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    16221 Lee Rd Fort Myers, FL 33912
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    16221 Lee Rd, Fort Myers, FL 33912

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    • Flex space
    • 1,250 SF
    For Lease
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    New Flex Suites For Lease For Lease
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    1,250 SF

    New Flex Suites For Lease

    New commercial flex development in West Fort Myers, delivery February 2025.

    16221 Lee Rd, Fort Myers, FL 33912
    View Listing
    Property ID
    US18-5720623
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 16221 Lee Rd

    Year built
    2025
    Property type
    Flex space
    Property subtype
    Manufacturing properties

    Description

    Meridian Flex Suites! **Maximize Your Business Potential with Meridian Flex Suites – *Special Financing Available!*** Tired of cramped warehouses and inefficient operations? Escape the limitations of traditional storage with Meridian Flex Suites, offering flexible, high-quality warehouse space designed to boost your business productivity. And now, owning your ideal space is more attainable than ever with our special developer financing! **Unleash Your Business Potential with Unbeatable Financing Options:** Take advantage of our limited-time financing offer with no bank fees, points, prepayment penalties, or appraisal fees! Choose from flexible programs with low down payments and competitive interest rates, making it easier than ever to invest in your business's future. Contact us today to learn more about how our special financing can help you secure your Meridian Flex Suite. **Expansive Units Designed for Your Success:** * Meticulously finished, 1,250 sq ft units provide ample space for inventory storage, equipment, and even light manufacturing, or combine spaces for 2,500, 3,750 or 5,000 square feet or more. **Built for Business:** * **Robust Construction:** Engineered to withstand Florida's elements with high-quality concrete block and steel. * **Enhanced Security:** Impact-resistant windows and doors safeguard your valuable assets. * **Efficient Operations:** 14' x 14' electric roll-up doors for easy loading and unloading. * **Versatile Space:** Industrial Vanilla Shell allows for customization to suit your specific business needs. * **Peace of Mind:** Fire alarm and suppression system for added safety and security. * **Employee Convenience:** ADA-compliant bathroom for on-site employee use. * **Cost-Effective:** Energy-efficient LED lighting to reduce operating expenses. **Prime Location, Unmatched Convenience:** Strategically located near Lee Rd and I-75 in Fort Myers, Meridian Suites offers unparalleled access for businesses in Southwest Florida. Don't miss out on this exceptional opportunity to enhance your business operations *and take advantage of our special financing*! #FortMyersFlexSpace #IndustrialProperty #CommercialRealEstate #FlexWarehouse #BusinessSpace #WarehouseSpace #SouthwestFlorida #BusinessGrowth #Logistics #Distribution #Manufacturing

    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
    -81.8123899
    Latitude
    26.5003498

    Comparable in this City

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      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
      19,800 SF

      Versatile Commercial Building in Fort Myers

      C-1 zoned property ideal for various commercial uses.
      2130 Andrea Ln, Fort Myers, FL 33912
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      Fort Myers Flex Space Suites

      Class-A industrial flex spaces for sale or lease.
      16101 Lee Rd, Fort Myers, FL 33912
      View Details
    • $650,000

      Industrial Flex Condominium in Alico

      Functional office/warehouse layout in a desirable business park.
      8801 Business Park Dr, Fort Myers, FL 33912
      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.
      8801 Business Park Dr, Fort Myers, FL 33912
      View Details
    • $3,350,000
      19,800 SF

      Versatile Commercial Building in Fort Myers

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

      Fort Myers Flex Space Suites

      Class-A industrial flex spaces for sale or lease.
      16101 Lee Rd, Fort Myers, FL 33912
      View Details
    • $650,000

      Industrial Flex Condominium in Alico

      Functional office/warehouse layout in a desirable business park.
      8801 Business Park Dr, Fort Myers, FL 33912
      View Details

    Similar Nearby for Lease

    • 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
    • $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

      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
    • Contact for pricing

      Versatile Office/Warehouse on Large Site

      5,100 SF office/warehouse on 2.5 acres, ideal for industrial uses.
      7050 Pennsylvania St, 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
    • Contact for pricing

      Industrial Warehouse with Outdoor Storage

      Industrial warehouse with mezzanine, covered workspace, and fenced storage.
      16751 Old Us 41, Fort Myers, FL 33912
      View Details
    View Listing
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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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