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    For Sale (14)

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    Cape Coral Commercial Opportunity
    $3,000,000
    17,500 SF

    Cape Coral Commercial Opportunity

    Two-story building in downtown Cape Coral with ample parking.

    862 Lafayette St, Cape Coral, FL 33904
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    Prime Commercial Lot on Burnt
    $89,900
    0.29 Acres

    Prime Commercial Lot on Burnt

    Oversized commercial lot on a high-growth corridor.

    100 Burnt Store Rd, Cape Coral, FL 33993
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    Waterfront Lot in 55+ Community
    $108,990
    0.07 Acres

    Waterfront Lot in 55+ Community

    Vacant waterfront lot in Estero's 55+ community, ready for building.

    20781 Port Dr, Estero, FL 33928
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    Prime Commercial Land Opportunity
    $749,000
    1.84 Acres

    Prime Commercial Land Opportunity

    1.84 acre commercial land with high traffic frontage.

    2048 El Jobean Rd, Port Charlotte, FL 33948
    View details
    Cape Coral Duplex For Sale
    $450,000
    0.26 Acres

    Cape Coral Duplex For Sale

    Income-producing duplex with spacious units and private yards.

    931/933 SE 23Rd Pl, Cape Coral, FL 33990
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    Waterfront Lot in Estero, FL
    $59,500
    0.10 Acres

    Waterfront Lot in Estero, FL

    Vacant lot in 55+ boating community near Estero River.

    20791 Garden Dr, Estero, FL 33928
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    Cape Coral Income-Producing Duplex
    $399,900
    0.23 Acres

    Cape Coral Income-Producing Duplex

    Spacious duplex in Cape Coral with immediate cash flow.

    3609 SE 9Th Pl, Cape Coral, FL 33904
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    Monticello, FL Hunting Land
    $450,000
    85.26 Acres

    Monticello, FL Hunting Land

    85.26 acres in Jefferson County, FL, ideal hunting camp.

    Big Joe Rd, Monticello, FL 32344
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    North Fort Myers Land Opportunity
    $185,000
    5.06 Acres

    North Fort Myers Land Opportunity

    5+ acre land parcel in North Fort Myers, Florida.

    Ace Rd, North Fort Myers, FL 33917
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    Land in Quiet River Oaks
    $110,000
    0.23 Acres

    Land in Quiet River Oaks

    Residential land for sale in Alva, Florida's River Oaks.

    20565 Casaly Dr, Alva, FL 33920
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    Riverfront Homesite on Orange River
    $259,900
    2.40 Acres

    Riverfront Homesite on Orange River

    2.4-acre riverfront parcel in Buckingham, ready for waterfront estate.

    14221 River Rd, Fort Myers, FL 33905
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    Alva, FL Fenced Land
    $550,000
    11.00 Acres

    Alva, FL Fenced Land

    11 acre fenced land with ponds, suitable for equestrian estate.

    18030 Parkinson Rd, Alva, FL 33920
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    North Fort Myers Land Available
    $75,000
    0.62 Acres

    North Fort Myers Land Available

    Three lots totaling 175 ft frontage near US 41.

    2318 Brooklawn Dr, North Fort Myers, FL 33917
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    Half Acre Lehigh Acres Land
    Contact for pricing
    0.50 Acres

    Half Acre Lehigh Acres Land

    Half acre lot on dead-end road, short drive to Fort Myers.

    1910 Truman Ave, Lehigh Acres, FL 33972
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    For Lease (1)

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    Retail Spaces in Fort Myers
    $1,250 / Mo
    29,142 SF

    Retail Spaces in Fort Myers

    Retail spaces available at College Parkway and Kenwood Lane.

    12771 Kenwood Ln, Fort Myers, FL 33907
    View details

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    Lee Island Coast Real Estate, Inc
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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
    Lee Island Coast Real Estate, Inc
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