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    For Sale (13)

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    Sanibel Land Near Beach
    $650,000
    0.36 Acres

    Sanibel Land Near Beach

    Vacant lot near Sanibel beaches with serene lake views.

    327 Palm Lake Dr, Sanibel, FL 33957
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    Sanibel Homesite on Golf Course
    $299,999
    0.34 Acres

    Sanibel Homesite on Golf Course

    Vacant land in The Sanctuary, Sanibel, with golf course views.

    2486 Wulfert Rd, Sanibel, FL 33957
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    Gulf-Front Home on Captiva Island
    $4,900,000
    2,096 SF

    Gulf-Front Home on Captiva Island

    Redesigned 3-bedroom home with Gulf views and beach access.

    19 Bch, Captiva, FL 33924
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    Sanibel Land: Island Dream Awaits
    $280,000
    0.72 Acres

    Sanibel Land: Island Dream Awaits

    Priced below market! Design your dream home on Sanibel.

    5398 Osprey Ct, Sanibel, FL 33957
    View details
    Oversized Triple Gulf-Access Lot
    $375,000
    0.34 Acres

    Oversized Triple Gulf-Access Lot

    Prime waterfront land with new seawall in Cape Coral.

    908 NW 39Th Ave, Cape Coral, FL 33993
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    Sanibel Corner Lot with Pool
    $395,000
    0.56 Acres

    Sanibel Corner Lot with Pool

    Large corner lot with pool in Gumbo Limbo neighborhood.

    1653 Bunting Ln, Sanibel, FL 33957
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    Sanibel Land with Gulf Views
    $1,200,000
    0.49 Acres

    Sanibel Land with Gulf Views

    Rare 0.49-acre lot with Gulf views and oversized dock.

    2490 Coconut Dr, Sanibel, FL 33957
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    Gulf Access Lot in Cape Coral
    $239,000
    0.33 Acres

    Gulf Access Lot in Cape Coral

    Oversized Gulf-access lot with southern exposure in NW Cape Coral.

    4226 NW 40Th Ln, Cape Coral, FL 33993
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    Prime Commercial Space on Periwinkle
    $795,000
    0.04 Acres

    Prime Commercial Space on Periwinkle

    Commercial building with high visibility on a high-traffic island corridor.

    1025 Periwinkle Way, Sanibel, FL 33957
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    Cleared Land Near Sanibel Island
    $129,000
    0.34 Acres

    Cleared Land Near Sanibel Island

    Cleared 1/3-acre lot near beaches with no HOA restrictions.

    13460 Coral Dr, Fort Myers, FL 33908
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    Corner Lot in Fort Myers
    $119,000
    0.34 Acres

    Corner Lot in Fort Myers

    0.344-acre corner lot in Cottage Point community, Fort Myers.

    Lot Cor, Fort Myers, FL 33908
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    Vacant Lot Near Sanibel Island
    $119,000
    0.34 Acres

    Vacant Lot Near Sanibel Island

    0.34-acre vacant lot near Sanibel Island and Fort Myers Beach.

    13451 Almond Dr, Fort Myers, FL 33908
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    Cape Coral Waterfront Land Parcel
    $34,900

    Cape Coral Waterfront Land Parcel

    Southern exposure freshwater canal lot in Northeast Cape Coral.

    334 Northeast 31St Ter, Cape Coral, FL 33909
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    For Lease (2)

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    Fort Myers Commercial Space Available
    $16 SF/Yr
    19,741 SF

    Fort Myers Commercial Space Available

    Office and warehouse space with fenced yard and truck-well.

    17251 Alico Center Rd, Fort Myers, FL 33967
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    Commercial Space South of Alico
    $16 SF/Yr

    Commercial Space South of Alico

    Commercial property for rent, south of Alico Rd.

    17251 Alico Center Rd, Fort Myers, FL 33967
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    Leases and Sales on Map

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    John R Wood
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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
    John R Wood
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