Industrial Flex Space with
For Sale
$625,000
8801 Business Park Drive #203, Fort Myers, FL 33912
Office and warehouse areas combine in a concrete-block condominium with utility service and grade-level loading.
Property Size2,443 SF
Price / SF$255.83
Days on Market181
Property Features for 8801 Business Park Drive #203
General Information
Standard status
Active
Size
2,443 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
24 ft
Mezzanine
500 SF
Drive-In Doors
1
Additional Details
Property Use
Office/Warehouse
Taxes and HOA fees
Annual Taxes
$4,080
Building Details
Building Size
2,443 SF
Year Built
2008
Year Renovated
2020
Stories
2
Construction
concrete block
Listing Agency:
William Raveis Real Estate
(239) 364-6635
Listed By:
Edward Burnham · License #3483937
(239) 734-0776
Source:
Islandexchangerealty
Added: May 7
Changed: Oct 31
Last Checked: Oct 31 at 3:26AM
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 William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This 2,443-square-foot industrial flex condominium pairs a finished front office area with open warehouse space. The office buildout includes two private offices, a reception or showroom area, and a restroom. A 500 SF mezzanine adds usable area, while the warehouse has 24-foot clear ceilings and a 13-foot grade-level overhead door. Construction is concrete block with a metal roof. The property was originally built in 2008, completely redone with an effective year built of 2020, and had roof work and painting completed in 2025. Electric, water, sewer, and telecommunications service are available.
The unit is in Alico Road Business Park, with access to I-75 and US-41 and proximity to Southwest Florida International Airport. Parking is available within the business park.
The unit is in Alico Road Business Park, with access to I-75 and US-41 and proximity to Southwest Florida International Airport. Parking is available within the business park.
Key Highlights
- 2,443‑square‑foot industrial flex condominium
- 500 SF mezzanine above open warehouse space
- Two private offices, reception or showroom area, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,725
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,500
$534.5K
Cap Rate 7%
$381,786
$381.8K
Cap Rate 9%
$296,944
$296.9K
Market Conditions
NOI Build-Up for 2,443 SF
Gross rent
$44.0K $18.00/SF
− Vacancy
−$2.9K −$1.17/SF
EGI
$41.1K $16.83/SF
− OpEx
−$14.4K −$5.89/SF
NOI
$26.7K $10.94/SF
Area
Lee County, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,500
Cap Rate 7%
$381,786
Cap Rate 9%
$296,944
Alternative Uses
Best Use
Flex RnD
$381.8K
$334.1K – $445.4K
NOI $26,725 @ 7.0% cap · market cap 4.28%
Second Best
Warehouse
$355.8K
$311.4K – $415.2K
NOI $24,909 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$768.9K
$672.8K – $897.1K
NOI $53,824 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33912, FL
19,146
Population
12,078
Households
1.6
Avg Household Size
61
Median Age
48%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
903
Density / Sq Mi
$101,043
Median Household Income
$54,143
Median Earnings
$1,653
Median Rent
$367,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas combine in a concrete-block condominium with utility service and grade-level loading.
Where is this flex space located?
The property is located at 8801 Business Park Drive #203 Fort Myers, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,443‑square‑foot industrial flex condominium; 500 SF mezzanine above open warehouse space; Two private offices, reception or showroom area, and restroom
