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

    2321 Leroy Avenue Alva, FL 33920

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Alva, FL

    Lot size:
    0.50 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    392
    Last Refresh:
    Apr 28 at 3:06 am

    Property Features for 2321 Leroy Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    01-44-27-L1-12047.0230
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LEHIGH ACRES UNIT 12 BLK 47 DB 254 PG 100 LOT 23.
    Tax Annual Amount
    432

    We can help!

    Listing Contact
    Yanicet Garrido

    Listing agent Yanicet Garrido License #258031064

    Listing office Keller Williams Realty Fort Myers and the Islands 12840 University Dr, Fort Myers, FL

    Listing date Apr 2, 2025

    MLS# 225034167 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land in Alva, FL

    This property is a waterfront lot located in Alva, Florida. The lot is situated at the end of a quiet, dead-end road, offering a sense of privacy. A peaceful canal enhances the beauty of the backyard. The lot size is 0.5001 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Department Store Kitchen & Bath Showroom Garden Center Furniture & Home Goods Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Alva
    County
    Lee
    State
    Florida
    Longitude
    -81.579933
    Latitude
    26.686966

    Nearby Similar for Sale

    • $595,000

      Alva Land: Private Protected Acres

      5.5+ acres in Alva, perfect for a private retreat.
      3751 Bateman Road, Alva, FL 33920
      View Details
    • $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
    • $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
    • $399,900

      Land on Highway 80

      Almost 2 acres with 507 feet on Highway 80.
      23070 Palm Beach Boulevard, Alva, FL 33920
      View Details
    • $7,750,000

      Alva Equestrian Facility on 20+ Acres

      Equestrian facility with homes, barn, arena, paddocks, and storage.
      21571 N River Rd lot: 2, 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
    • $696,000

      58 Acres of Agricultural Land

      58 acres of agricultural land for sale in Alva, Florida.
      N RIVER RD, 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
    • $20,500

      Cleared Lot in Growing Area

      Cleared lot near golf, shopping, dining, and airports.
      2015 Jackson Avenue, Alva, FL 33920
      View Details
    • $22,000

      Residential Lot in Growing Area

      Cleared lot near amenities, ideal for homeowners and investors.
      2208 Wyandotte Avenue, Alva, FL 33920
      View Details
    • $299,000

      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
    • $19,500

      Residential Land in Growing Community

      Residential land perfect for building a custom single-family home.
      2403 Jetridge Street, Alva, FL 33920
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot on a quiet, dead-end road.
    Where is this waterfront land located?
    The property is located at 2321 Leroy Avenue Alva, FL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Exceptional lot on a private lot at the end of a quiet, dead‑end road.; Peaceful canal in the backyard.; Serene and natural surroundings.
    (239) 666-5040
    We can help!
    Listing Contact
    Yanicet Garrido
    Real Estate License ID: 258031064
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!