Flex Space with Grade-Level
New
For Sale
$569,000
B12-12940 Express Ct, Fort Myers, FL 33912
Office and warehouse areas are paired with an overhead door and three-phase electrical service.
Property Size1,975 SF
Price / SF$288.10
Days on Market4
Property Features for B12-12940 Express Ct
General Information
Standard status
Active
Size
1,975 SF
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
1,260 SF
Office Build-Out
715 SF
Mezzanine
300 SF
Drive-In Doors
1
Power
225 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,702
Building Details
Year Built
2007
Construction
tilt-up concrete
Listing Agency:
Phil Deems Real Estate
(239) 945-4545
Listed By:
Philip A Deems · License #258033389
(239) 478-0056
Source:
Exprealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:19AM
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 2007-built flex unit combines finished office space with a clear-span warehouse and mezzanine. The office includes reception space, epoxy flooring, a private full bath, and a kitchenette. Warehouse features include an electric roll-up door for grade-level loading and more than 18 feet of clear height. Concrete tilt-up construction, impact-rated glass, fire sprinklers, and three-phase power round out the building improvements.
The property is in Worthington Park of Commerce in Fort Myers’ Gateway submarket, off Daniels Parkway. I-75 is immediately accessible, with Southwest Florida International Airport and Alico Road a short drive away. Potential applications identified for the space include light industrial, storage and distribution, contractor operations, technology services, showroom use, or office with warehouse support.
The property is in Worthington Park of Commerce in Fort Myers’ Gateway submarket, off Daniels Parkway. I-75 is immediately accessible, with Southwest Florida International Airport and Alico Road a short drive away. Potential applications identified for the space include light industrial, storage and distribution, contractor operations, technology services, showroom use, or office with warehouse support.
Key Highlights
- 1,975 SF total, including 715 SF of finished office and 1,260 SF of warehouse space
- 300 SF mezzanine
- 10’ x 12’ electric roll‑up overhead door with grade‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,606
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,120
$432.1K
Cap Rate 7%
$308,657
$308.7K
Cap Rate 9%
$240,067
$240.1K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$35.6K $18.00/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$33.2K $16.83/SF
− OpEx
−$11.6K −$5.89/SF
NOI
$21.6K $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%
$432,120
Cap Rate 7%
$308,657
Cap Rate 9%
$240,067
Alternative Uses
Best Use
Flex RnD
$308.7K
$270.1K – $360.1K
NOI $21,606 @ 7.0% cap · market cap 3.80%
Second Best
Warehouse
$287.7K
$251.7K – $335.6K
NOI $20,137 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$621.6K
$543.9K – $725.2K
NOI $43,513 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Balanced
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.
Similar Off Market Nearby
- Moe's Southwest Grill — 13101 Paul J Doherty Pkwy #250, Fort Myers, FL 33913
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired with an overhead door and three-phase electrical service.
Where is this flex space located?
The property is located at B12-12940 Express Ct Fort Myers, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,975 SF total, including 715 SF of finished office and 1,260 SF of warehouse space; 300 SF mezzanine; 10’ x 12’ electric roll‑up overhead door with grade‑level access
