Flex Space with Overhead
For Sale
Contact for pricing
6241 Metro Plantation Road, Fort Myers, FL 33966
Functional flex space with IL zoning and a practical interior layout.
Property Size14,080 SF
Lot Size1.01 Acres
Price / SF$195.31
Days on Market12
Property Features for 6241 Metro Plantation Road
General Information
Standard status
Active
Size
14,080 SF
Class
C
Total Parking Spaces
25
Lot size
1.01 Acres
Property subtype
Retail
Zoning
IL
Occupancy
28%
Lease Type
Gross
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Overhead Doors
Building Details
Year Built
1990
Units
3
Tenancy
Multi
Building Size
14,080 SF
Listing Agency:
LSI Companies
(239) 565-3456
Listed By:
Alexis North · License #FL 3434087
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 9:11AM
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 LSI Companies
Investment Insights
Based on property information with market context.
This 14,080-square-foot flex property occupies approximately 1.01 acres and was built in 1990. The building includes a functional interior arrangement and four 10-foot-high by 10-foot-wide overhead doors, supporting a range of commercial and industrial operations. IL zoning adds a clear industrial-land-use framework, while flexible lease terms may accommodate both investors and owner-users.
The property is positioned along the Metro Parkway corridor, a primary arterial connection serving commercial and industrial users between Fort Myers and Greater Lee County. Access to US-41, I-75, Daniels Parkway, and Colonial Boulevard places the site within reach of major regional roadways.
The property is positioned along the Metro Parkway corridor, a primary arterial connection serving commercial and industrial users between Fort Myers and Greater Lee County. Access to US-41, I-75, Daniels Parkway, and Colonial Boulevard places the site within reach of major regional roadways.
Key Highlights
- 14,080± square feet on 1.01± acres
- Four 10’ H x 10’ W overhead doors
- IL zoning supports industrial‑oriented commercial use
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
$184,705
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
6.72%
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%
$3,694,100
$3.7M
Cap Rate 7%
$2,638,643
$2.6M
Cap Rate 9%
$2,052,278
$2.1M
Market Conditions
NOI Build-Up for 14,080 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
$272.0K $19.32/SF
− Vacancy
−$8.2K −$0.58/SF
EGI
$263.9K $18.74/SF
− OpEx
−$79.2K −$5.62/SF
NOI
$184.7K $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%
$3,694,100
Cap Rate 7%
$2,638,643
Cap Rate 9%
$2,052,278
Alternative Uses
Best Use
Retail
$2.64M
$2.31M – $3.08M
NOI $184,705 @ 7.0% cap · market cap 6.72%
Second Best
Flex RnD
$2.20M
$1.93M – $2.57M
NOI $154,028 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,211 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
629
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 - Functional flex space with IL zoning and a practical interior layout.
Where is this flex space located?
The property is located at 6241 Metro Plantation Road Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 14,080± square feet on 1.01± acres; Four 10’ H x 10’ W overhead doors; IL zoning supports industrial‑oriented commercial use
