Industrial-Flex Condominium
A26-12960 Commerce Lakes Dr Fort Myers, FL 33913
A26-12960 Commerce Lakes Dr, Fort Myers, FL, 33913
$395,000
For Sale
$395,000
One-story flex unit with air-conditioned office and warehouse space, including a 10' x 14' roll-up door.
Property Size1,475 SF
Price / SF$267.80
Days on Market16
Property Features for A26-12960 Commerce Lakes Dr
General Information
- Standard status
- Active
- Size
- 1,475 SF
Listing agency
Phil Deems Real Estate
(239) 478-0056
Listed by
Philip A Deems · License #252010067
(239) 478-0056
Source
Exprealty
Added: Jul 6 Updated: Jul 21 at 6:42AM Checked: Jul 21 at 6:42AM
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 Phil Deems Real Estate
Investment Insights
Based on property information with market context.
This one-story industrial-flex condominium unit provides a mix of finished office and warehouse space suitable for light industrial, warehousing, showroom, contractor, or professional office use. The layout includes approximately 355 SF of air-conditioned office/reception area with tile flooring and a half-bath, along with approximately 1,120 SF of warehouse space. Warehouse features include an 18' clear ceiling height and one 10' x 14' electric roll-up overhead door. The unit is built with concrete tilt-up construction, has hurricane impact glass windows, and includes central air conditioning and heating with a new A/C unit installed in 2021. Electrical service is listed as 3-Phase (approximately 225 amps, 208/120 volts).
The property is located in the established Worthington Park of Commerce within the Gateway area, off Daniels Parkway, offering quick access to I-75 and Southwest Florida International Airport (RSW), as well as major regional corridors.
As a condominium unit within the complex, it is subject to quarterly CAM fees listed as $900.
The property is located in the established Worthington Park of Commerce within the Gateway area, off Daniels Parkway, offering quick access to I-75 and Southwest Florida International Airport (RSW), as well as major regional corridors.
As a condominium unit within the complex, it is subject to quarterly CAM fees listed as $900.
Key Highlights
- 1,475 SF one‑story industrial/flex condominium unit in Worthington Park of Commerce (built 2007)
- Finished office/reception area with tile floors and half‑bath: approx. 355 SF, with air conditioning
- Warehouse space approx. 1,120 SF with 18' clear ceiling height and one 10' x 14' electric roll‑up overhead door
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 | $36.8k | $24.96 |
| − Vacancy | −$3.0k | −$2.05 |
| EGI | $33.8k | $22.91 |
| − OpEx | −$8.4k | −$5.73 |
| NOI | $25.3k | $17.18 |
1,475 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$362.1K
$316.9K – $422.5K
NOI $25,348 @ 7.0% cap · market cap 6.42%
Second Best
Flex RnD
$230.5K
$201.7K – $268.9K
NOI $16,136 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$464.2K
$406.2K – $541.6K
NOI $32,497 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Moe's Southwest Grill — 13101 Paul J Doherty Pkwy #250, Fort Myers, FL 33913
- LSG Sky Chefs — 12420 Fuel Farm Rd, Fort Myers, FL 33913
FAQs
What type of property is this?
Flex space - One-story flex unit with air-conditioned office and warehouse space, including a 10' x 14' roll-up door.
Where is this flex space located?
The property is located at A26-12960 Commerce Lakes Dr Fort Myers, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,475 SF one‑story industrial/flex condominium unit in Worthington Park of Commerce (built 2007); Finished office/reception area with tile floors and half‑bath: approx. 355 SF, with air conditioning; Warehouse space approx. 1,120 SF with 18' clear ceiling height and one 10' x 14' electric roll‑up overhead door
