Overview
Closing Costs Calculator- Status: Active
- Parking No info
- Size: No info
- Price Per: No info/No info
- Type: Commercial/Investment
- Built: 2022
- HOA: No info
- MLS Number: 224086054
- View No info
- On Site: 59 days
- Updated: 13 Days Ago
- Page Views: 1
Investment Opportunity: Value-Add Flex Space in Fort Myers FL 16350 Innovation Lane Fort Myers FL 33913 This 20,666 square foot flex-style warehouse offers a unique value-add investment opportunity. Currently configured for eight individual units, only 50% of the space is leased, providing a chance to increase income through additional leasing. Property Details: • Total Size: 20,666 square feet • Current Occupancy: 50% leased • Lease Terms: 10,333 square feet leased at $13,241.66 per month ($158,899.92 annually) • Vacant Space: 10,333 square feet, divisible into four units of 2,583 square feet each • Potential Rental Income: Lease vacant units at $19.00 per square foot for a total of $196,308 annually. Financial Projections: • Base Price: $5,300,000 ($256.46 PSF) • Improvement Costs (for four separate units): $300,000 • Total Investment: $5,600,000 • Projected Total Income: $355,207 • Cap Rate: 6.7% • Estimated Gross Income in 2027: $400,000 • Estimated Cap Rate (post-improvements): 7.45%
Contact AdvisorPrice History
Date | Event | Price | Change Rate | Price Per |
---|---|---|---|---|
12/10/2024 | Price Reduced | $5,299,950.00 | 1.9% | $256.46 ft2/$2,760.49 m2 |
10/25/2024 | Listed | $5,399,950.00 | $261.30 ft2/$2,812.57 m2 |
Features
Property Details for 16350 Innovation, Fort Myers, FL 33913
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- Exterior and Lot Features
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- Building and Construction
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- Construction Type: No info
- Year Built: 2022
- Waterfront and Water Access
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- School Information
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- Other Property Info
- Community Name: No info
- Subdivision Name: No info
- Property Type: Commercial/Investment
- Property Subtype: Commercial
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 10/25/2024
- Brokered By: Bartley Realty LLLP
- Legal Description: INNOVATION AT ITEC K LAND CONDO AS DESC IN INSTRUMENT 2022000260861 BUILDING A
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $7,810.00
- Type of building: No info
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- Occupancy Percentage: No info
- Property Type Description: No info
- Parking Description: No info
- Parking Spaces: No info
- Number of Units: No info
- Number of Floors: 1
- Number of Stories: No info
- Zoning Information: No info
- Total Acreage: 0.47
- Acreage Description: No info