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    8831 Business Park Dr Fort Myers, FL 33912
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    Property profile & analytics

    8831 Business Park Dr, Fort Myers, FL 33912

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    • Industrial properties
    • 18,750 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Computers That Werk / Computer & Electronic Repair
    • Alico Commercial Group / Real Estate Agency
    • Gift of Life Adoptions / Adoption Agency
    • The Safe House Church / Church / Mosque
    • Lenders Retail Center - ALTHAS / Loan Service / Bank

    Property Details for 8831 Business Park Dr

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 18,750-square-foot flex space property in Fort Myers, Florida, presents a unique investment opportunity. Located at 8831 Business Park Dr, Lee County, zip code 33912, this single-story building sits on a single unit and offers a versatile layout ideal for a variety of businesses. The property boasts 15,000 square feet of office space, meticulously designed with 30 private offices and 8 glass cubicles, ensuring ample workspace for employees. A comprehensive suite of collaborative spaces includes a conference room, reception area, meeting/planning room, and waiting room, fostering efficient teamwork and client interaction. The remaining 3,750 square feet comprises a warehouse area, equipped with two ground-level roll-up doors (with potential for additional doors). The property is zoned IL and is offered at $5,625,000, translating to a price per square foot of $300 and a price per unit of $5,625,000. Two restrooms are conveniently located within the building. This property offers a compelling blend of office and warehouse space, making it an attractive option for businesses seeking a functional and well-appointed workspace in a desirable location. The property's strategic location in Fort Myers provides easy access to major transportation routes and amenities.

    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
    -81.8118
    Latitude
    26.5069

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      16221 Lee Rd

      Self storage facilities
      16221 Lee Rd, Fort Myers, FL 33912
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      1,480 SF

      8821 Business Park Dr

      Distribution properties
      8821 Business Park Dr, Fort Myers, FL 33912
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    • Value Estimation by Request
      18,463 SF

      14621 6 Mile Cypress Pkwy

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      4,952 SF

      2151 Andrea Ln

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    • Value Estimation by Request
      41,360 SF

      16996 Domestic Ave

      Flex space
      16996 Domestic Ave, Fort Myers, FL 33912
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    • Value Estimation by Request
      62,148 SF

      16431 Domestic Ave

      LIGHT INDUSTRIAL
      16431 Domestic Ave, Fort Myers, FL 33912-6008
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Flex Condo with Mezzanine Storage

      2,000 SF flex condo available for sale or lease.
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    • $3,350,000
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      Versatile Commercial Building in Fort Myers

      C-1 zoned property ideal for various commercial uses.
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      Flex Warehouse Units For Sale

      34,170 SF flex warehouse with units for sale/lease.
      16101 Lee Rd, Fort Myers, FL 33912
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      5,000 SF

      I-75 Frontage Flex Space

      Flex space with excellent I-75 frontage available for lease.
      14261 Jetport Loop West, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      New Flex Suites For Lease

      New commercial flex development in West Fort Myers, delivery February 2025.
      16221 Lee Rd, Fort Myers, FL 33912
      View Details
    • $2,300 /Mo
      1,500 SF

      Industrial Flex Unit For Lease

      1,500 SF industrial flex unit available for lease.
      Ft, Fort Myers, FL 33912
      View Details
    • Contact for pricing

      Fort Myers Flex Space Available

      Flex space available for lease in Fort Myers, Florida.
      16140 Lee 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
    • $13 SF/Yr
      46,914 SF

      Versatile Fort Myers Commercial Space

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