Industrial Warehouse For
For Sale
Contact for pricing
5893 Enterprise Pkwy, Fort Myers, FL 33905
Single-tenant industrial warehouse available for purchase.
Property Size20,000 SF
Price / SF$240
Days on Market169
Property Features for 5893 Enterprise Pkwy
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Zoning
IL
Building Details
Year Built
1995
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates - Naples
(239) 209-0458
Listed By:
Gary Barlow · License #SL3068463
Source:
Crexi
Added: Mar 9
Changed: Aug 23
Last Checked: Aug 24 at 11:10AM
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.
This single-tenant industrial warehouse, located in Billy Creek, offers a total property size of 20000 square feet. The property is suitable for warehouse and industrial use.
Key Highlights
- Single‑tenant property
- Industrial warehouse for sale
- Located in Billy Creek
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
$203,918
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
4.25%
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%
$4,078,360
$4.1M
Cap Rate 7%
$2,913,114
$2.9M
Cap Rate 9%
$2,265,756
$2.3M
Market Conditions
NOI Build-Up for 20,000 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
$252.0K $12.60/SF
− Vacancy
−$12.1K −$0.60/SF
EGI
$239.9K $12.00/SF
− OpEx
−$36.0K −$1.80/SF
NOI
$203.9K $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 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%
$4,078,360
Cap Rate 7%
$2,913,114
Cap Rate 9%
$2,265,756
Alternative Uses
Best Use
Warehouse
$2.91M
$2.55M – $3.40M
NOI $203,918 @ 7.0% cap · market cap 4.25%
Second Best
Industrial
$2.61M
$2.28M – $3.04M
NOI $182,574 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$6.29M
$5.51M – $7.34M
NOI $440,640 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Good Greek Moving & Storage Fort Myers — 6195 Tri County Cir Suite 400, Fort Myers, FL 33905
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial warehouse available for purchase.
Where is this warehouse located?
The property is located at 5893 Enterprise Pkwy Fort Myers, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Single‑tenant property; Industrial warehouse for sale; Located in Billy Creek
