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    For Sale (39)

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    Oversized Residential Land Parcel
    $45,900
    0.29 Acres

    Oversized Residential Land Parcel

    Prime residential land parcel in Cape Coral, Florida.

    4501 NW 34Th Ave, Cape Coral, FL 33993
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    Cape Coral Land with Seawall
    $127,000
    0.23 Acres

    Cape Coral Land with Seawall

    Residential land in Cape Coral with new seawall and utilities.

    110 NW 6Th St, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape
    $50,000
    0.23 Acres

    Waterfront Residential Lot in Cape

    Waterfront residential lot in northwest Cape Coral.

    416 NW 9Th St, Cape Coral, FL 33993
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    Waterfront Lot in Cape Coral
    $49,900
    0.23 Acres

    Waterfront Lot in Cape Coral

    Vacant waterfront land available in Cape Coral, Florida.

    1630 NE 23Rd Ter, Cape Coral, FL 33909
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    Residential Land in North Port
    Contact for pricing
    0.23 Acres

    Residential Land in North Port

    Land available for building a new home in North Port.

    Farirview Dr, North Port, FL 34288
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    Vacant Lot in North Port
    Contact for pricing
    0.23 Acres

    Vacant Lot in North Port

    Vacant land to build your dream home in North Port.

    Fanning St, North Port, FL 34288
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    Residential Land in North Port
    Contact for pricing
    0.23 Acres

    Residential Land in North Port

    Residential land available for building a dream home in Florida.

    Namatka Ave, North Port, FL 34288
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    Residential Lot in North Port
    Contact for pricing
    0.23 Acres

    Residential Lot in North Port

    Residential lot available for building a dream home in Florida.

    Grover Cir, North Port, FL 34288
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    Established Vietnamese Restaurant in Cape Coral
    $175,000
    8.67 Acres

    Established Vietnamese Restaurant in Cape Coral

    Profitable, turnkey Vietnamese restaurant for sale in a prime location.

    106 Hancock Bridge Pkwy W, Cape Coral, FL 33991
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    Cape Coral Vacant Lot
    $60,000
    0.23 Acres

    Cape Coral Vacant Lot

    Vacant lot in a growing Cape Coral neighborhood.

    1517 S Gator Cir, Cape Coral, FL 33909
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    Vacant Land in Lehigh Acres
    Contact for pricing
    0.36 Acres

    Vacant Land in Lehigh Acres

    Vacant land in a serene neighborhood, close to amenities.

    1882 Vintage Ave, Lehigh Acres, FL 33972
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    Lehigh Acres Vacant Land Parcel
    Contact for pricing
    0.31 Acres

    Lehigh Acres Vacant Land Parcel

    Vacant land in Lehigh Acres, Florida, ready for development.

    1989 Walcott Loop, Lehigh Acres, FL 33972
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    Cape Coral Land For Sale
    $150,000
    0.23 Acres

    Cape Coral Land For Sale

    Residential land available in established Cape Coral neighborhood.

    5006 Agualinda Blvd, Cape Coral, FL 33914
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    Waterfront Lot in Cape Coral
    $60,000
    0.34 Acres

    Waterfront Lot in Cape Coral

    Vacant residential lot with canal access for building your dream home.

    305 NW 24Th Ave, Cape Coral, FL 33993
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    Residential Triple Lot in Cape
    $100,500
    0.35 Acres

    Residential Triple Lot in Cape

    0.345-acre residential triple lot in NE Cape Coral.

    3202 Jacaranda Pkwy E, Cape Coral, FL 33909
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    Cape Coral Land Opportunity
    $100,500
    0.24 Acres

    Cape Coral Land Opportunity

    Residential lot in a rapidly growing Cape Coral area.

    929 Nelson Rd N, Cape Coral, FL 33993
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    Residential Lot in Growing Area
    $85,000
    0.23 Acres

    Residential Lot in Growing Area

    Residential lot in NE Cape Coral, ideal for custom home.

    43 NE 31St Ter, Cape Coral, FL 33909
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    Waterfront Canal Lot in Cape
    $47,999
    0.23 Acres

    Waterfront Canal Lot in Cape

    Waterfront lot perfect for building your Florida dream home.

    1019 NW 9Th Pl, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape Coral
    $59,000
    0.34 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront lot in north Cape Coral near amenities and schools.

    1734 NW 9Th Ave, Cape Coral, FL 33993
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    Cape Coral Vacant Land Opportunity
    $45,000
    0.23 Acres

    Cape Coral Vacant Land Opportunity

    Vacant lot near Crystal Lake Park development in Cape Coral.

    4213 NW 34Th Ln, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape Coral
    $68,000
    0.23 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront residential lot in northwest Cape Coral, close to amenities.

    628 NW 3Rd Ave, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape Coral
    $54,000
    0.23 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront residential lot in north Cape Coral, close to amenities.

    27 NW 19Th Ter, Cape Coral, FL 33993
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    Cape Coral Triple Lot Opportunity
    $75,000
    0.34 Acres

    Cape Coral Triple Lot Opportunity

    Oversized parcel near shopping, dining, and waterfront.

    2014 NW 7Th Ter, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape Coral
    $49,000
    0.24 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront residential lot in north Cape Coral, Florida.

    2418 NW 10Th St, Cape Coral, FL 33993
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    Lehigh Acres Land For Sale
    Contact for pricing
    0.23 Acres

    Lehigh Acres Land For Sale

    Residential land near parks, trails, and canals in Lehigh Acres.

    309 Long Ave S, Lehigh Acres, FL 33974
    View details
    Waterfront Residential Triple Lot
    $62,000
    0.34 Acres

    Waterfront Residential Triple Lot

    Waterfront residential triple lot in north Cape Coral.

    2303 NW 7Th Ave, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape Coral
    $65,000
    0.23 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront residential lot in north Cape Coral, close to amenities.

    2481 NW 9Th Ter, Cape Coral, FL 33993
    View details
    Vacant Lot in Cape Coral
    $50,000
    0.29 Acres

    Vacant Lot in Cape Coral

    Exceptional vacant lot in a rapidly developing Cape Coral neighborhood.

    3812 NW 22Nd Ter, Cape Coral, FL 33993
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    Vacant Lot in Cape Coral
    $50,000
    0.24 Acres

    Vacant Lot in Cape Coral

    Desirable vacant lot in a growing Cape Coral neighborhood.

    4226 NW 28Th St, Cape Coral, FL 33993
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    Vacant Lot in Cape Coral
    $50,000
    0.24 Acres

    Vacant Lot in Cape Coral

    Vacant lot in a growing Cape Coral neighborhood.

    4221 NW 27Th Ln, Cape Coral, FL 33993
    View details
    Waterfront Residential Lot in Cape Coral
    $49,000
    0.23 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront residential lot in north Cape Coral, Florida.

    2320 NW 25Th Ter, Cape Coral, FL 33993
    View details
    Cape Coral Commercial Land Parcel
    $50,000
    0.37 Acres

    Cape Coral Commercial Land Parcel

    Oversized .37 acre parcel zoned for professional use.

    2703 NE 22Nd Pl, Cape Coral, FL 33909
    View details
    Riverfront Lot in Gated Community
    $265,000
    1.44 Acres

    Riverfront Lot in Gated Community

    1.44 acre riverfront lot in Caloosa Preserve, Alva, FL.

    22797 Yellow Button Ln, Alva, FL 33920
    View details
    Waterfront Residential Lot in Cape
    $59,000
    0.23 Acres

    Waterfront Residential Lot in Cape

    Waterfront residential lot in north Cape Coral with southern exposure.

    400 NW 9Th St, Cape Coral, FL 33993
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    Waterfront Residential Lot in Cape Coral
    $55,000
    0.23 Acres

    Waterfront Residential Lot in Cape Coral

    Waterfront residential lot in north Cape Coral, close to amenities.

    1007 NW 9Th Pl, Cape Coral, FL 33993
    View details
    Land For Sale
    $108,000

    Land For Sale

    Land available for purchase in Port Charlotte, Florida.

    15035 Ingraham Blvd, Port Charlotte, FL 33981
    View details
    Cape Coral Land For Sale
    $100,500

    Cape Coral Land For Sale

    Land available in Cape Coral, Florida.

    929 Nelson Rd N, Cape Coral, FL 33993
    View details
    Cape Coral Land For Sale
    $55,000

    Cape Coral Land For Sale

    Land available in Cape Coral, Florida.

    1007 NW 9Th Pl, Cape Coral, FL 33993
    View details
    Vacant Land in Cape Coral
    $100,500

    Vacant Land in Cape Coral

    Land available near NE 32nd Ter in Cape Coral.

    3202 Jacaranda Pkwy E, Cape Coral, FL 33909
    View details

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    • For Sale

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    Request Owner's contact information
    Ricky Robert Pitts, PA
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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
    Ricky Robert Pitts, PA
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