Multi-Tenant
For Sale
$1,665,000
5476 & 5576 Doug Taylor Circle, St James City, FL 33956
Eight units are occupied by four tenants, with concrete partitions separating the warehouse spaces.
Property Size7,360 SF
Lot Size1.23 Acres
Price / SF$226.22
Days on Market11
Property Features for 5476 & 5576 Doug Taylor Circle
General Information
Standard status
Active
Size
7,360 SF
Lot size
1.23 Acres
Zoning
IG
Occupancy
100%
Additional Details
Warehouse Space
7,360 SF
Taxes and HOA fees
Annual Taxes
$1,725
Amenities
Fenced
Building Details
Building Size
7,360 SF
Year Built
1989
Year Renovated
2023
Buildings
1
Stories
1
Construction
concrete
Tenancy
Multi
Listing Agency:
Phil Deems Real Estate
Listed By:
Phil Deems · License #252010067
(239) 994-4540
Source:
Evrealestate
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 7 at 12:40PM
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.
The 7,360-square-foot warehouse contains eight units, with concrete walls dividing the spaces. Four tenants occupy the building. A rubber membrane roof and HVAC systems were new as of 2023; the property was built in 1989.
The warehouse is located in St. James City on Pine Island.
The warehouse is located in St. James City on Pine Island.
Key Highlights
- 7,360 square feet across eight units
- Fully leased to 4 tenants
- Rubber membrane roof and HVAC systems were new as of 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,042
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,840
$1.5M
Cap Rate 7%
$1,072,029
$1.1M
Cap Rate 9%
$833,800
$833.8K
Market Conditions
NOI Build-Up for 7,360 SF
Gross rent
$92.7K $12.60/SF
− Vacancy
−$4.5K −$0.60/SF
EGI
$88.3K $12.00/SF
− OpEx
−$13.2K −$1.80/SF
NOI
$75.0K $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 Rate 5%
$1,500,840
Cap Rate 7%
$1,072,029
Cap Rate 9%
$833,800
Alternative Uses
Best Use
Warehouse
$1.07M
$938.0K – $1.25M
NOI $75,042 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,156 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33956, FL
3,861
Population
3,600
Households
1.1
Avg Household Size
66
Median Age
24%
College-Educated
93%
High-School Grad
16.3 sq mi
ZIP Area
237
Density / Sq Mi
$64,539
Median Household Income
$31,701
Median Earnings
$2,259
Median Rent
$284,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Pine Island Storage — 5111 doug taylor cir, st james city, fl 33956
- 24/7 Store It — 5111 Doug Taylor Cir, St James City, FL 33956
Frequently Asked Questions
What type of property is this?
Warehouse - Eight units are occupied by four tenants, with concrete partitions separating the warehouse spaces.
Where is this warehouse located?
The property is located at 5476 & 5576 Doug Taylor Circle St James City, FL.
What is the asking price?
The asking price for this property is $1,665,000.
What are key features of this property?
This property features: 7,360 square feet across eight units; Fully leased to 4 tenants; Rubber membrane roof and HVAC systems were new as of 2023
