Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11220 Metro Pkwy Fort Myers, FL 33966-1264
    Back to Search
    Property profile & analytics

    11220 Metro Pkwy, Fort Myers, FL 33966-1264

    View on Map
    • Industrial properties
    • 36,225 SF
    • 2.81 lot acres
    Off-Market
    Property ID
    US18-3144804
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,345,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Earth Friendly Technology llc / Electrical Service
    • General Air & Plumbing / Hardware & Home Improvement / HVAC Service
    • Mercury Printing / Marketing & Advertising / Printing Service
    • Coharbor Plumbing / Plumbing Service / General Contractor
    • Magic T-Shirts / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 11220 Metro Pkwy

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    2.81 lot acres
    Zone code
    IL
    Property type
    Industrial properties
    APN
    07-45-25-00-00006.0020
    APU
    7452500000060020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 26, 2018 $100 Metro Commerce North LLC Vsmgmt LP Quit Claim Deed · related —
    Jan 15, 2004 — Velma L Seitz Seitz,allen V Quit Claim Deed · related —

    Description

    The Metro Commerce Center, located at 11220-11270 Metro Parkway, Fort Myers, FL 33966 (cross streets: Danley Drive), offers a diverse range of flexible and traditional office spaces within a 68,000 square foot building. This multi-tenant property, built in 1986 and zoned IPD in Lee County, provides a variety of configurations to suit various business needs. Currently, one 2,000 square foot space is immediately available. The property's location in the desirable Metro Parkway Corridor ensures convenient access to major transportation routes and amenities. The building is professionally managed and units are move-in ready, minimizing setup time and maximizing operational efficiency. The property's flexible zoning allows for a wide range of uses, making it an ideal choice for businesses seeking adaptable and functional workspace. This prime location in Fort Myers offers a blend of convenience and accessibility, making it an attractive option for businesses of all sizes. The building's substantial size and multiple tenancy options provide a dynamic and thriving business environment. Interested parties are encouraged to inquire about available space and lease terms.

    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
    -81.8541
    Latitude
    26.5795
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,553
    $559,123
    $2,098,149
    $2,657,272
    -
    $559,123
    $2,098,149
    $2,657,272

    Comparable in this City

    • Value Estimation
      $4,075,000
      46,037 SF

      10650 Metro Pkwy

      INDUSTRIAL (GENERAL)
      10650 Metro Pkwy, Fort Myers, FL 33966-1187
      View Details
    • Value Estimation
      $1,700,000
      12,480 SF

      12451 Metro Pkwy

      INDUSTRIAL (GENERAL)
      12451 Metro Pkwy, Fort Myers, FL 33966-8317
      View Details
    • Value Estimation by Request
      25,550 SF

      6193 Idlewild St

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

      11000 Metro Pkwy

      Flex space
      11000 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Value Estimation
      $645,000
      7,200 SF

      12360 Crystal Commerce Loop

      INDUSTRIAL (GENERAL)
      12360 Crystal Commerce Loop, Fort Myers, FL 33966-1281
      View Details
    • Value Estimation by Request
      2.76 Acres

      6180 Pne Pkwy

      Land
      6180 Pne Pkwy, Fort Myers, FL 33966
      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
      View Details
    • Contact for pricing
      32,038 SF

      Fort Myers Flex/Industrial Space

      32,038 SF flex/industrial space available for lease.
      12180 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      22,800 SF

      Industrial Showroom/Warehouse on Metro Parkway

      22,800 SF industrial showroom/warehouse with frontage on Metro Parkway.
      12090 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • $1,399,000
      3.82 Acres

      Fort Myers Commercial Land Parcel

      Raw land near offices, residential, retail, and multifamily properties.
      10581 Ben C Pratt/6 Mile Cypress Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      30,884 SF

      Warehouse/Office Building on Metro Parkway

      30,884 +/- sq ft warehouse/office building, ideal for owner-occupant.
      12501 Metro Pkwy, Fort Myers, FL 33966
      View Details

    Similar Nearby for Lease

    • 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

      Industrial Space in Metro Corridor

      51,194 SF space in Fort Myers' Metro Industrial Corridor.
      11819 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • 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
      View Details
    • Contact for pricing
      23,500 SF

      Warehouse with Showroom and Office

      23,500 SF warehouse with showroom and office space for rent.
      13080 Metro Pkwy, Fort Myers, FL 33966
      View Details
    • Contact for pricing
      10,000 SF

      Secured Industrial Site For Rent

      Industrial property with outdoor storage and secured, fenced perimeter.
      6110 Idlewild St, Fort Myers, FL 33966
      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.
    11220 Metro Pkwy
    Fort Myers, FL 33966-1264
    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
    11220 Metro Pkwy, Fort Myers, FL, 33966
    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!