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    Lehigh Acres Industrial/Flex Space Title is generated by Realmo AI

    5483 Lee St, Lehigh Acres, FL 33971

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    1916 sqft industrial/flex space in Lehigh Acres, Florida.

    Type:Industrial
    Property size:
    1,916 SF
    Price / SF:
    $234/SF
    Added:
    May 16, 2024
    Days on Market:
    785
    Last Refresh:
    Jul 4 at 12:36 pm

    Property Features for 5483 Lee St

    General Information

    Standard status
    Active
    Size
    1,916 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2004

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    Theresa Blauch-Mitchell, CCIM
    Theresa Blauch-Mitchell, CCIM

    Listing office Sperry Commercial Global Affiliates Fort Myers

    Listing date May 16, 2024

    Source Crexi

    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 Sperry Commercial Global Affiliates Fort Myers

    HighLights

    • Versatile 1,916 sq ft industrial/flex space suitable for various business operations.
    • Zoned IL, accommodating a diverse range of industrial and commercial uses.
    • Features an air‑conditioned warehouse and spacious offices.
    • Modern infrastructure and facilities, built in 2004.
    • Two bathrooms.
    • Located in the vibrant Lehigh Acres area.

    Overview

    This 1,916 square foot industrial/flex space is located in Lehigh Acres. Constructed in 2004, the property is zoned IL, accommodating a range of industrial and commercial uses. The building features an air-conditioned warehouse and spacious offices, along with two bathrooms. This well-maintained property is suitable for various business operations, offering a versatile environment for industrial and commercial endeavors.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $47.8k $24.96
    − Vacancy −$3.9k −$2.05
    EGI $43.9k $22.91
    − OpEx −$11.0k −$5.73
    NOI $32.9k $17.18
    1,916 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $470.4K
    $411.6K – $548.8K (±1% cap)
    NOI $32,926 @ 7.0% cap · market cap 7.33%
    Second Best
    Flex RnD
    $299.4K
    $262.0K – $349.3K (±1% cap)
    NOI $20,960 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Office A
    $603.0K
    $527.7K – $703.6K (±1% cap)
    NOI $42,213 @ 7.0% cap · market cap 9.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    FBI Air Hardware & Home Improvement Lehigh Acres Windshield ... Auto Repair Shop EXpressLO LLC Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Dental Office Restaurant Pharmacy Parking Lot & Garage Electrical Service Hotel & Motel Cafe & Coffee Shop Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.7467951
    Latitude
    26.617564

    FAQs

    What type of property is this?
    Flex space - 1916 sqft industrial/flex space in Lehigh Acres, Florida.
    Where is this flex space located?
    The property is located at 5483 Lee St Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Versatile 1,916 sq ft industrial/flex space suitable for various business operations.; Zoned IL, accommodating a diverse range of industrial and commercial uses.; Features an air‑conditioned warehouse and spacious offices.
    More about this property
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