Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Homesite in Alva, Florida Title is generated by Realmo AI

    2004 WELLS Ave lot 10, Alva, FL 33920

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - ALVA, FL

    Lot size:
    0.50 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    77
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 2004 WELLS Ave lot 10

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-1
    Vegetation
    Brush
    Standard status
    Active
    APN
    01-44-27-L3-02008.0100
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LEHIGH ACRES UNIT 2 BLK.8 DB 254 PG 100 LOT 10
    Tax Annual Amount
    474

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Mary Snavely

    Listing agent Mary Snavely

    Listing office Keller Williams Realty Naples 7955 Airport Pulling Rd Ste104, Naples, FL

    Listing date Mar 16, 2026

    MLS# 226011442 Listing URL

    Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.5‑acre homesite offering space for a custom home.
    • No HOA and no deed restrictions, providing design freedom.
    • Not located in a flood zone.
    • Peaceful setting surrounded by natural Florida landscape and mature trees.
    • Convenient driving distance to Fort Myers and Lehigh Acres.
    • Close proximity to the Caloosahatchee River for recreation.

    Overview

    This 0.5-acre homesite is located in Alva, Florida, surrounded by natural Florida landscape and mature trees, offering a peaceful setting with space to build a custom home and enjoy the privacy of country living. The property has no HOA, no deed restrictions, and is not located in a flood zone, providing freedom to design the home and outdoor lifestyle. This property presents an opportunity to own a piece of Florida's growing market, whether planning to build now or invest for the future. It is conveniently located within driving distance of Fort Myers and nearby Lehigh Acres, and close to the Caloosahatchee River for boating, fishing, and outdoor recreation. The zoning is RS-1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Department Store Kitchen & Bath Showroom Garden Center Plumbing Service Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Alva
    County
    Lee
    State
    Florida
    Longitude
    -81.57176
    Latitude
    26.6737879

    Nearby Similar for Sale

    • $199,000

      Waterfront Acreage in Gated Community

      1.42 acre waterfront lot ready for building in Alva.
      1993 Buford Street, Alva, FL 33920
      View Details
    • $399,900

      Land on Highway 80

      Almost 2 acres with 507 feet on Highway 80.
      23070 Palm Beach Boulevard, Alva, FL 33920
      View Details
    • $129,500

      Lakefront Lot in Gated Community

      2.01-acre lakefront lot in Alva, Florida's Caloosa Preserve.
      22820 Yellow Button Lane, Alva, FL 33920
      View Details
    • $189,990

      Spacious Homesite Near Caloosahatchee River

      1.44-acre homesite to build your dream home.
      18151 Riverchase Court, Alva, FL 33920
      View Details
    • $299,000
      2,715 SF

      Riverfront Lot with Approved Plans

      Riverfront lot with plans for a 2,715 SF home.
      18011 Riverchase Ct lot: 56, ALVA, FL 33920
      View Details
    • $7,750,000

      Alva Equestrian Facility on 20+ Acres

      Equestrian facility with homes, barn, arena, and storage.
      21571 N River Rd lot: 2, ALVA, FL 33920
      View Details
    • $525,000

      Alva Land: Private, Protected Acres

      5.5+ acres in Alva, perfect for a private retreat.
      3751 Bateman Road, Alva, FL 33920
      View Details
    • $26,500

      Residential Land in Growing Community

      Vacant land in Alva, FL, with investment potential.
      4007 E 23rd Street, Alva, FL 33920
      View Details
    • $59,900

      Commercial Lot on Joel Blvd

      Commercial lot available on busy Joel Blvd in Alva, Florida.
      2249 Joel Blvd lot: 14, ALVA, FL 33920
      View Details
    • $750,000

      Palm Beach Blvd Commercial Land

      2.09± acres of CPD-zoned land with direct frontage.
      16401 Palm Beach Blvd, Alva, FL 33920
      View Details
    • $125,000

      Waterfront Land in River Oaks

      Direct access to Caloosahatchee River, ideal for boating.
      2211 Safe Harbour Court, Alva, FL 33920
      View Details
    • $314,000

      Riverfront Lot in Boating Community

      Oversized, build-ready riverfront lot in Alva's premier boating community.
      16520 Oakview Circle, Alva, FL 33920
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.5-acre homesite in Alva, Florida, perfect for custom home.
    Where is this residential land & home lot located?
    The property is located at 2004 WELLS Ave lot 10 Alva, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 0.5‑acre homesite offering space for a custom home.; No HOA and no deed restrictions, providing design freedom.; Not located in a flood zone.
    (651) 324-0771
    We can help!
    Listing Contact
    Mary Snavely
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2004 WELLS Ave lot: 10, ALVA, FL 33920
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!