Flex
For Sale
Contact for pricing
8801 Business Park Drive, Fort Myers, FL 33912
Flex space unit includes office, warehouse, drive-in door, mezzanine storage, and 22-foot clear height.
Property Size2,000 SF
Price / SF$320
Days on Market322
Property Features for 8801 Business Park Drive
General Information
Standard status
Active
Size
2,000 SF
Property subtype
FLEX_R_AND_D
Zoning
IPD
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
1
Listing Agency:
Lee & Associates | Fort Myers
(239) 989-8171
Listed By:
Meaghan Schmitt · License #1031882
(239) 989-8171
Source:
Moodyscre
Added: Sep 26, 2025
Changed: Jul 29
Last Checked: Aug 12 at 9:53AM
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.
A 2,000 SF flex condo is available for sale or lease beginning January 1, 2026. The unit includes office and warehouse space, plus mezzanine storage. It has a 22’ clear height and one drive-in door measuring 10’ x 14’, supporting a range of light industrial and warehouse-use needs.
The property is located at 8801 Business Park Drive in Fort Myers, FL 33912. It is zoned IPD.
With the combination of office space, warehouse area, mezzanine storage, and a single drive-in door, this flex setup can be a practical fit for users seeking an in-and-out operation with onsite workspace.
The property is located at 8801 Business Park Drive in Fort Myers, FL 33912. It is zoned IPD.
With the combination of office space, warehouse area, mezzanine storage, and a single drive-in door, this flex setup can be a practical fit for users seeking an in-and-out operation with onsite workspace.
Key Highlights
- 2,000 SF flex condo available January 1, 2026 for sale or lease
- 22’ clear height for warehouse operations
- Office and warehouse space plus mezzanine storage
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
$21,879
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
3.42%
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%
$437,580
$437.6K
Cap Rate 7%
$312,557
$312.6K
Cap Rate 9%
$243,100
$243.1K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$33.7K $16.83/SF
− OpEx
−$11.8K −$5.89/SF
NOI
$21.9K $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 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%
$437,580
Cap Rate 7%
$312,557
Cap Rate 9%
$243,100
Alternative Uses
Best Use
Flex RnD
$312.6K
$273.5K – $364.7K
NOI $21,879 @ 7.0% cap · market cap 3.42%
Second Best
Warehouse
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space unit includes office, warehouse, drive-in door, mezzanine storage, and 22-foot clear height.
Where is this flex space located?
The property is located at 8801 Business Park Drive Fort Myers, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2,000 SF flex condo available January 1, 2026 for sale or lease; 22’ clear height for warehouse operations; Office and warehouse space plus mezzanine storage
