Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16120 Lee Rd Fort Myers, FL 33912
    Back to Search
    Property profile & analytics

    16120 Lee Rd, Fort Myers, FL 33912

    View on Map
    • Warehouses
    • 294,011 SF
    • 38.61 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BioXTEND Co. / Agricultural Service / Agrochemicals Supplier
    • Sunbelt Rentals Climate Control / HVAC Service / General Contractor
    • NUR Performance / Auto Parts Store
    • Ranger Motorsports / Auto Repair Shop
    • F.A.S. Motorsports / Auto Repair Shop / Insurance Agency

    Property Details for 16120 Lee Rd

    Year built
    2018
    Lot size
    38.61 lot acres
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 294,011 square foot industrial campus, situated on 38.61 acres in Lee County's South Fort Myers/San Carlos submarket, offers multiple warehouse spaces for lease. Built in 2018 and renovated in 2021, this Class B property comprises eight single-story buildings, each featuring 18'-24' ceiling heights, ideal for various industrial uses. The campus boasts ample parking (3.74 spaces per 1,000 square feet), eight drive-in doors, and a robust 3-phase power system. Currently, two spaces are available, ranging from 4,480 to 8,960 square feet. The property's strategic location provides easy access to I-75, Southwest Florida International Airport (RSW), and Florida Gulf Coast University, making it perfect for distribution or manufacturing businesses. Additional features include a fenced storage yard and a comprehensive fire protection system. The building design is crane-ready, enhancing operational efficiency. The property is zoned IPD and offers a compelling opportunity for businesses seeking modern, well-equipped warehouse space in a prime location. This is a rare opportunity to secure space in a newly renovated, well-maintained industrial campus with excellent access to major transportation arteries.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8141
    Latitude
    26.5072

    Comparable in this City

    • Value Estimation by Request
      20.00 Acres

      16101 3 Oaks Pkwy

      Medical Office Space
      16101 3 Oaks Pkwy, Fort Myers, FL 33912
      View Details
    • Value Estimation by Request
      1,480 SF

      8821 Business Park Dr

      Distribution properties
      8821 Business Park Dr, Fort Myers, FL 33912
      View Details
    • Value Estimation by Request
      30,000 SF

      16270 Old Us 41

      Distribution properties
      16270 Old Us 41, Fort Myers, FL 33912
      View Details
    • Value Estimation by Request
      4,952 SF

      2151 Andrea Ln

      Distribution properties
      2151 Andrea Ln, Fort Myers, FL 33912
      View Details
    • Value Estimation by Request
      30,000 SF

      16260-16280 Old Us 41

      Distribution properties
      16260-16280 Old Us 41, Fort Myers, FL 33912
      View Details
    • Value Estimation by Request
      481,933 SF

      16500 Oriole Rd

      Distribution properties
      16500 Oriole Rd, Fort Myers, FL 33912
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Prime Location Land Opportunity

      5.25 acres near Southwest Florida International Airport.
      5891 Halifax Ave, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      2,000 SF

      Flex Condo with Mezzanine Storage

      2,000 SF flex condo available for sale or lease.
      8801 Business Park Dr, Fort Myers, FL 33912
      View Details
    • $3,350,000
      19,800 SF

      Versatile Commercial Building in Fort Myers

      C-1 zoned property ideal for various commercial uses.
      2130 Andrea Ln, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      27,000± SF warehouse and office space near U.S. 41.
      2129 Andrea Ln, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      Fort Myers Flex Space Suites

      Class-A industrial flex spaces for sale or lease.
      16101 Lee Rd, Fort Myers, FL 33912
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,400 SF

      Industrial Space Available For Lease

      Industrial space for lease featuring dock-high loading.
      9125 Links Cmns Dr, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      481,933 SF

      Spacious Fort Myers Warehouse Facility

      481,933 SF warehouse on 33.2 acres in Fort Myers.
      16500 Oriole Rd, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      153,000 SF

      Industrial Park Warehouse Opportunity

      Industrial park with warehouse space for lease in Fort Myers.
      3 Oaks Pkwy, Fort Myers, FL 33912
      View Details
    • Contact for pricing
      153,000 SF

      Oriole Logistics Center Industrial Park

      Three-building industrial park with build-to-suit opportunity.
      16671 Oriole Rd, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      I-75 Frontage Flex Space Available

      Flex space with I-75 frontage, warehouse, and office components.
      14261 Jetport Loop, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      Versatile Office/Warehouse on Large Site

      5,100 SF office/warehouse on 2.5 acres, ideal for industrial uses.
      7050 Pennsylvania St, Fort Myers, FL 33912
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16120 Lee Rd
    Fort Myers, FL 33912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16120 Lee Rd, Fort Myers, FL, 33912
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!