Flex Warehouse with Solar
For Sale
$4,695,000
3625 Ironbridge Blvd, Fort Myers, FL 33916
Newly built light-industrial facility combines warehouse, office, mezzanine, and indoor-outdoor storage capabilities.
Property Size12,000 SF
Lot Size2.24 Acres
Price / SF$391.25
Days on Market22
Property Features for 3625 Ironbridge Blvd
General Information
Standard status
Active
Size
12,000 SF
Lot size
2.24 Acres
Property subtype
Industrial
Zoning
IL
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
30 ft
Office Build-Out
3,040 SF
Mezzanine
3,040 SF
Drive-In Doors
4
Power
400 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Amenities
LED lighting
solar roof
EV charging capabilities
impact glass windows
Building Details
Building Size
12,000 SF
Year Built
2026
Buildings
1
Listing Agency:
Lee & Associates | Naples
(203) 745-7705
Listed By:
Frank V. Martone, Esq.
(203) 745-7705
Source:
Lee-associates
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 29 at 4:37PM
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 | Naples
Investment Insights
Based on property information with market context.
Built in 2026, this flex facility provides 12,000± SF of industrial space on 2.24± acres. The building includes 3,040 SF of finished office area and another 3,040 SF of open mezzanine space that can accommodate future office expansion. Four grade-level doors measure 12 feet wide by 14 feet high, while clear heights range from 24 to 30 feet. Additional improvements include four restrooms, including one with a walk-in shower, polished concrete office finishes, impact glass windows, LED lighting, and a fire suppression system.
The property is located at 3625 Ironbridge Blvd in Fort Myers and carries IL light-industrial zoning. Electrical infrastructure includes installed 3-phase 480V, 400-amp service, with 600-amp service extending to the site. A 207KW solar roof system and 125KW fast EV charger are also in place. The facility supports contractor office operations with both indoor and outdoor storage areas.
The property is located at 3625 Ironbridge Blvd in Fort Myers and carries IL light-industrial zoning. Electrical infrastructure includes installed 3-phase 480V, 400-amp service, with 600-amp service extending to the site. A 207KW solar roof system and 125KW fast EV charger are also in place. The facility supports contractor office operations with both indoor and outdoor storage areas.
Key Highlights
- 12,000± SF building on 2.24± acres
- 3,040 SF office area plus 3,040 SF open mezzanine space
- Four 12’ W x 14’ H grade‑level 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
$206,220
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
4.39%
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%
$4,124,400
$4.1M
Cap Rate 7%
$2,946,000
$2.9M
Cap Rate 9%
$2,291,333
$2.3M
Market Conditions
NOI Build-Up for 12,000 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
$299.5K $24.96/SF
− Vacancy
−$24.6K −$2.05/SF
EGI
$275.0K $22.91/SF
− OpEx
−$68.7K −$5.73/SF
NOI
$206.2K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$4,124,400
Cap Rate 7%
$2,946,000
Cap Rate 9%
$2,291,333
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,220 @ 7.0% cap · market cap 4.39%
Second Best
Flex RnD
$1.88M
$1.64M – $2.19M
NOI $131,274 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$3.78M
$3.30M – $4.41M
NOI $264,384 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30 ft
Clear height
4
Drive-in doors
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
409
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 Office 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?
Flex space - Newly built light-industrial facility combines warehouse, office, mezzanine, and indoor-outdoor storage capabilities.
Where is this flex space located?
The property is located at 3625 Ironbridge Blvd Fort Myers, FL.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: 12,000± SF building on 2.24± acres; 3,040 SF office area plus 3,040 SF open mezzanine space; Four 12’ W x 14’ H grade‑level doors
