF building with shooting range and automotive repair.
Property Size7,056 SF
Lot Size1.70 Acres
Price / SF$424.46
Days on Market165
Property Features for 3310 Hanson St
General Information
Standard status
Active
Size
7,056 SF
Lot size
1.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,446
Building Details
Building Size
7,056 SF
Year Built
1982
Stories
1
Listing Agency:
Phil Deems Real Estate
(239) 994-4540
Listed By:
Phil Deems · License #312608
(239) 994-4540
Source:
Elliman
Added: Mar 12
Changed: Aug 9
Last Checked: Aug 22 at 10:29AM
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 Phil Deems Real Estate
Investment Insights
Based on property information with market context.
This 7,056 square foot CBS construction building, built in 1982, was originally designed as a duplex and is currently divided into 4 units. The front portion of the building is configured as a firearms and security guard training center, retail shop, and shooting range, and includes 2 private offices, a staging area, and 3 restrooms. The rear section accommodates an automotive repair business (20'X60') and mostly warehouse space, featuring one overhead door, a service bay, and 1 restroom. The walls could be removed to create one open space. Situated on 1.7 acres of land with a concrete parking lot and fenced yard, the property benefits from frontage on Hanson Street. Its location provides access to Metro, Fowler, and US 41 to the west, and is minutes from Interstate 75 to the east. This property is located within the city limits of Fort Myers and is suitable for industrial and retail uses.
Key Highlights
- 7,056 sq ft CBS building on 1.7 acres within Fort Myers city limits.
- Convenient location with frontage on Hanson Street and easy access to Metro, Fowler, US 41, and I‑75.
- Currently divided into 4 units, offering flexible use options.
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
$92,563
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
3.09%
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%
$1,851,260
$1.9M
Cap Rate 7%
$1,322,329
$1.3M
Cap Rate 9%
$1,028,478
$1.0M
Market Conditions
NOI Build-Up for 7,056 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
$136.3K $19.32/SF
− Vacancy
−$4.1K −$0.58/SF
EGI
$132.2K $18.74/SF
− OpEx
−$39.7K −$5.62/SF
NOI
$92.6K $13.12/SF
Area
Lee County, FL
Vacancy
3.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
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%
$1,851,260
Cap Rate 7%
$1,322,329
Cap Rate 9%
$1,028,478
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,563 @ 7.0% cap · market cap 3.09%
Second Best
Warehouse
$1.03M
$899.3K – $1.20M
NOI $71,942 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,458 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
423
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
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?
Auto shop - 7,056 SF building with shooting range and automotive repair.
Where is this auto shop located?
The property is located at 3310 Hanson St Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 7,056 sq ft CBS building on 1.7 acres within Fort Myers city limits.; Convenient location with frontage on Hanson Street and easy access to Metro, Fowler, US 41, and I‑75.; Currently divided into 4 units, offering flexible use options.
