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    Waterfront Lot in Fort Myers
    $348,900
    0.20 Acres

    Waterfront Lot in Fort Myers

    Canal-front lot ready for your dream home.

    6309 Park Rd, Fort Myers, FL 33908
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    Vacant 5-Acre Lot, Naples
    $279,000
    5.00 Acres

    Vacant 5-Acre Lot, Naples

    Large vacant lot in a rapidly growing Naples area.

    18Th Ave SE, Naples, FL 34117
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    Waterfront Land with Gulf Access
    $599,999
    0.23 Acres

    Waterfront Land with Gulf Access

    Rare double lot with immediate Gulf access on Imperial River.

    27555 Big Bend Rd, Bonita Springs, FL 34134
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    Waterfront Homesite in Royal Harbor
    $3,900,000
    0.22 Acres

    Waterfront Homesite in Royal Harbor

    Prime waterfront land with Gulf access in Naples, Florida.

    1510 Mullet Ln, Naples, FL 34102
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    Corner Lot in Fort Myers
    Contact for pricing
    0.28 Acres

    Corner Lot in Fort Myers

    Corner lot, seller financing available for new home construction.

    1273 Songbird St, Fort Myers, FL 33913
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    Residential Land in Fort Myers
    $45,000
    0.23 Acres

    Residential Land in Fort Myers

    Land available for building a dream home in Fort Myers.

    1210 Belgrave St, Fort Myers, FL 33913
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    2.73-Acre Treed Lot in Naples
    $75,000
    2.73 Acres

    2.73-Acre Treed Lot in Naples

    Spacious treed lot for custom home with no HOA.

    28Th Ave SE, Naples, FL 34117
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    Rare Double Lot in Naples
    $949,000
    0.28 Acres

    Rare Double Lot in Naples

    Cleared double lot in Naples Park, close to beaches.

    741 95Th Ave N, Naples, FL 34108
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    Residential Corner Lot in Alva
    $120,000
    0.60 Acres

    Residential Corner Lot in Alva

    0.60-acre corner lot in a thriving residential neighborhood.

    1771 W Court Pl, Alva, FL 33920
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    Residential Land in Lehigh Acres
    Contact for pricing
    0.50 Acres

    Residential Land in Lehigh Acres

    Half-acre residential lot near Homestead Rd N and Lee Blvd.

    1409 Monroe Ave, Lehigh Acres, FL 33972
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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.50 Acres

    Residential Lot in Lehigh Acres

    Half-acre lot, ideal for building a dream home.

    1316 Irving Ave, Lehigh Acres, FL 33972
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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.50 Acres

    Residential Lot in Lehigh Acres

    Vacant 0.5 acre residential lot ready for development.

    704 Abbott Ave, Lehigh Acres, FL 33972
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    Retail Space in Meridian Development
    Contact for pricing
    24,617 SF

    Retail Space in Meridian Development

    Retail space available in a new mixed-use Meridian development.

    1041 West Chinden Blvd, Meridian, ID 83646
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    Prime Commercial Land I-95 Frontage
    $8,900,000

    Prime Commercial Land I-95 Frontage

    7-acre commercial land parcel with I-95 and highway access.

    8251 Windover Way, Titusville, FL 32780
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    Vacant Land For Sale
    Contact for pricing

    Vacant Land For Sale

    Vacant land available in Fort Myers, Florida.

    1273 Songbird St, Fort Myers, FL 33913
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    Land For Sale
    $348,900

    Land For Sale

    Land available for sale on Park Road, Fort Myers, FL.

    6309 Park Rd, Fort Myers, FL 33908
    View details

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    COLDWELL BANKER Residential Real Estate, LLC
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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
    COLDWELL BANKER Residential Real Estate, LLC
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