Air-Conditioned Storage Warehouse
For Sale
$239,800
H8-14702 Tarmac Ct, Fort Myers, FL 33913
Concrete block unit includes epoxy floors, mini-split HVAC, and a 14' overhead door for vehicle and RV storage.
Property Size1,050 SF
Price / SF$228.38
Days on Market218
Property Features for H8-14702 Tarmac Ct
General Information
Standard status
Active
Size
1,050 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,850
Listing Agency:
Keller Williams Realty Naples
(239) 449-1000
Listed By:
Denny Grimes · License #258000307
(239) 689-7600
Source:
Exprealty
Added: Feb 9
Changed: Sep 12
Last Checked: Sep 14 at 12:46PM
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 Keller Williams Realty Naples
Investment Insights
Based on property information with market context.
This for-sale self storage and warehouse unit is built with concrete block construction and features epoxy floors and mini-split air conditioning. The unit also includes 50-AMP power, a 14' overhead door, and a separate walk-through entry for convenient access.
Drive aisles are extra-wide to support easy maneuvering of oversized vehicles and trailers. On-site amenities include restrooms, showers, laundry facilities, and an on-site sewer dump station, and the facility is described as secure and hurricane-rated.
The configuration is designed for versatile storage or business use, with on-unit power and climate control to support demanding equipment and vehicle-related operations.
Drive aisles are extra-wide to support easy maneuvering of oversized vehicles and trailers. On-site amenities include restrooms, showers, laundry facilities, and an on-site sewer dump station, and the facility is described as secure and hurricane-rated.
The configuration is designed for versatile storage or business use, with on-unit power and climate control to support demanding equipment and vehicle-related operations.
Key Highlights
- 21' x 50' concrete block storage unit with epoxy floors and mini‑split air conditioning
- 14' overhead door plus separate walk‑through entry
- Includes 50‑AMP power in the unit
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
$11,074
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
4.62%
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%
$221,480
$221.5K
Cap Rate 7%
$158,200
$158.2K
Cap Rate 9%
$123,044
$123.0K
Market Conditions
NOI Build-Up for 1,050 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
$17.0K $16.20/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$15.8K $15.07/SF
− OpEx
−$4.7K −$4.52/SF
NOI
$11.1K $10.55/SF
Area
Lee County, FL
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$221,480
Cap Rate 7%
$158,200
Cap Rate 9%
$123,044
Alternative Uses
Best Use
Self Storage
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 4.62%
Second Best
Warehouse
$152.9K
$133.8K – $178.4K
NOI $10,706 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$330.5K
$289.2K – $385.6K
NOI $23,134 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 33913, FL
28,216
Population
16,026
Households
1.8
Avg Household Size
54
Median Age
47%
College-Educated
95%
High-School Grad
101.0 sq mi
ZIP Area
279
Density / Sq Mi
$106,925
Median Household Income
$54,341
Median Earnings
$1,914
Median Rent
$439,200
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?
Self storage facility - Concrete block unit includes epoxy floors, mini-split HVAC, and a 14' overhead door for vehicle and RV storage.
Where is this self storage facility located?
The property is located at H8-14702 Tarmac Ct Fort Myers, FL.
What is the asking price?
The asking price for this property is $239,800.
What are key features of this property?
This property features: 21' x 50' concrete block storage unit with epoxy floors and mini‑split air conditioning; 14' overhead door plus separate walk‑through entry; Includes 50‑AMP power in the unit
