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

    5950 Sandal Ln Bokeelia, FL 33922

    View on Map
    Sponsored
    For Sale
    $56,000

    LAND - Bokeelia, FL

    Lot size:
    0.51 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 2:06 pm

    Property Features for 5950 Sandal Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Grassed, Brush
    APN
    09-44-22-05-00000.1070
    Lot size
    0.51 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    John Hotzfield

    Real Broker LLC (855) 450-0442

    Listing agent Peter Hitzel (239) 977-8498 License #258033836

    Listing date Mar 8, 2026

    MLS# 225040372

    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

    Oversized Homesite on Pine Island

    Located on Calusa Ridge on Pine Island, this oversized homesite offers an opportunity to create a custom residence. The level lot, situated outside the flood zone, is cleared and ready for construction. A completed survey and architectural building plans are available. A prior septic permit, which lapsed in August 2024, can be used as a basis for re-permitting. Electric service via LCEC and water service from the Pine Island Water Association are accessible along Sandal Lane. The property provides ample space for a resort-style pool, guest casita, gardens, or a private workshop. There are no HOA restrictions or fees. Pine Island, surrounded by orchards and palm groves, is known for its privacy and Old Florida charm. Nearby attractions include the Randell Research Center and protected lands managed by the Calusa Land Trust. Dining options include Tarpon Lodge and the Lazy Flamingo. This homesite is suited for buyers seeking an exclusive Pine Island residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Gym & Fitness Center Department Store Food Market Electrical Service Garden Center Acupuncture Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.124508
    Latitude
    26.662662

    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
    • New
      $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
    • $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
    • $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
    • New
      $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
    • New
      $375,000
      0.23 Acres

      Pine Island Duplex: Income Potential

      Duplex in Bokeelia, FL with income-producing potential near amenities.
      5613/5615 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • New
      $375,000
      0.23 Acres

      Pine Island Duplex Investment Opportunity

      Duplex in desirable Pine Island setting, close to amenities.
      5548/5550 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
    • $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
    • $1,989,000

      Multi-Office Building on Pine Island

      Fully leased multi-office building at a high-traffic location.
      10530 Stringfellow Rd, Bokeelia, FL 33922
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared, build-ready homesite in Bokeelia, Florida, with architectural plans.
    Where is this residential land & home lot located?
    The property is located at 5950 Sandal Ln Bokeelia, FL.
    What is the asking price?
    The asking price for this property is $56,000.
    What are key features of this property?
    This property features: - Oversized, build-ready homesite in a non-flood zone on Pine Island.; - Architectural building plans and a prior septic permit (lapsed August 2024) provide a head start on construction.; - No HOA restrictions or fees, allowing for full architectural freedom.
    (239) 922-6835
    Request Owner's contact information
    5950 Sandal Ln 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.
    5950 Sandal Ln
    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
    5950 Sandal Ln 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
    John Hotzfield
    Real Estate License ID: 545501282
    (239) 922-6835
    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!