Sign Up Successful!
You now have access to more from Realmo!
    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

    2831 Oleander St St James City, FL 33956

    Sponsored
    Picture of Commercial land at Oleander St 2831, St James City, FL
    For Sale
    $695,000

    COMMERCIAL - St James City, FL

    Lot size:
    0.50 Acres
    Days on Market:
    237
    Last Refresh:
    Feb 2 at 12:06 pm

    Property Features for 2831 Oleander St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    02-46-22-02-0000E.0170
    Lot size
    0.50 Acres

    Utilities

    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    We can help!

    Listing Contact
    Daniel Read

    Land Brokers Inc (239) 542-0002

    Listing agent Daniel Read (239) 225-3182 License #252000685

    Listing date Jun 11, 2025

    MLS# 222055060

    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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Commercial Land Opportunity

    This commercial waterfront property offers a rare opportunity for investors or users. Situated on a barrier island in St. James City, Florida, the site comprises four lots totaling approximately 0.5 acres or 25,000 square feet. The property features over 120 feet of water frontage and direct access. It is suitable for either residential or commercial development. City water is available, and sewer access is located across the street. The site consists of four buildable lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Nail Salon Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    St James City
    County
    Lee
    State
    Florida
    Longitude
    -82.08212
    Latitude
    26.501364

    Nearby Similar for Sale

    • $699,000
      0.18 Acres

      Waterfront Duplex in St James

      Remodeled waterfront duplex with Gulf access, new roof and seawall.
      3201/3203 Stabile Rd, St James City, FL 33956
      View Details
    • $45,000
      0.09 Acres

      St James City Land For Sale

      Land in 55+ community with amenities and Gulf access.
      4995 Gulfgate Ln, St James City, FL 33956
      View Details
    • $1,750,000
      0.44 Acres

      Waterfront Apartment Building with Rental Income

      Stunning 8-unit apartment building with waterfront access and flexible leasing.
      3226 Stringfellow Rd, St James City, FL 33956
      View Details
    • $375,000
      4,103 SF

      Waterfront Lot with Gulf Access

      Direct Gulf-access lot with boat lifts and plunge pool.
      3783 Cherry Ln, St James City, FL 33956
      View Details
    • $3,000,000
      51.02 Acres

      51+ Acres with Warehouse/Office

      Upland and mangrove acreage with buildings in St James City.
      9703 Stringfellow Rd, St James City, FL 33956
      View Details
    • $419,000
      0.23 Acres

      Waterfront Property Ready for Remodel

      Remodel-ready waterfront property with approved permits and boat lifts.
      2560 Baybreeze St, St James City, FL 33956
      View Details
    • $48,900

      Established Salon in Winn Dixie Center

      Well-established beauty salon in a convenient location.
      9848 Stringfellow Rd, St James City, FL 33956
      View Details
    • $199,900
      0.09 Acres

      Waterfront Lot with Direct Access

      Direct access waterfront lot with utilities and sailboat access.
      3812 Blueberry Ln, St James City, FL 33956
      View Details
    • $79,990
      0.11 Acres

      Land in 55+ Community

      Land in a 55+ mobile home community with amenities.
      7084 Cobiac Dr, St James City, FL 33956
      View Details
    • $260,000
      0.14 Acres

      Waterfront Land with Boat Lift

      Waterfront property featuring a covered boat lift and multiple docks.
      3892 Blueberry Ln, St James City, FL 33956
      View Details
    • $325,000
      0.16 Acres

      Waterfront Lot with Private Dock

      Waterfront lot with dock, boat lift, and utilities in place.
      2480 Sycamore St, St James City, FL 33956
      View Details
    • New
      $225,000
      Pending

      Waterfront Double Lot with Dock

      Waterfront double lot with direct Gulf access and private dock.
      3859 Coconut Dr, St James City, FL 33956
      View Details

    FAQs

    What type of property is this?
    Commercial land - Rare waterfront commercial land on Pine Island, St. James City.
    Where is this commercial land located?
    The property is located at 2831 Oleander St St James City, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Direct waterfront access; - Commercial or residential use potential; - Barrier Island location (Pine Island)
    (239) 225-3182
    Request Owner's contact information
    2831 Oleander St St James City, FL 33956
    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.
    2831 Oleander St
    St James City, FL 33956
    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
    2831 Oleander St St James City, FL 33956
    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
    Daniel Read
    Real Estate License ID: 252000685
    (239) 225-3182
    Learn more
    Google sign-in failed. Please try again or use another login method.