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    Sellstate Achievers Realty

    12820 Kenwood Ln, STE 1, Fort Myers, FL 33907
    (239) 985-0777
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    Size: 10+ agents

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    • Residential Multi Family
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    Listings

    For Sale (17)

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    Cape Coral Gulf Access Lot
    $169,000
    0.23 Acres

    Cape Coral Gulf Access Lot

    Gulf access lot in a desirable Cape Coral location.

    3260 Old Burnt Store Rd N, Cape Coral, FL 33993
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    Oversized Triple Lot in Cape Coral
    $70,000
    0.37 Acres

    Oversized Triple Lot in Cape Coral

    Waterfront triple lot, direct canal access, ideal for home construction.

    1100 NW 22Nd Pl, Cape Coral, FL 33993
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    Cape Coral Triple Lot
    $149,000
    0.34 Acres

    Cape Coral Triple Lot

    Spacious homesite in desirable area, close to amenities.

    1109 SW 46Th St, Cape Coral, FL 33914
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    Corner Lot in Cape Coral
    $37,000
    0.24 Acres

    Corner Lot in Cape Coral

    Corner lot in a fast-growing area of Cape Coral.

    3001 NW 42Nd Ave, Cape Coral, FL 33993
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    Buildable Lot in Iona Area
    $129,000
    0.23 Acres

    Buildable Lot in Iona Area

    Buildable 0.23-acre lot near Sanibel and Fort Myers Beach.

    7176 Vassar Dr, Fort Myers, FL 33908
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    Buildable Lot in Iona Area
    $129,000
    0.23 Acres

    Buildable Lot in Iona Area

    Buildable 0.23 acre lot near Sanibel and Fort Myers Beach.

    7144 Vassar Dr, Fort Myers, FL 33908
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    Buildable Lot in Iona Area
    $129,000
    0.23 Acres

    Buildable Lot in Iona Area

    Cleared lot near Sanibel, Fort Myers Beach, and McGregor Blvd.

    7168 Vassar Dr, Fort Myers, FL 33908
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    Vacant Lot in North Port
    Contact for pricing
    0.23 Acres

    Vacant Lot in North Port

    Residential land in a peaceful North Port neighborhood.

    005 Barnsdale Cir, North Port, FL 34288
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    Residential Lot in Lehigh Acres
    $33,500
    0.25 Acres

    Residential Lot in Lehigh Acres

    Residential lot in a growing Lehigh Acres community.

    3515 22Nd St SW, Lehigh Acres, FL 33976
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    Residential Lot in Port Charlotte
    Contact for pricing
    0.26 Acres

    Residential Lot in Port Charlotte

    Oversized corner lot near amenities and beaches in Port Charlotte.

    13244 Jura Ln, Port Charlotte, FL 33981
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    Commercial Lot Near US-41
    $749,900
    0.80 Acres

    Commercial Lot Near US-41

    Prime commercial land near US-41 and College Pkwy.

    12830 Kenwood Ln, Fort Myers, FL 33907
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    Cape Coral Canal Front Land
    $45,000
    0.23 Acres

    Cape Coral Canal Front Land

    Freshwater canal front lot in a fast-growing Cape Coral area.

    1712 NE 33Rd Ln, Cape Coral, FL 33909
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    Oversized Lot in Lehigh Acres
    $30,000
    0.30 Acres

    Oversized Lot in Lehigh Acres

    Prime land for building a dream home in Lehigh Acres.

    2515 34Th St W, Lehigh Acres, FL 33971
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    Residential Lot in North Fort Myers
    $52,500
    0.13 Acres

    Residential Lot in North Fort Myers

    Residential land in Twin Brooks Estate with western views.

    101 Imperial St, North Fort Myers, FL 33917
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    Undeveloped Land in Established Neighborhood
    $50,000

    Undeveloped Land in Established Neighborhood

    Centrally located land parcel near market and downtown Fort Myers.

    280 Kingston Dr, Fort Myers, FL 33905
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    Corner Lot in Growing Area
    $40,000

    Corner Lot in Growing Area

    Corner lot in a fast-growing area with gulf access.

    3001 Northwest 42Nd Ave, Cape Coral, FL 33993
    View details
    Lehigh Acres Land For Sale
    $33,500

    Lehigh Acres Land For Sale

    Land available in Lehigh Acres, Florida.

    3515 22Nd St SW, Lehigh Acres, FL 33976
    View details

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    Sellstate Achievers Realty
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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
    Sellstate Achievers Realty
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