Air-Conditioned Flex
For Sale
Contact for pricing
3919 Fowler St, Fort Myers, FL 33901
Fully air-conditioned property combines warehouse space with a retail service counter and small office.
Property Size6,000 SF
Price / SF$191.67
Days on Market52
Property Features for 3919 Fowler St
General Information
Standard status
Active
Size
6,000 SF
Class
C
Property subtype
Retail, Industrial
Zoning
CI - City of Ft Myers
Additional Details
Conditioned Warehouse
Yes
Building Details
Year Built
1975
Buildings
1
Units
1
Listing Agency:
CRE Consultants
Listed By:
Stan Stouder · License #FL BK347192
(239) 481-3800
Source:
Crexi
Added: Jul 30
Changed: Sep 16
Last Checked: Sep 18 at 7:18AM
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 CRE Consultants
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property was built in 1975 and is fully air-conditioned. Its interior includes substantial warehouse and open-area space, a retail service counter, and a small office component, creating a functional mix of work, storage, and service areas.
The property is located at 3919 Fowler St in Fort Myers, Florida. It carries CI zoning identified as City of Ft Myers, supporting its classification as a flexible commercial property with warehouse and retail-oriented features.
The property is located at 3919 Fowler St in Fort Myers, Florida. It carries CI zoning identified as City of Ft Myers, supporting its classification as a flexible commercial property with warehouse and retail-oriented features.
Key Highlights
- 6000 SF flex property
- Fully air‑conditioned interior
- Significant warehouse and open‑area space
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
$65,637
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
5.71%
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%
$1,312,740
$1.3M
Cap Rate 7%
$937,671
$937.7K
Cap Rate 9%
$729,300
$729.3K
Market Conditions
NOI Build-Up for 6,000 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
$108.0K $18.00/SF
− Vacancy
−$7.0K −$1.17/SF
EGI
$101.0K $16.83/SF
− OpEx
−$35.3K −$5.89/SF
NOI
$65.6K $10.94/SF
Area
Lee County, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,312,740
Cap Rate 7%
$937,671
Cap Rate 9%
$729,300
Alternative Uses
Best Use
Flex RnD
$937.7K
$820.5K – $1.09M
NOI $65,637 @ 7.0% cap · market cap 5.71%
Second Best
Warehouse
$873.9K
$764.7K – $1.02M
NOI $61,176 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,192 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,274
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Fully air-conditioned property combines warehouse space with a retail service counter and small office.
Where is this flex space located?
The property is located at 3919 Fowler St Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6000 SF flex property; Fully air‑conditioned interior; Significant warehouse and open‑area space
