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

    5250 Martin Cv Bokeelia, FL 33922

    Sponsored
    For Sale
    $230,000

    LAND - Bokeelia, FL

    Lot size:
    0.40 Acres
    Days on Market:
    46
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 5250 Martin Cv

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Grassed
    APN
    21-44-22-03-00000.0290
    Lot size
    0.40 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    We can help!

    Listing Contact
    Lisa Wilson
    Lisa Wilson

    John R. Wood Properties (239) 283-1028

    Listing agent Lisa Wilson (239) 336-9975 License #258028719

    Listing date Dec 10, 2025

    MLS# 225024002

    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

    Buildable Lot in Serenity Cove

    This 0.398-acre lot is one of the last buildable properties in the Serenity Cove neighborhood of Bokeelia, Florida. The 70-foot wide lot is suited for building a custom home. It features a composite dock with posts for boat tie-up and provides direct access to fishing and boating spots, including Sanibel, Cayo Costa, Captiva, and Cabbage Key. The location offers convenient access to the Pine Island pool, pickleball and tennis courts, bike path, museums, marinas, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Spa & Massage Gym & Fitness Auto Repair Shop Pharmacy Wholesale Shop Food Market Computer & Electronic Repair Electrical Service Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.113892
    Latitude
    26.633429

    Nearby Similar for Sale

    • $250,000
      0.25 Acres

      Waterfront Lot in Charlotte Shores

      Waterfront lot with Gulf access in desirable Bokeelia.
      5643 Ann Arbor Dr, Bokeelia, FL 33922
      View Details
    • $3,295,000
      1.24 Acres

      Pine Island Retail Investment Opportunity

      Retail bays in established shopping center, excellent investment potential.
      5110-5120 Pine Island Rd NW, Bokeelia, FL 33922
      View Details
    • $625,000
      0.35 Acres

      Waterfront Duplex with Boat Lift

      Updated waterfront duplex with pool, boat lift, and RV garage.
      5251-5253 Serenity Cv, Bokeelia, FL 33922
      View Details
    • $320,000
      2.62 Acres

      Pine Island Horse Property

      2.56 acre horse property with stellar improvements near waterfront.
      13300 Morningstar Ln, Bokeelia, FL 33922
      View Details
    • $120,000
      0.07 Acres

      Bokeelia, FL Land in Co-Op

      Land in 55+ Co-Op with water access and amenities.
      16978 Captains Dr, Bokeelia, FL 33922
      View Details
    • $250,000
      0.33 Acres

      Cleared Canal Front Lot

      Cleared canal front lot with Gulf access and updated boatlift.
      5414 Martin Cv, Bokeelia, FL 33922
      View Details
    • $198,000
      0.09 Acres

      Cleared Gulf Access Lot

      Cleared Gulf access lot in Bokeelia, a boater's paradise.
      16160 Tortuga St, Bokeelia, FL 33922
      View Details
    • $849,900
      0.68 Acres

      Bokeelia Commercial Property with Restaurant

      Five-unit commercial property with restaurant potential in Bokeelia, Florida.
      7573 Raymary St, Bokeelia, FL 33922
      View Details
    • $399,000
      0.23 Acres

      Charming Duplex on Pine Island

      Duplex in prime location, great investment or owner-occupancy opportunity.
      5548/5550 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • $399,000
      0.23 Acres

      Duplex in Picturesque Pine Island

      Charming duplex offers investment opportunity in tranquil Pine Island.
      5613/5615 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • $315,000
      0.10 Acres

      Waterfront Property Ready to Build

      Waterfront property with seawall ready for your dream home!
      16281 Porto Bello St, Bokeelia, FL 33922
      View Details
    • $890,400
      12.72 Acres

      Agricultural Land on Stringfellow Road

      12.72 acre agricultural parcel in Bokeelia with seller financing.
      15901 Stringfellow Rd, Bokeelia, FL 33922
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lot with composite dock and direct boating access.
    Where is this land located?
    The property is located at 5250 Martin Cv Bokeelia, FL.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Buildable lot in the desirable Serenity Cove neighborhood.; - Direct boating access to Sanibel, Cayo Costa, Captiva, and Cabbage Key.; - Composite dock already in place.
    (239) 336-9975
    Request Owner's contact information
    5250 Martin Cv Bokeelia, FL 33922
    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.
    5250 Martin Cv
    Bokeelia, FL 33922
    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
    5250 Martin Cv Bokeelia, FL 33922
    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
    Lisa Wilson
    Lisa Wilson
    Real Estate License ID: 258028719
    (239) 336-9975
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.