Office/Warehouse Facility with
4681 Elevation Way, Fort Myers, FL 33905
For Sale
Contact for pricing
State-of-the-art office/warehouse facility with additional land for sale.
Property Size8,417 SF
Price / SF$350.10
Days on Market235
Property Features for 4681 Elevation Way
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Buildings
Stories
Listing Agency:
Mayhugh Commercial Advisors
Listed By:
Chase Mayhugh, SIOR, CCIM · License FL BK3053987
(239) 898-9685
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
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 Mayhugh Commercial Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a state-of-the-art office/warehouse facility. The property includes additional land, enhancing its potential for various uses. The building encompasses 8,417 square feet.
Key Highlights
- State‑of‑the‑art office/warehouse facility
- Additional land included
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,382
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,640
$2.3M
Cap Rate 7%
$1,676,886
$1.7M
Cap Rate 9%
$1,304,244
$1.3M
Market Conditions
NOI Build-Up for 8,417 SF
Gross rent
$144.6K $17.18/SF
− Vacancy
−$6.5K −$0.77/SF
EGI
$138.1K $16.41/SF
− OpEx
−$20.7K −$2.46/SF
NOI
$117.4K $13.95/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$17.18 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,640
Cap Rate 7%
$1,676,886
Cap Rate 9%
$1,304,244
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,382 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,668 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,443 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Fort Myers, FL
Properties on Market for Warehouses in Fort Myers
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - State-of-the-art office/warehouse facility with additional land for sale.
Where is this warehouse located?
The property is located at 4681 Elevation Way Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,946,800.
What are key features of this property?
This property features: State‑of‑the‑art office/warehouse facility; Additional land included; Built in 2021
