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    11000 Metro Pkwy Fort Myers, FL 33966
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    11000 Metro Pkwy, Fort Myers, FL 33966

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    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dental Creations Inc / Dental Office
    • Industrial Repair Inc / Auto Repair Shop
    • Cole's Air Diagnostics LLC / Hardware & Home Improvement / HVAC Service
    • Quality Control Air of SWFL / HVAC Service / General Contractor
    • Manrriquez / Big Box & Wholesale Store / Furniture & Home Goods

    Property Details for 11000 Metro Pkwy

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 2,000-square-foot flex space in Fort Myers, Florida, is ideally situated at 11000 Metro Parkway, zip code 33966. The property is a single-tenant industrial space offering a versatile layout perfect for a variety of businesses. The unit boasts 750 square feet of well-appointed office space, complemented by a spacious 1,250-square-foot warehouse area. Adding to its functionality is a 750-square-foot mezzanine level, accessible via a stairway, providing valuable additional storage capacity. The unit features a recently updated bathroom complete with a shower, enhancing convenience and comfort. The monthly rental rate of $2,833.33 is inclusive of all common area maintenance (CAM) fees

    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
    -81.8546
    Latitude
    26.5814

    Comparable in this City

    • Value Estimation by Request
      25,550 SF

      6193 Idlewild St

      Refrigerated & Cold Storage
      6193 Idlewild St, Fort Myers, FL 33966
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    • Value Estimation by Request

      12165 Metro Pkwy

      Flex space
      12165 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Value Estimation
      $1,480,000
      13,706 SF

      12881 Metro Pkwy

      LIGHT INDUSTRIAL
      12881 Metro Pkwy, Fort Myers, FL 33966-8342
      View Details
    • Value Estimation
      $3,240,000
      40,106 SF

      10945 Metro Pkwy

      LIGHT INDUSTRIAL
      10945 Metro Pkwy, Fort Myers, FL 33966-1202
      View Details
    • Value Estimation
      $980,000
      11,401 SF

      6211 Idlewild St, Unit 6215

      LIGHT INDUSTRIAL
      6211 Idlewild St, Fort Myers, FL 33966-1219
      View Details
    • Value Estimation
      $5,265,000
      50,302 SF

      13320 Metro Pkwy

      LIGHT INDUSTRIAL
      13320 Metro Pkwy, Fort Myers, FL 33966-4804
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,002 SF

      Flex Space Unit For Sale

      4002 sq ft flex space with office and warehouse.
      12155 Metro Pkwy, Fort Myers, FL 33966
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      32,038 SF

      Fort Myers Flex/Industrial Space

      32,038 SF flex/industrial space available for lease.
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      2,378 SF

      Metro Parkway Industrial Office Condo

      Multi-tenant industrial office condo with built-out office space.
      12165 Metro Pkwy, Fort Myers, FL 33966
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      22,800 SF

      Metro Parkway Flex Space Opportunity

      22,800± SF flex space on Metro Parkway.
      12090 Metro Pkwy, Fort Myers, FL 33966
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    • $4,300,000

      Metro Parkway Industrial Warehouse

      22,800 SF industrial warehouse with showroom space on Metro Parkway.
      12090 Metro Pkwy, Fort Myers, FL 33966
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    • $4,300,000

      Metro Parkway Industrial Warehouse

      22,800 SF industrial warehouse with showroom space on Metro Parkway.
      12090 Metro Pkwy, Fort Myers, FL 33966
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    Similar Nearby for Lease

    • Contact for pricing

      Flex Space with Office/Warehouse

      Climate-controlled office and warehouse space in a prime location.
      10241 Metro Pkwy, Fort Myers, FL 33966
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    • $21 SF/Yr
      5,568 SF

      Fort Myers Industrial Flex Space

      Industrial flex space for lease in Fort Myers, Florida.
      12741 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      22,800 SF

      Industrial Buildings with Outdoor Storage

      Two industrial buildings totaling 22,800 SF with outdoor storage.
      12090 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing

      Mixed-Use Property Available

      Mixed-use property available for sale or lease.
      12155 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      9,000 SF

      Fort Myers Warehouse For Rent

      9,000 SF warehouse with industrial outdoor storage area.
      6100 Idlewild St, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      8,960 SF

      Industrial Warehouse Space Available

      8,960 SF industrial warehouse for sublease with parking/loading.
      11680 Metro Pkwy, Fort Myers, FL 33966
      View Details
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    Fort Myers, FL 33966
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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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