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

    5620 Ann Arbor Dr Bokeelia, FL 33922

    Sponsored
    For Sale
    $31,950

    LAND - Bokeelia, FL

    Lot size:
    0.24 Acres
    Days on Market:
    60
    Last Refresh:
    Mar 4 at 3:06 am

    Property Features for 5620 Ann Arbor Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Grassed
    APN
    21-44-22-04-00009.0730
    Lot size
    0.24 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Lori Caldwell

    The K Company Realty LLC (239) 676-6828

    Listing agent Lori Caldwell (239) 560-6565 License #258005768

    Listing date Jan 4, 2026

    MLS# 2025017724

    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

    Cleared Lot in Charlotte Shores

    Located at 5620 Ann Arbor Dr in Bokeelia, FL, this cleared lot in Charlotte Shores offers an opportunity to craft a dream home. Situated on the north end of Pine Island, the 0.243-acre lot is near marinas and boat ramps, making it suitable for water enthusiasts. A bike and walking path is easily accessible. The location provides access to a community pool and pickleball courts. Shopping is conveniently nearby. The property is located in Lee County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.119411
    Latitude
    26.630421

    Nearby Similar for Sale

    • $1,600,000
      4,704 SF

      Bokeelia Investment Property For Sale

      Six-unit office/retail building with expansion potential in Bokeelia, Florida.
      5261 Pine Island Rd, Bokeelia, FL 33922
      View Details
    • $279,000
      Pending

      Bokeelia Property with Sylvester Palms

      Land in Bokeelia with palms, metal building, and storage.
      15890 Quail Trl, 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
    • $622,000
      6.22 Acres

      Pine Island Coconut Grove Acreage

      6.22 acres on Pine Island designed for wellness-oriented living.
      K6 Lada Ln, Bokeelia, FL 33922
      View Details
    • $339,000
      Pending

      Bokeelia Land with Improved Building

      2.45-acre property with utilities, insulated building, and agricultural zoning.
      13173 Bottlebrush Rd, Bokeelia, FL 33922
      View Details
    • New
      $625,000
      0.35 Acres

      Waterfront Duplex with Boat Lift

      Updated waterfront duplex with pool, boat lift, and oversized garage.
      5251-5253 Serenity Cv, 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
    • $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
    • $299,000
      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
    • $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
    • $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
    • $920,000
      7,000 SF

      Retail Outparcel Near Publix

      Retail building for sale or lease near Publix.
      5100 Pine Island Rd NW, Bokeelia, FL 33922
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot in Bokeelia, perfect for building your dream home.
    Where is this residential land & home lot located?
    The property is located at 5620 Ann Arbor Dr Bokeelia, FL.
    What is the asking price?
    The asking price for this property is $31,950.
    What are key features of this property?
    This property features: - Cleared lot ready for building your dream home; - Prime location in Charlotte Shores on Pine Island; - Close proximity to marinas and boat ramps, ideal for water activities
    (239) 560-6565
    Request Owner's contact information
    5620 Ann Arbor Dr 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.
    5620 Ann Arbor Dr
    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
    5620 Ann Arbor Dr 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
    Lori Caldwell
    Real Estate License ID: 258005768
    (239) 560-6565
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!