Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1685 Target Ct Fort Myers, FL 33905
    Back to Search
    Property profile & analytics

    1685 Target Ct, Fort Myers, FL 33905

    View on Map
    • Warehouses
    • 3,053 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Last Call Distribution, Inc / Big Box & Wholesale Store / Bar & Pub
    • Better Than A Bistro LLC / Take-out & Catering / Catering Service
    • The Scooter Store / (Bike/Boat/Book/etc) Store
    • JP Racing Inc. Jetski Repair / (Bike/Boat/Book/etc) Store
    • SERVPRO of Central Ft. Myers / Hardware & Home Improvement / Construction Company

    Property Details for 1685 Target Ct

    Year built
    1982
    Property size
    3,053 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This vacant 3,053-square-foot warehouse is available for sale in Fort Myers, Florida, at $686,925 ($225/SF). Located at 1685 Target Ct, Unit 16, in Lee County (zip code 33905), this industrial property is situated in the Landshore Business Condo Association on a cul-de-sac, offering a prime location with convenient access to I-75 and SR 82, near Benchmark Corporate Park. Built in 1982, the structure features CBS construction with a steel truss roof and a 14-foot ground-level overhead door. The property is a single-unit industrial flex space, currently vacant and ready for immediate occupancy. The limited inventory of this property type makes it a highly sought-after opportunity in a desirable location. This is a for-sale-by-owner listing.

    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
    -81.8191
    Latitude
    26.6493

    Comparable in this City

    • Value Estimation by Request
      92,558 SF

      9359 Laredo Ave

      Distribution properties • 92,558 SF
      9359 Laredo Ave, Fort Myers, FL 33905
      View Details
    • Value Estimation by Request
      111,094 SF

      9385 Laredo Ave

      Distribution properties • 111,094 SF
      9385 Laredo Ave, Fort Myers, FL 33905
      View Details
    • Value Estimation by Request
      808,629 SF

      6115-6150 Tri County Commerce Way

      Distribution properties • 808,629 SF
      6115-6150 Tri County Commerce Way, Fort Myers, FL 33905
      View Details
    • Value Estimation by Request
      1,936 SF

      5894 Enterprise Pkwy

      DISTRIBUTION WAREHOUSE • 1,936 SF
      5894 Enterprise Pkwy, Fort Myers, FL 33905-5030
      View Details
    • Value Estimation by Request
      1,936 SF

      5878 Enterprise Pkwy

      DISTRIBUTION WAREHOUSE • 1,936 SF
      5878 Enterprise Pkwy, Fort Myers, FL 33905-5029
      View Details
    • Value Estimation by Request
      1,936 SF

      1685 Target Ct Ste, Unit 18

      DISTRIBUTION WAREHOUSE • 1,936 SF
      1685 Target Ct Ste, Fort Myers, FL 33905-4926
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Fort Myers Industrial Warehouse Building

      10,000 SF industrial warehouse building in Fort Myers, FL.
      5826-5830 Corporation Cir, Fort Myers, FL 33905
      View Details
    • $4,300,000
      12,800 SF

      12,800 SF Fort Myers Facility

      1.63 AC facility with outdoor storage for sale.
      2020 Ortiz Ave, Fort Myers, FL 33905
      View Details
    • $4,800,000
      20,000 SF

      Industrial Warehouse For Sale

      Single-tenant industrial warehouse available for purchase.
      5893 Enterprise Pkwy, Fort Myers, FL 33905
      View Details
    • New
      Contact for pricing
      125,000 SF

      Large Industrial Flex Building

      Spacious 125,639 SF industrial flex building for sale.
      5100 Tice St, Fort Myers, FL 33905
      View Details
    • New
      $1,500,000
      8,000 SF

      AG2 Property with River Access

      18-acre AG2 property featuring an 8,000 SF air-conditioned building.
      333-11331 Long Rd, Fort Myers, FL 33905
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Industrial Warehouse Near I-75

      Air-conditioned warehouse with mezzanine office and outdoor storage.
      2020 Ortiz Ave, Fort Myers, FL 33905
      View Details
    • $12 SF/Yr
      40,238 SF

      Rear-Load Warehouse Facility For Rent

      Rear-load warehouse with easy I-75 access in Fort Myers.
      9385 Laredo Ave, Fort Myers, FL 33905
      View Details
    • $13 SF/Yr
      33,563 SF

      Warehouse Facility Near I-75

      33,563 SF rear-load warehouse with easy I-75 access.
      9373 Laredo Ave, Fort Myers, FL 33905
      View Details
    • $14 SF/Yr
      15,490 SF

      Warehouse Space with I-75 Visibility

      15,490 SF rear-load warehouse space available for lease.
      9353 Laredo Ave, Fort Myers, FL 33905
      View Details
    • $2,500 /Mo
      1,900 SF

      Industrial Space with Fenced Yard

      Industrial property for rent with paved and fenced yard.
      5882 Enterprise Pkwy, Fort Myers, FL 33905
      View Details
    • Contact for pricing
      8,139 SF

      Industrial Warehouse with Fenced Lot

      8,139 SF warehouse with secure, fenced 4.30 AC lot.
      4750 Laredo Ave, Fort Myers, FL 33905
      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.
    1685 Target Ct
    Fort Myers, FL 33905
    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
    1685 Target Ct, Fort Myers, FL, 33905
    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!