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    Kismet Pkwy Cape Coral, FL 33993

    For Sale
    $7,500,000

    COMMERCIAL - Cape Coral, FL

    Lot size:
    17.50 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 7 at 9:06 am

    Property Features for Kismet Pkwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush
    APN
    36-43-22-C2-00003.0010
    Lot size
    17.50 Acres

    Utilities

    Water source
    Well

    Real Estate Corporation of America (828) 489-8225 [email protected]

    Listing agent Bill Keenan (828) 489-8225 License #258002370

    Listing date Oct 29, 2025

    MLS# 2025004550 Listing URL

    Copyright © 2025 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

    Cape Coral Multifamily/Commercial Development Land

    Sands Point encompasses 17.55 acres situated at the southwest intersection of Olde Burnt Store Road and Kismet Parkway West. The property is zoned to accommodate both multifamily and commercial development. Parcel A, spanning 3 acres, is commercially zoned and located at the intersection of Olde Burnt Store Road and Kismet Parkway West. Parcel B covers 7 acres and is zoned for multifamily use, allowing for 112 units. Parcel C consists of 7.5 acres, also zoned for multifamily development, with a capacity of 120 units. Parcel C includes a one-bedroom cottage and a three-bedroom home with a pool, which are being sold in their current condition. The property's Neighborhood Commercial Zoning presents an opportunity for development as an Assisted Living Facility (ALF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -82.056674
    Latitude
    26.696133

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    FAQs

    What type of property is this?
    Commercial land - 17.55 acres zoned for multifamily and commercial development.
    Where is this commercial land located?
    The property is located at Kismet Pkwy Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - 17.55 acres zoned for both Multifamily and Commercial Development.; - Parcel C (7.5 acres) is zoned for Multifamily with potential for 120 units.; - Parcel B (7 acres) is zoned for Multifamily with potential for 112 units.
    (828) 489-8225
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    Kismet Pkwy Cape Coral, FL 33993
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    Realmo Value Estimation

    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

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    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.

    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
    Kismet Pkwy Cape Coral, FL 33993
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