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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16200 Ben Hill Griffin Pkwy Fort Myers, FL 33913

    • Life science properties
    • 2,190,684 SF
    • 274.20 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2572031
    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.

    Current Use by Public Records

    • Life science properties

    Property Details for 16200 Ben Hill Griffin Pkwy

    Year built
    2024
    Lot size
    274.20 lot acres
    Property size
    2,190,684 SF
    Property type
    Life science properties
    Property subtype
    Manufacturing properties

    Description

    Gulf Landing Logistics Center, a premier 2,190,684-square-foot industrial park in Fort Myers, Florida, offers an unparalleled opportunity for businesses seeking a strategic location in Southwest Florida. This expansive development, situated on 274.2 acres in Lee County, comprises 14 single-story buildings, providing a diverse range of spaces to accommodate various needs. The property features a flexible design catering to a variety of users, including warehouse, distribution, manufacturing, R&D, and traditional office tenants. Multiple tenancy options are available, with ample parking for 1,897 vehicles. Built in 2024, the center boasts an exceptional location at the entrance to Southwest Florida International Airport, with direct I-75 frontage, ensuring optimal visibility and convenient access to major transportation arteries. Its proximity to Alico Road and Terminal Access Road provides easy access to numerous amenities, including the nearby Gulf Coast Town Center, a vibrant shopping and entertainment destination. The MPD zoning allows for a wide range of industrial and commercial uses. Build-to-suit options are also available to meet specific business requirements. This development represents one of the largest commercial and logistics developments in Southwest Florida, offering a unique blend of functionality, accessibility, and prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.7891986
    Latitude
    26.5085791

    Comparable in this City

    • $19 SF/Yr
      80,000 SF

      Airport Haul Road Business Park

      Modern Flex Space, Fort Myers, FL
      12210 Itec Haul Dr, Lehigh Acres, FL 33913
      View Details
    • $12 SF/Yr
      105,290 SF

      Fort Myers Industrial Warehouse Space

      High-quality warehouse, 36,728 SF available
      16260 Airport Park Dr, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      380,000 SF

      Modern Logistics Park Near Airport

      New industrial park with modern facilities near major transportation.
      16517-16523 Airport Haul Rd, Fort Myers, FL 33913
      View Details
    • $14 SF/Yr
      38,000 SF

      Fort Myers Warehouse Space Available

      Modern warehouse, flexible space, prime location.
      12601 Corporate Lakes Dr, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      2,190,681 SF

      Southwest Florida Logistics Center

      2.2 million SF industrial park near Southwest Florida Airport.
      16200 Ben Hill Griffin Pkwy, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      320,922 SF

      Industrial Park Under Construction

      2.2 million SF industrial park coming soon to Fort Myers.
      9791 Interstate Commerce Dr, Fort Myers, FL 33913
      View Details

    Similar Nearby for Sale

    • $472,500
      1,500 SF

      Airport Haul Rd Business Park

      Fort Myers flex space, immediate occupancy
      12210 Itec Haul Dr, Lehigh Acres, FL 33913
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    • $13,613,600
      41,888 SF

      Fort Myers Class A Warehouse

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      46,080 SF

      Flex Condo Units For Sale

      Flex condo units with overhead doors and high ceilings.
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    • $495,000
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      Flex Condo Near Airport

      Flex condo for sale near Southwest Florida International Airport.
      12821 Commerce Lakes Dr, Fort Myers, FL 33913
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    • $474,000

      Luxury Storage Condominiums Under Construction

      Upscale, climate-controlled, garage-style storage condominiums for sale.
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    • $399,950

      Hurricane-Ready Storage Suites Available

      Premium storage suites with climate control and high security.
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    Similar Nearby for Lease

    • $19 SF/Yr
      80,000 SF

      Airport Haul Road Business Park

      Modern Flex Space, Fort Myers, FL
      12210 Itec Haul Dr, Lehigh Acres, FL 33913
      View Details
    • $12 SF/Yr
      105,290 SF

      Fort Myers Industrial Warehouse Space

      High-quality warehouse, 36,728 SF available
      16260 Airport Park Dr, Fort Myers, FL 33913
      View Details
    • $14 SF/Yr
      38,000 SF

      Fort Myers Warehouse Space Available

      Modern warehouse, flexible space, prime location.
      12601 Corporate Lakes Dr, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      380,000 SF

      Modern Logistics Park Near Airport

      New industrial park with modern facilities near major transportation.
      16517-16523 Airport Haul Rd, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      2,190,681 SF

      Southwest Florida Logistics Center

      2.2 million SF industrial park near Southwest Florida Airport.
      16200 Ben Hill Griffin Pkwy, Fort Myers, FL 33913
      View Details
    • Contact for pricing
      320,922 SF

      Industrial Park Under Construction

      2.2 million SF industrial park coming soon to Fort Myers.
      9791 Interstate Commerce Dr, Fort Myers, FL 33913
      View Details
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    Fort Myers, FL 33913
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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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