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

    2959 Oleander Street St James City, FL 33956

    View on Map
    Claim this Listing
    For Sale
    $750,000

    SINGLE_FAMILY - St James City, FL

    Type:Office
    Lot size:
    0.22 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    14
    Last Refresh:
    May 3 at 5:06 pm

    Property Features for 2959 Oleander Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    02-46-22-02-0000E.011A
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    GULFHAVEN UNIT L BLK E PB 9 PG 80 PT OF BLK E AS DESC IN OR 0015 PG 0545
    Tax Annual Amount
    4778

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1981
    Floors in Building
    1

    We can help!

    Listing Contact
    Mike Faulkner
    Mike Faulkner

    Listing agent Mike Faulkner License #258000918

    Listing office John R. Wood Properties 5400 Pine Island Road W Suite A, Bokeelia, FL

    Listing date Apr 20, 2026

    MLS# 2026016434

    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.

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John R. Wood ... Real Estate Agency

    Suggested Use

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

    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
    -82.082351
    Latitude
    26.503287

    Nearby Similar for Sale

    • $1,699,000

      Waterfront Multifamily Investment Opportunity

      Stunning 8-unit apartment building with waterfront access and flexible leasing.
      3226 Stringfellow Road, St James City, FL 33956
      View Details
    • $227,500

      One Acre Tropical Fruit Grove

      One-acre tropical fruit grove with mango trees in St James City.
      8390 Stringfellow Road, St James City, FL 33956
      View Details
    • $649,000

      Waterfront Duplex in St James

      Remodeled waterfront duplex with Gulf access, new roof.
      3201/3203 Stabile Road, St James City, FL 33956
      View Details
    • $419,000

      Waterfront Property Ready for Remodel

      Remodel-ready waterfront property with approved permits and boat lifts.
      2560 Baybreeze Street, St James City, FL 33956
      View Details
    • $3,000,000

      51+ Acres with Warehouse/Office

      Upland and mangrove acreage with buildings in St James City.
      9703 Stringfellow Road, St James City, FL 33956
      View Details
    • $48,900

      Established Salon in Winn Dixie Center

      Well-established salon in a convenient location with new equipment.
      9848 Stringfellow Road, St James City, FL 33956
      View Details
    • $48,900

      Established Beauty Salon For Sale

      Turnkey beauty salon in Winn Dixie Shopping Center.
      9848 Stringfellow Road, St James City, FL 33956
      View Details
    • $1,400,000
      4,947 SF

      Island Office/Retail Building For Sale

      Office/retail building in the heart of Pine Island, Florida.
      10191 Stringfellow Road, St. James City, FL 33956
      View Details

    FAQs

    Where is this property located?
    The property is located at 2959 Oleander Street St James City, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    (239) 691-0835
    We can help!
    Listing Contact
    Mike Faulkner
    Mike Faulkner
    Real Estate License ID: 258000918
    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

    Thank You for Inquiry

    2959 Oleander Street, St James City, FL 33956

    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!