Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1116 7Th Way North Fort Myers, FL 33903

    View on Map
    Sponsored
    For Sale
    $38,500

    Lots_And_Land

    Type:Single Family Residence
    Lot size:
    0.08 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 26 at 1:06 pm

    Property Features for 1116 7Th Way

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    TFC-2
    APN
    114424010000G0650
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mohammed Rasheduzzaman

    United Realty Group Inc

    Listing agent Mohammed Rasheduzzaman License #3263071

    Listing date Mar 8, 2026

    MLS# F10556266 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Established Neighborhood

    This residential lot, situated in an established residential neighborhood, presents opportunities for building a dream home or investment property. The location offers convenient access to shopping, dining, and major roads, including proximity to US Highway 41. The lot size is 0.08 acres. All utilities are located close to the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8818267
    Latitude
    26.6647227

    Nearby Similar for Sale

    • $1,699,000
      7,816 SF

      Modern Medical Office Spaces Available

      Remodeled medical office spaces with customizable layouts in North Fort Myers.
      68 Pondella Rd, North Fort Myers, FL 33903
      View Details
    • $559,000
      3,634 SF

      Spacious Duplex with Pool and Upgrades

      Unique duplex ideal for living and generating rental income.
      5879 Littlestone Ct, North Fort Myers, FL 33903
      View Details
    • $1,350,000
      3,460 SF

      Restaurant on US 41 Available

      Freestanding restaurant with drive-thru and high visibility on US 41.
      1130 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • $1,400,000
      0.50 Acres

      Remodeled Freestanding Building on Bayshore

      Remodeled office building with high visibility and ample parking.
      6350 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $350,000
      0.24 Acres

      Updated Duplex in North Fort Myers

      Updated duplex ideal for investment or multi-generational living.
      51-55 Lake St, North Fort Myers, FL 33903
      View Details
    • $1,350,000
      Pending

      Multi-Bay Industrial Investment Opportunity

      Five-bay industrial warehouse in North Fort Myers with income streams.
      7521 Aluminum Rd, North Fort Myers, FL 33903
      View Details
    • $1,750,000
      0.83 Acres

      North Fort Myers Commercial Building

      8,126 sq ft commercial building on 0.83 acres.
      1357 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • $2,400,000
      50.00 Acres

      Equestrian Property with Large Home

      50+ acre equestrian estate with home, barns, and lake.
      20371 Williams Dr, North Fort Myers, FL 33917
      View Details
    • $45,000
      0.05 Acres

      RV Lot in 55+ Community

      Deeded RV lot in North Fort Myers 55+ community.
      25 La Fonda Ln, North Fort Myers, FL 33903
      View Details
    • $59,000
      0.05 Acres

      RV Lot in 55+ Community

      Deeded RV lot with shed in North Fort Myers.
      243 Caravan Cir, North Fort Myers, FL 33903
      View Details
    • $259,990
      0.13 Acres

      Updated Duplex in North Fort Myers

      Renovated duplex with modern amenities, ideal for investors or homeowners.
      25 Cypress St, North Fort Myers, FL 33903
      View Details
    • $99,900
      0.13 Acres

      Water Access Lot in 55+ Community

      55+ community with Gulf access, marina, and many amenities.
      14665 Paul Revere Loop, North Fort Myers, FL 33917
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near city center, ideal for building or investment.
    Where is this residential land & home lot located?
    The property is located at 1116 7Th Way North Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $38,500.
    What are key features of this property?
    This property features: - Great residential neighborhood location; - Perfect for building a dream home or investment property; - Close to shopping and dining
    (954) 450-2000
    Request Owner's contact information
    1116 7Th Way North Fort Myers, FL 33903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1116 7Th Way
    North Fort Myers, FL 33903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1116 7Th Way North Fort Myers, FL 33903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mohammed Rasheduzzaman
    Real Estate License ID: 3263071
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!