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

    5798 Esther Drive Bokeelia, FL 33922

    View on Map
    Claim this Listing
    Pending
    $49,000

    LAND - Bokeelia, FL

    Lot size:
    0.41 Acres
    Added:
    Feb 15, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 18 at 12:06 pm

    Property Features for 5798 Esther Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    28-44-22-10-0000B.0270
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PARL IN N 1/2 OF NW 1/4 OF NW 1/4 DESC IN OR 1624 PG 1678
    Tax Annual Amount
    462

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Wilda Abad

    Listing agent Wilda Abad License #258014153

    Listing office RE/MAX Realty Team 2326 Del Prado Blvd, Cape Coral, FL

    Listing date Feb 15, 2026

    MLS# 2026008245 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

    Corner Lot with City Water

    This corner lot in Bokeelia, Florida, presents an opportunity to build a custom home. The property is 0.406 acres and features city water already installed. It is centrally located at the entrance to Pine Island, near the public library, restaurants, and supermarkets. The lot is situated in a quiet area with neighbors. A survey is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.1216162
    Latitude
    26.619868

    Nearby Similar for Sale

    • $925,000

      Bokeelia Vacant Commercial Property

      Vacant commercial property in Bokeelia, prime location on Pine Island.
      11900 Stringfellow Road, Bokeelia, FL 33922
      View Details
    • $1,600,000

      Bokeelia Investment Property For Sale

      Six-unit office/retail building with expansion potential in Bokeelia, Florida.
      5261 Pine Island Road, Bokeelia, FL 33922
      View Details
    • $375,000

      Pine Island Duplex Investment Opportunity

      Duplex in desirable Pine Island setting, close to amenities.
      5548/5550 Birdsong Lane, Bokeelia, FL 33922
      View Details
    • $375,000

      Pine Island Duplex: Income Potential

      Duplex in Bokeelia, FL with income-producing potential near amenities.
      5613/5615 Birdsong Lane, Bokeelia, FL 33922
      View Details
    • $149,000

      Bokeelia Mango Grove For Sale

      One acre mango grove with diverse tropical fruit trees.
      6640 Sunrise Lane, Bokeelia, FL 33922
      View Details
    • $760,000

      Secluded Island Estate Homesite

      Five-acre Bokeelia homesite with infrastructure in place.
      13641 Ficus Tree Lane, Bokeelia, FL 33922
      View Details
    • $622,000

      Pine Island Coconut Grove Acreage

      6.22 acres on Pine Island designed for wellness-oriented living.
      0 Lada Lane K6, Bokeelia, FL 33922
      View Details
    • $1,200,000

      Pine Island Mango Grove Land

      18.699 acres with mango grove in historic Pineland.
      13171 Samadani Lane, Bokeelia, FL 33922
      View Details
    • $490,000

      Waterfront Land in Bokeelia, FL

      Rare 0.885-acre waterfront homesite with gulf access and canal frontage.
      5226 Serenity Cove, Bokeelia, FL 33922
      View Details
    • $99,000

      Secluded Acre in Bokeelia, Florida

      Private 1-acre island sanctuary in Bokeelia, perfect for a retreat.
      7224 Coccoloba Way, Bokeelia, FL 33922
      View Details
    • $37,500

      Bokeelia Land Ready to Build

      Duplex-zoned lot in Bokeelia, not in a flood zone.
      5391 Phillips St lot: 4, BOKEELIA, FL 33922
      View Details
    • $299,000

      Pine Island Horse Property

      2.56 acre horse property with stellar improvements near waterfront.
      13300 Morningstar Lane, Bokeelia, FL 33922
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ideal lot to build your dream home with city water.
    Where is this residential land & home lot located?
    The property is located at 5798 Esther Drive Bokeelia, FL.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: Corner lot with city water connection; Ideal lot to build a custom home; Centrally located at the entrance to Pine Island
    (239) 677-7099
    We can help!
    Listing Contact
    Wilda Abad
    Real Estate License ID: 258014153
    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!