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    For Sale (17)

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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.50 Acres

    Residential Lot in Lehigh Acres

    Vacant residential lot in a growing, desirable Lehigh Acres area.

    1709 Hines Ave, Lehigh Acres, FL 33972
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    Residential Lot in Port Charlotte
    Contact for pricing
    0.23 Acres

    Residential Lot in Port Charlotte

    Residential lot in Flood Zone X, close to Shirley Park.

    18103 Shirley Ave, Port Charlotte, FL 33948
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    Prime Land in Estero, FL
    $1,750,000
    18.33 Acres

    Prime Land in Estero, FL

    18.33 acres in Estero's growth corridor, ideal for development.

    20601 Estero Pines Rd, Estero, FL 33928
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    Bonita Springs Waterfront Double Lot
    $1,650,000
    0.41 Acres

    Bonita Springs Waterfront Double Lot

    Vacant double lot with canal frontage and existing dock.

    4830 Gary Rd, Bonita Springs, FL 34134
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    Lehigh Acres Duplex Investment
    $369,000
    0.29 Acres

    Lehigh Acres Duplex Investment

    Duplex in Lehigh Acres with new roof and landscaping.

    2908 Martin Ave S, Lehigh Acres, FL 33973
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    Land in Lehigh Acres, FL
    Contact for pricing
    0.29 Acres

    Land in Lehigh Acres, FL

    Residential land for sale in a rapidly developing area.

    927 Marilyn Ave S, Lehigh Acres, FL 33974
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    Vacant Lot in Punta Gorda
    $34,900
    0.22 Acres

    Vacant Lot in Punta Gorda

    Spacious vacant lot for a dream home or investment.

    17525 Lockhart Ct, Punta Gorda, FL 33955
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    Lehigh Acres Land Opportunity
    Contact for pricing
    0.23 Acres

    Lehigh Acres Land Opportunity

    Quiet lot in Lehigh Acres, ideal for building or investment.

    634 Wabasso Ave S, Lehigh Acres, FL 33974
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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.23 Acres

    Residential Lot in Lehigh Acres

    Spacious lot for building a dream home in Lehigh Acres.

    1017 Macy St E, Lehigh Acres, FL 33974
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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.25 Acres

    Residential Lot in Lehigh Acres

    Vacant residential lot in a growing Lehigh Acres community.

    2908 54Th St W, Lehigh Acres, FL 33971
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    Waterfront Land on Fort Myers Beach
    $1,499,000
    0.30 Acres

    Waterfront Land on Fort Myers Beach

    Direct Gulf access lot near the beach.

    710 Matanzas Ct, Fort Myers Beach, FL 33931
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    Lehigh Acres Land Bundle
    $45,000
    0.30 Acres

    Lehigh Acres Land Bundle

    Three contiguous lots in Lehigh Acres, Florida, for sale.

    579 Glendale Ave, Lehigh Acres, FL 33936
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    Double Lot in Naples Park
    $1,150,000
    0.31 Acres

    Double Lot in Naples Park

    Rare double lot in prime North Naples location.

    713 109Th Ave N, Naples, FL 34108
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    Gulf Access Island Opportunity
    $549,000
    0.15 Acres

    Gulf Access Island Opportunity

    Buildable lot across from the Gulf with community perks.

    118 Mandalay Rd, Fort Myers Beach, FL 33931
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    Commercial Property on N 40th Street
    $299,000

    Commercial Property on N 40th Street

    Commercial property for sale located on a main commercial corridor.

    5708 N 40Th St, Tampa, FL 33610
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    Tampa Commercial Land For Sale
    $299,000

    Tampa Commercial Land For Sale

    Prime commercial land in central Tampa with high visibility.

    5708 N 40Th St, Tampa, FL 33610
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    Lehigh Acres Duplex Investment Opportunity
    Contact for pricing

    Lehigh Acres Duplex Investment Opportunity

    Duplex in Lehigh Acres with new roof and septic.

    2908 Martin Ave S, Lehigh Acres, FL 33973
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    Keller Williams 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
    Keller Williams LLC
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