Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gulf Access Residential Lot Title is generated by Realmo AI

    935 Iris Drive, North Fort Myers, FL 33903

    View on Map
    Claim this Listing
    Pending
    $96,000

    LAND - North Fort Myers, FL

    Lot size:
    0.33 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    210
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 935 Iris Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Pending
    APN
    09-44-24-06-00000.0700
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    TROPIC ISLES SEC 3 UNIT 2 PB 12 PG 89 LOT 70
    Tax Annual Amount
    1147

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    We can help!

    Listing Contact
    Holger Ludy

    Listing agent Holger Ludy License #258025029

    Listing office Realty 007 Inc 2002 NE 4TH TER, Cape Coral, FL

    Listing date Nov 7, 2025

    MLS# 2025019266 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.

    HighLights

    • Gulf Access Lot for boating enthusiasts
    • No Flood Zone, providing peace of mind
    • No Seawall Required, saving on construction costs
    • Close to Shopping, Dining, Downtown Fort Myers, US‑41, and I‑75 for easy access to amenities and travel
    • Walking Distance to Schools and Community Pool
    • Public Utilities Available

    Overview

    This offering is a 0.334-acre residential waterfront lot designed for a Gulf access build. The property is described as being in a no-flood zone, which can simplify planning for a future home site. Public utilities are available on the street, supporting a straightforward path to development. The listing notes that no seawall is required for this location.

    Situated in North Fort Myers, the lot is positioned close to everyday conveniences, including shopping, dining, and downtown Fort Myers, along with US-41 and I-75 described as just minutes away. The remarks also note nearby walkable access to North Fort Myers High School, Tropic Isles Elementary, and the North Fort Myers Community Pool.

    For buyers looking to build, this is a practical choice for those who want Gulf access and a ready-to-connect utility setup at the street. With the property presented as no-flood-zone land and specifically identified as not requiring a seawall, it may be an appealing option for planning a home with fewer site-improvement considerations than some waterfront lots. Prospective buyers should confirm all development requirements and utility details directly with the appropriate local agencies and service providers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.913104
    Latitude
    26.661012

    Nearby Similar for Sale

    • $2,200,000
      5,850 SF

      North Fort Myers Commercial Opportunity

      Versatile commercial property with high visibility and multiple uses.
      236 Pondella Road, North Fort Myers, FL 33903
      View Details
    • $1,699,000
      7,816 SF

      Modern Medical Office Spaces Available

      Remodeled medical office spaces with customizable layouts in North Fort Myers.
      68, 72, 76 Pondella Road, North Fort Myers, FL 33903
      View Details
    • $1,200,000
      3,460 SF

      Restaurant on US 41 For Sale

      Freestanding restaurant with drive-thru and high visibility on US 41.
      1130 N TAMIAMI TRAIL, NORTH FORT MYERS, FL 33903
      View Details
    • $1,350,000

      Multi-Bay Industrial Investment Opportunity

      Five-bay industrial warehouse in North Fort Myers with income streams.
      7521 Aluminum Road, North Fort Myers, FL 33903
      View Details
    • $737,500

      Riverfront Multifamily Investment Opportunity

      Two riverfront income properties with multiple units and development potential.
      1818/1822 Stevenson Road, North Fort Myers, FL 33917
      View Details
    • $1,400,000

      Remodeled Freestanding Building on Bayshore

      Remodeled office building with high visibility and ample parking.
      6350 Bayshore Road, North Fort Myers, FL 33917
      View Details
    • $1,050,000

      Waterfront Peninsula Property Opportunity

      Waterfront property with riverfront views and canal access.
      7152 Reymoor Drive, North Fort Myers, FL 33917
      View Details
    • $1,295,000

      Mobile Home Park Opportunity

      Mobile home park with 23 units and development potential.
      344-380 San Jose Street, North Fort Myers, FL 33903
      View Details
    • $1,350,000
      3,460 SF

      High-Visibility Restaurant on US 41

      Freestanding restaurant with drive-thru and liquor license on US 41.
      1130 N TAMIAMI Trl, North Fort Myers, FL 33903
      View Details
    • $1,750,000

      North Fort Myers Commercial Building

      8,126 sq ft commercial building on 0.83 acres.
      1357 N Tamiami Trl, NORTH FORT MYERS, FL 33903
      View Details
    • $599,000

      North Fort Myers Commercial Land

      1.2 acres of commercial land in North Fort Myers.
      1012 - 1020 Pondella Road, North Fort Myers, FL 33903
      View Details
    • $344,000

      New Construction Duplex in Florida

      New construction duplex perfect for homeowners or investors in North Fort Myers.
      231 Santa Cruz Street, North Fort Myers, FL 33903
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Oversized Gulf access lot in a no-flood zone with public utilities available at the street for an easy build site.
    Where is this residential land & home lot located?
    The property is located at 935 Iris Drive North Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $96,000.
    What are key features of this property?
    This property features: Gulf Access Lot for boating enthusiasts; No Flood Zone, providing peace of mind; No Seawall Required, saving on construction costs
    (239) 989-1824
    We can help!
    Listing Contact
    Holger Ludy
    Real Estate License ID: 258025029
    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

    Thank You for Inquiry
    935 Iris Drive, North Fort Myers, FL 33903
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!