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

    8251 Wheeler Rd Labelle, FL 33935

    Sponsored
    For Sale
    $5,800,000

    COMMERCIAL - Labelle, FL

    Property size:
    5,000 SF
    Lot size:
    104.00 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 16 at 9:06 am

    Property Features for 8251 Wheeler Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Grassed
    APN
    1-28-44-19-A00-0002.0200
    Size
    5,000 SF
    Lot size
    104.00 Acres

    We can help!

    Listing Contact
    Joe Bartlett

    Coldwell Banker Residential Re (239) 275-5500

    Listing agent Joe Bartlett (239) 322-8595 License #641586074

    Listing date Jan 29, 2026

    MLS# 2026005032

    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

    104 Acres Pasture Land

    This property features 104 acres of pasture land in Wheeler Estates, Hendry County, situated on the Lee County border. The acreage requires minimal clearing for development. A 5,000 square foot steel building is located on the southwest section of the property. The adjacent 100 acres to the north, owned by Hendry County, are planned for a water retention lake surrounded by a park. New homes south of the property sold last year for between $400,000 and $480,000. This parcel is suitable for a major developer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Labelle
    County
    Hendry
    State
    Florida
    Longitude
    -81.562157
    Latitude
    26.639363

    Nearby Similar for Sale

    • New
      $319,000
      0.11 Acres

      Luxury Motorcoach Resort Lot

      Exceptional lot in RiverBend community with coach house and amenities.
      49 3035, Labelle, FL 33935
      View Details
    • $244,000
      0.11 Acres

      Landscaped Lot in RiverBend Resort

      Landscaped lot with coach house, patio, and resort amenities.
      312 3133, Labelle, FL 33935
      View Details
    • $385,000
      0.12 Acres

      Labelle, FL Land Lot

      Land lot in RiverBend Motorcoach Resort, Labelle, Florida.
      201 3024, Labelle, FL 33935
      View Details
    • New
      $360,000
      0.11 Acres

      Waterfront Lot with Coach House

      Luxurious waterfront lot with coach house and resort amenities.
      12 3031, Labelle, FL 33935
      View Details
    • New
      $199,000
      0.12 Acres

      Turnkey Outdoor Paradise in Labelle

      Unique property designed for outdoor living with coach house.
      209 3024, Labelle, FL 33935
      View Details
    • New
      $199,999
      0.12 Acres

      Waterfront RV Lot with Outdoor Kitchen

      Luxury RV lot with outdoor kitchen and resort amenities.
      268 3026, Labelle, FL 33935
      View Details
    • $950,000
      Pending

      Historic Multi-Use Landmark Building

      Historic 5400 SF building in downtown Labelle with income potential.
      390 N Bridge St, Labelle, FL 33935
      View Details
    • $450,000
      0.76 Acres

      Turnkey Convenience Store with Kitchen

      Retail convenience store with commercial kitchen on 0.759 acres.
      Loblolly Bay Rd, Labelle, FL 33935
      View Details
    • $170,000
      0.11 Acres

      Waterfront Lot with Coach House

      Rare waterfront lot with coach house in luxury motorcoach resort.
      24 3018, Labelle, FL 33935
      View Details
    • New
      $379,000
      0.11 Acres

      Luxury Motorcoach Lot with Lake Views

      Spectacular lot with lake views and stylish coach house.
      23 3020, Labelle, FL 33935
      View Details
    • $190,000
      0.11 Acres

      Labelle, FL Land with Amenities

      Land with outdoor living space and access to resort amenities.
      218 3039, Labelle, FL 33935
      View Details
    • $379,000
      0.11 Acres

      Labelle, FL Land with Coach

      Land with coach house in RiverBend Motorcoach Resort.
      14 3035, Labelle, FL 33935
      View Details

    FAQs

    What type of property is this?
    Commercial land - 104 acres of pasture land near Lee County border.
    Where is this commercial land located?
    The property is located at 8251 Wheeler Rd Labelle, FL.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - 104 acres of pasture land ideal for development with minimal clearing required.; - Located in Wheeler Estates (Hendry County) directly on the Lee County border.; - Adjacent to a planned 100-acre Hendry County park with a water retention lake.
    (239) 322-8595
    Request Owner's contact information
    8251 Wheeler Rd Labelle, FL 33935
    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.
    8251 Wheeler Rd
    Labelle, FL 33935
    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
    8251 Wheeler Rd Labelle, FL 33935
    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
    Joe Bartlett
    Real Estate License ID: 641586074
    (239) 322-8595
    Learn more
    Google sign-in failed. Please try again or use another login method.