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

    7156 Cobiac Dr St James City, FL 33956

    Sponsored
    For Sale
    $85,000

    LAND - St James City, FL

    Lot size:
    0.10 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 3 at 1:06 pm

    Property Features for 7156 Cobiac Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush, Grassed
    APN
    09-45-22-07-00000.1690
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public
    Water front features
    Canal Access, Navigable Water
    Water front
    1

    We can help!

    Listing Contact
    Norma Salter

    Century 21 Sunbelt Realty (239) 542-8611

    Listing agent Norma Salter (239) 314-9317 License #258019156

    Listing date Jan 29, 2026

    MLS# 2026003403 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.

    Learn more

    Property Insight Report

    Overview

    St James City Gulf Access Lot

    This cleared 0.103-acre lot is located in the Pine Island Cove 55+ community. The property is ready for hookup to water, electric, and sewer, and there are no impact fees. The lot is suitable for building a stilt home or installing a new manufactured home. Community amenities include a heated saltwater pool, spa, picnic area, dog park, RV and boat storage, and a private boat ramp providing access to fishing in Southwest Florida and nearby islands such as Cabbage Key, Sanibel, and Cayo Costa beach. The community is located close to restaurants, markets, banks, and parks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Kitchen & Bath Showroom Big Box & Wholesale Store Food Market Travel Agency Garden Center Fish Market Farmer's Market

    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
    -82.109068
    Latitude
    26.564894

    Nearby Similar for Sale

    • $699,000
      0.18 Acres

      Waterfront Duplex in St James

      Remodeled waterfront duplex with Gulf access, new roof and seawall.
      3201/3203 Stabile Rd, St James City, FL 33956
      View Details
    • $45,000
      0.09 Acres

      St James City Land For Sale

      Land in 55+ community with amenities and Gulf access.
      4995 Gulfgate Ln, St James City, FL 33956
      View Details
    • $1,750,000
      0.44 Acres

      Waterfront Apartment Building with Rental Income

      Stunning 8-unit apartment building with waterfront access and flexible leasing.
      3226 Stringfellow Rd, St James City, FL 33956
      View Details
    • $375,000
      4,103 SF

      Waterfront Lot with Gulf Access

      Direct Gulf-access lot with boat lifts and plunge pool.
      3783 Cherry Ln, St James City, FL 33956
      View Details
    • New
      $227,500
      1.00 Acre

      One Acre Tropical Fruit Grove

      One-acre tropical fruit grove with mango trees in St James City.
      8390 Stringfellow Rd, St James City, FL 33956
      View Details
    • $3,000,000
      51.02 Acres

      51+ Acres with Warehouse/Office

      Upland and mangrove acreage with buildings in St James City.
      9703 Stringfellow Rd, St James City, FL 33956
      View Details
    • $419,000
      0.23 Acres

      Waterfront Property Ready for Remodel

      Remodel-ready waterfront property with approved permits and boat lifts.
      2560 Baybreeze St, St James City, FL 33956
      View Details
    • $48,900

      Established Salon in Winn Dixie Center

      Well-established beauty salon in a convenient location.
      9848 Stringfellow Rd, St James City, FL 33956
      View Details
    • $199,900
      0.09 Acres

      Waterfront Lot with Direct Access

      Direct access waterfront lot with utilities and sailboat access.
      3812 Blueberry Ln, St James City, FL 33956
      View Details
    • $79,990
      0.11 Acres

      Land in 55+ Community

      Land in a 55+ mobile home community with amenities.
      7084 Cobiac Dr, St James City, FL 33956
      View Details
    • $260,000
      0.14 Acres

      Waterfront Land with Boat Lift

      Waterfront property featuring a covered boat lift and multiple docks.
      3892 Blueberry Ln, St James City, FL 33956
      View Details
    • $325,000
      0.16 Acres

      Waterfront Lot with Private Dock

      Waterfront lot with dock, boat lift, and utilities in place.
      2480 Sycamore St, St James City, FL 33956
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot in 55+ community with Gulf access.
    Where is this residential land & home lot located?
    The property is located at 7156 Cobiac Dr St James City, FL.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Gulf Access Lot: Direct access to the Gulf of Mexico via private boat ramp.; - Enjoy the 55+ Community Amenities, including heated saltwater pool, spa, picnic area, dog park, and RV/boat storage.; - Cleared Lot with Utilities: Ready for building with water, electric, and sewer hookups already in place.
    (239) 314-9317
    Request Owner's contact information
    7156 Cobiac Dr St James City, FL 33956
    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.
    7156 Cobiac Dr
    St James City, FL 33956
    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
    7156 Cobiac Dr St James City, FL 33956
    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
    Norma Salter
    Real Estate License ID: 258019156
    (239) 314-9317
    Learn more
    Google sign-in failed. Please try again or use another login method.