Flex Building With Drive-Through
New
For Sale
Contact for pricing
6100 Idlewild St, Fort Myers, FL 33966
Fenced flex facility with repair-bay configuration, secured outdoor storage, and ongoing office and building improvements.
Property Size8,309 SF
Price / SF$270
Days on Market3
Property Features for 6100 Idlewild St
General Information
Standard status
Active
Size
8,309 SF
Property subtype
RETAIL
Listing Agency:
Lee & Associates | Fort Myers
(651) 303-7516
Listed By:
Colton Brausen
(651) 303-7516
Source:
Moodyscre
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 14 at 6:47AM
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 | Fort Myers
Investment Insights
Based on property information with market context.
This 8,309-square-foot flex building is configured as an auto repair facility with drive-through bays and an industrial outdoor storage area. The property includes a new office, a recently installed roof, 16-foot clear height, and 10 grade-level doors, including nine measuring 10 feet by 10 feet and one measuring 12 feet by 10 feet. The site encompasses 1.19 acres and is fenced and secured.
Current site work includes painting the building, adding LED lighting in the warehouse, and milling and paving the exterior lot. Located at 6100 Idlewild St in Fort Myers, Florida, the property combines enclosed flex space with secured yard capacity and service-oriented improvements.
Current site work includes painting the building, adding LED lighting in the warehouse, and milling and paving the exterior lot. Located at 6100 Idlewild St in Fort Myers, Florida, the property combines enclosed flex space with secured yard capacity and service-oriented improvements.
Key Highlights
- 8,309 SF flex building on 1.19 AC
- 10 grade‑level doors: 9 at 10’ x 10’ and 1 at 12’ x 10’
- 16’ clear height with drive‑through bays
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
$109,000
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
4.86%
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%
$2,180,000
$2.2M
Cap Rate 7%
$1,557,143
$1.6M
Cap Rate 9%
$1,211,111
$1.2M
Market Conditions
NOI Build-Up for 8,309 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
$160.5K $19.32/SF
− Vacancy
−$4.8K −$0.58/SF
EGI
$155.7K $18.74/SF
− OpEx
−$46.7K −$5.62/SF
NOI
$109.0K $13.12/SF
Area
Lee County, FL
Vacancy
3.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
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%
$2,180,000
Cap Rate 7%
$1,557,143
Cap Rate 9%
$1,211,111
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $109,000 @ 7.0% cap · market cap 4.86%
Second Best
Flex RnD
$1.30M
$1.14M – $1.51M
NOI $90,896 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,064 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33966, FL
11,245
Population
7,472
Households
1.5
Avg Household Size
50
Median Age
44%
College-Educated
97%
High-School Grad
8.8 sq mi
ZIP Area
1,278
Density / Sq Mi
$86,812
Median Household Income
$54,302
Median Earnings
$1,743
Median Rent
$362,400
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex facility with repair-bay configuration, secured outdoor storage, and ongoing office and building improvements.
Where is this flex space located?
The property is located at 6100 Idlewild St Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,243,430.
What are key features of this property?
This property features: 8,309 SF flex building on 1.19 AC; 10 grade‑level doors: 9 at 10’ x 10’ and 1 at 12’ x 10’; 16’ clear height with drive‑through bays
