Lehigh Acres Industrial/Flex
For Sale
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5483 Lee St, Lehigh Acres, FL 33971
1916 sqft industrial/flex space in Lehigh Acres, Florida.
Property Size1,916 SF
Price / SF$234.34
Days on Market830
Property Features for 5483 Lee St
General Information
Standard status
Active
Size
1,916 SF
Class
B
Property subtype
Industrial
Zoning
IL
Building Details
Year Built
2004
Stories
1
Units
1
Listing Agency:
Sperry Commercial Global Affiliates Fort Myers
Listed By:
Theresa Blauch-Mitchell, CCIM · License #FL BK3202944
Source:
Crexi
Added: May 16, 2024
Changed: Aug 19
Last Checked: Aug 22 at 3:15PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$20,960
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
4.67%
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%
$419,200
$419.2K
Cap Rate 7%
$299,429
$299.4K
Cap Rate 9%
$232,889
$232.9K
Market Conditions
NOI Build-Up for 1,916 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
$34.5K $18.00/SF
− Vacancy
−$2.2K −$1.17/SF
EGI
$32.2K $16.83/SF
− OpEx
−$11.3K −$5.89/SF
NOI
$21.0K $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%
$419,200
Cap Rate 7%
$299,429
Cap Rate 9%
$232,889
Alternative Uses
Best Use
Flex RnD
$299.4K
$262.0K – $349.3K
NOI $20,960 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$249.9K
$218.6K – $291.5K
NOI $17,491 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$603.0K
$527.7K – $703.6K
NOI $42,213 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33971, FL
26,333
Population
8,802
Households
3
Avg Household Size
33
Median Age
15%
College-Educated
85%
High-School Grad
17.0 sq mi
ZIP Area
1,549
Density / Sq Mi
$72,784
Median Household Income
$38,898
Median Earnings
$1,678
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
